XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 24,445,550 $ 4,952,624
Restricted cash 2,000,000
Grants receivable, includes unbilled receivables of $503,777 and $783,520 676,452 809,532
Prepaid expenses and other current assets 561,536 309,818
Investment securities, at amortized cost (U.S. Treasury Bills) 7,495,988 16,188,920
Investment securities, at fair value (held by our licensed broker dealer) (Note 2) 4,964,725 832,577
Investment securities, at cost less impairment (held by our licensed broker dealer) 50,000 50,000
Investment securities, at cost less impairment 300,000 200,000
Deferred offering cost 323,224
Property and equipment, net 842,306 624,644
Operating lease right-of-use assets, net 2,126,213 1,409,732
Total assets 43,462,770 25,701,071
LIABILITIES AND EQUITY    
Accounts payable 1,040,131 698,782
Accrued expenses 154,264 254,745
Income taxes payable 158,269
Deferred grant reimbursement 153,663 214,998
Deferred tax liability 225,874
Deferred revenue 200,000
Operating lease liabilities 2,210,005 1,423,538
Total liabilities 4,142,206 2,592,063
Commitments and Contingencies (Note 9)
Equity:    
Preferred shares, 10,000,000 authorized shares at no par value; 0 issued and outstanding
Common stock value
Paid-in-capital 45,274,523 27,764,453
Accumulated deficit (6,255,406) (5,124,110)
Total MDB Capital Holdings, LLC Members’ equity 39,019,117 22,640,343
Non-controlling interest 301,447 468,665
Total equity 39,320,564 23,109,008
Total liabilities and equity 43,462,770 25,701,071
Common Class A [Member]    
Equity:    
Common stock value
Common Class B [Member]    
Equity:    
Common stock value