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Segment Reporting | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting | 3. Segment Reporting In its operation of the business, management, including the Company’s chief operating decision maker, who is also the Company’s Chief Executive Officer, reviews certain financial information, including segmented statements of operations and the balance sheets. The Company currently operates in two reportable segments: in the broker dealer and intellectual property service segment as well as in the technology development segment. The broker dealer and intellectual property service segment currently has two subsidiaries, Public Ventures and PatentVest. Public Ventures is a full-service broker dealer firm focusing on conducting private and public securities offerings. PatentVest offers in-depth patent research used for investment banking due diligence. The technology development segment currently has one subsidiary, Invizyne. Invizyne is a research and development stage company synthetic biology company. Non-income generating subsidiaries for management of the business, including MDB CG Management Company, Inc. are reported as other. The segments are based on the discrete financial information reviewed by the Chief Executive Officer to make resource allocation decisions and to evaluate performance. The reportable segments are each managed separately because they will provide a distinct product or provide services with different processes. All reported segment revenues are derived from external customers. The accounting policies of the Company’s reportable segments are in consideration of ASC 280 and the same as those described in the summary of significant accounting policies (see Note 2). The following sets forth the long-lived assets and total assets by segment at September 30, 2023: Schedule of Long-lived Assets, Total Assets and Statements of Operations by Segment
ASSETS |  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Long-lived assets |  | $ | 104,379 |  |  | $ | 2,114,910 |  |  | $ | 749,230 |  |  | $ | 2,968,519 |
Total assets |  | $ | 11,000,067 |  |  | $ | 3,422,464 |  |  | $ | 29,040,239 |  |  | $ | 43,462,770 |
The following sets forth statements of operations by segment for the three-months September 30, 2023: Schedule of Statement of Operation by Segment
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized loss on investment securities, net (from our licensed broker dealer) |  | $ | (786,906 | ) |  | $ | - |  |  | $ | - |  |  | $ | (786,906 | )
Realized loss on equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other operating income |  |  | 11,502 |  |  |  | - |  |  |  | - |  |  |  | 11,502 |
Total operating loss, net |  |  | (775,404 | ) |  |  | - |  |  |  | - |  |  |  | (775,404 | )
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 793,061 |  |  |  | 119,146 |  |  |  | 425,564 |  |  |  | 1,337,771 |
Operating expense, related party |  |  | 223,254 |  |  |  | - |  |  |  | 50,567 |  |  |  | 273,821 |
Professional fees |  |  | 108,959 |  |  |  | 92,506 |  |  |  | 258,120 |  |  |  | 459,585 |
Information technology |  |  | 71,988 |  |  |  | 7,012 |  |  |  | 14,326 |  |  |  | 93,326 |
Clearing and other charges |  |  | 3,316 |  |  |  | - |  |  |  | - |  |  |  | 3,316 |
General and administrative-other |  |  | 63,266 |  |  |  | 145,243 |  |  |  | 119,387 |  |  |  | 327,896 |
Total general and administrative costs |  |  | 1,263,844 |  |  |  | 363,907 |  |  |  | 867,964 |  |  |  | 2,495,715 |
Research and development costs |  |  | - |  |  |  | 27,936 |  |  |  | - |  |  |  | 27,936 |
Total operating costs |  |  | 1,263,844 |  |  |  | 391,843 |  |  |  | 867,964 |  |  |  | 2,523,651 |
Net operating loss |  |  | (2,039,248 | ) |  |  | (391,843 | ) |  |  | (867,964 | ) |  |  | (3,299,055 | )
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 28,110 |  |  |  | - |  |  |  | 148,190 |  |  |  | 176,300 |
