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Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Long-lived Assets, Total Assets and Statements of Operations by Segment

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 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

 

Schedule of Statement of Operation by Segment

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 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	)

 

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
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-Publisher FASB
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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