Net loss before income taxes |  |  | (2,011,138 | ) |  |  | (391,843 | ) |  |  | (719,774 | ) |  |  | (3,122,755 | )
Income taxes |  |  | - |  |  |  | 63,559 |  |  |  | - |  |  |  | 63,559 |
Net loss |  |  | (2,011,138 | ) |  |  | (455,402 | ) |  |  | (719,774 | ) |  |  | (3,186,314 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (177,853 | ) |  |  | - |  |  |  | (177,853 | )
Net loss attributable to MDB Capital Holdings, LLC |  | $ | (2,011,138 | ) |  | $ | (277,549 | ) |  | $ | (719,774 | ) |  | $ | (3,008,461 | )
The following sets forth statements of operations by segment for the nine-months ended September 30, 2023:
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities, net (from our licensed broker dealer) |  | $ | 696,965 |  |  | $ | - |  |  | $ | - |  |  | $ | 696,965 |
Realized loss on equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fee income |  |  | 4,233,120 |  |  |  | - |  |  |  | - |  |  |  | 4,233,120 |
Other operating income |  |  | 70,104 |  |  |  | 70,769 |  |  |  | - |  |  |  | 140,873 |
Total operating income, net |  |  | 5,000,189 |  |  |  | 70,769 |  |  |  | - |  |  |  | 5,070,958 |
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 1,912,536 |  |  |  | 289,152 |  |  |  | 981,827 |  |  |  | 3,183,515 |
Operating expense, related party |  |  | 687,995 |  |  |  | - |  |  |  | 141,479 |  |  |  | 829,474 |
Professional fees |  |  | 316,388 |  |  |  | 301,244 |  |  |  | 623,457 |  |  |  | 1,241,089 |
Information technology |  |  | 333,940 |  |  |  | 16,247 |  |  |  | 58,688 |  |  |  | 408,875 |
Clearing and other charges |  |  | 382,994 |  |  |  | - |  |  |  | - |  |  |  | 382,994 |
General and administrative-other |  |  | 262,131 |  |  |  | 208,203 |  |  |  | 412,899 |  |  |  | 883,233 |
Total general and administrative costs |  |  | 3,895,984 |  |  |  | 814,846 |  |  |  | 2,218,350 |  |  |  | 6,929,180 |
Research and development costs |  |  | - |  |  |  | 67,095 |  |  |  | - |  |  |  | 67,095 |
Total operating costs |  |  | 3,895,984 |  |  |  | 881,941 |  |  |  | 2,218,350 |  |  |  | 6,996,275 |
Net operating income (loss) |  |  | 1,104,205 |  |  |  | (811,172 | ) |  |  | (2,218,350 | ) |  |  | (1,925,317 | )
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 75,991 |  |  |  | 100 |  |  |  | 472,388 |  |  |  | 548,479 |
Net income (loss) before income taxes |  |  | 1,180,196 |  |  |  | (811,072 | ) |  |  | (1,745,962 | ) |  |  | (1,376,838 | )
Income taxes |  |  | 320,584 |  |  |  | 63,559 |  |  |  | - |  |  |  | 384,143 |
Net income (loss) |  |  | 859,612 |  |  |  | (874,631 | ) |  |  | (1,745,962 | ) |  |  | (1,760,981 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (341,631 | ) |  |  | - |  |  |  | (341,631 | )
Net income (loss) attributable to MDB Capital Holdings, LLC |  | $ | 859,612 |  |  | $ | (533,000 | ) |  | $ | (1,745,962 | ) |  | $ | (1,419,350 | )
The following sets forth the long-lived assets and total assets by segment at December 31, 2022:
ASSETS |  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Long-lived assets |  | $ | - |  |  | $ | 1,216,418 |  |  | $ | 817,958 |  |  | $ | 2,034,376 |
Total assets |  | $ | 4,737,137 |  |  | $ | 2,685,657 |  |  | $ | 18,278,277 |  |  | $ | 25,701,071 |
The following sets forth statements of operations by segment for the three-months ended September 30, 2022:
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities, net (from our licensed broker dealer) |  | $ | 16,072 |  |  | $ | - |  |  | $ | - |  |  | $ | 16,072 |
Realized loss on equity securities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other operating income |  |  | 27,073 |  |  |  | 21 |  |  |  | 30,809 |  |  |  | 57,903 |
Total operating income, net |  |  | 43,145 |  |  |  | 21 |  |  |  | 30,809 |  |  |  | 73,975 |
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 633,083 |  |  |  | 82,430 |  |  |  | 414,743 |  |  |  | 1,130,256 |
Operating expense, related party |  |  | 431,172 |  |  |  | - |  |  |  | 83,626 |  |  |  | 514,798 |
Professional fees |  |  | 36,865 |  |  |  | 14,170 |  |  |  | - |  |  |  | 51,035 |
Information technology |  |  | 85,978 |  |  |  | 5,039 |  |  |  | 2,448 |  |  |  | 93,465 |
Clearing and other charges |  |  | 2,547 |  |  |  | - |  |  |  | - |  |  |  | 2,547 |
General and administrative-other |  |  | 71,743 |  |  |  | 150,332 |  |  |  | 184,461 |  |  |  | 406,536 |
Total general and administrative costs |  |  | 1,261,388 |  |  |  | 251,971 |  |  |  | 685,278 |  |  |  | 2,198,637 |
Research and development costs |  |  | - |  |  |  | 103,633 |  |  |  | - |  |  |  | 103,633 |
Total operating costs |  |  | 1,261,388 |  |  |  | 355,604 |  |  |  | 685,278 |  |  |  | 2,302,270 |
Net operating loss |  |  | (1,218,243 | ) |  |  | (355,583 | ) |  |  | (654,469 | ) |  |  | (2,228,295 | )
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net loss before income taxes |  |  | (1,218,243 | ) |  |  | (355,583 | ) |  |  | (654,469 | ) |  |  | (2,228,295 | )
Income taxes |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net loss |  |  | (1,218,243 | ) |  |  | (355,583 | ) |  |  | (654,469 | ) |  |  | (2,228,295 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (144,715 | ) |  |  | - |  |  |  | (144,715 | )
Net loss attributable to MDB Capital Holdings, LLC |  | $ | (1,218,243 | ) |  | $ | (210,868 | ) |  | $ | (654,469 | ) |  | $ | (2,083,580 | )
The following sets forth statements of operations by segment for the nine-months ended September 30, 2022:
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Operating income (loss): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized loss on investment securities, net (from our licensed broker dealer) |  | $ | (3,836 | ) |  | $ | - |  |  | $ | - |  |  | $ | (3,836 | )
Realized loss on investment securities |  |  | (7 | ) |  |  | - |  |  |  | - |  |  |  | (7 | )
Other operating income |  |  | 76,513 |  |  |  | 34 |  |  |  | 30,809 |  |  |  | 107,356 |
Total operating income, net |  |  | 72,670 |  |  |  | 34 |  |  |  | 30,809 |  |  |  | 103,513 |
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 1,359,236 |  |  |  | 313,928 |  |  |  | 546,790 |  |  |  | 2,219,954 |
Operating expense, related party |  |  | 794,054 |  |  |  | - |  |  |  | 88,547 |  |  |  | 882,601 |
Professional fees |  |  | 542,811 |  |  |  | 84,403 |  |  |  | 25,499 |  |  |  | 652,713 |
Information technology |  |  | 187,768 |  |  |  | 15,057 |  |  |  | 5,119 |  |  |  | 207,944 |
Clearing and other charges |  |  | 22,342 |  |  |  | - |  |  |  | - |  |  |  | 22,342 |
General and administrative-other |  |  | 471,039 |  |  |  | 274,832 |  |  |  | 278,890 |  |  |  | 1,024,761 |
General and administrative costs |  |  | 3,377,250 |  |  |  | 688,220 |  |  |  | 944,845 |  |  |  | 5,010,315 |
Research and development costs |  |  | - |  |  |  | 295,779 |  |  |  | - |  |  |  | 295,779 |
Total operating costs |  |  | 3,377,250 |  |  |  | 983,999 |  |  |  | 944,845 |  |  |  | 5,306,094 |
Net operating loss |  |  | (3,304,580 | ) |  |  | (983,965 | ) |  |  | (914,036 | ) |  |  | (5,202,581 | )
Net operating income (loss) |  |  | (3,304,580 | ) |  |  | (983,965 | ) |  |  | (914,036 | ) |  |  | (5,202,581 | )
Loss before income taxes |  |  | (3,304,580 | ) |  |  | (983,965 | ) |  |  | (914,036 | ) |  |  | (5,202,581 | )
Income tax |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net loss |  |  | (3,304,580 | ) |  |  | (983,965 | ) |  |  | (914,036 | ) |  |  | (5,202,581 | )
Net income (loss) |  |  | (3,304,580 | ) |  |  | (983,965 | ) |  |  | (914,036 | ) |  |  | (5,202,581 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (418,677 | ) |  |  | - |  |  |  | (418,677 | )
Net loss attributable to controlling interests |  | $ | (3,304,580 | ) |  | $ | (565,288 | ) |  | $ | (914,036 | ) |  | $ | (4,783,904 | )
Net income (loss) attributable to MDB capital Holdings, LLC |  | $ | (3,304,580 | ) |  | $ | (565,288 | ) |  | $ | (914,036 | ) |  | $ | (4,783,904 | )

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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