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Segment Reporting | 3 Months Ended
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Mar. 31, 2024
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 March 31, 2024: Schedule of Long-lived Assets and Total Assets by Segment
ASSETS |  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Eliminations |  |  | Consolidated |
Long-lived assets |  | $ | 107,458 |  |  | $ | 2,367,496 |  |  | $ | 707,455 |  |  | $ | - |  |  | $ | 3,182,409 |
Total assets |  | $ | 16,301,072 |  |  | $ | 4,005,204 |  |  | $ | 20,633,600 |  |  | $ | - |  |  | $ | 40,939,876 |
The following sets forth statements of operations by segment for the three-months March 31, 2024: Schedule of Statement of Operation by Segment
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Eliminations |  |  | Consolidated |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities, net (from our licensed broker dealer) |  | $ | (747,268) |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | (747,268) |
Other operating income |  |  | 86,879 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 86,879 |
Total operating income, net |  |  | (660,389) |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (660,389) |
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 679,907 |  |  |  | 390,043 |  |  |  | 3,822,725 |  |  |  | - |  |  |  | 4,892,675 |
Operating expense, related party |  |  | 243,876 |  |  |  | - |  |  |  | 76,416 |  |  |  | - |  |  |  | 320,292 |
Professional fees |  |  | 145,907 |  |  |  | 256,563 |  |  |  | 516,619 |  |  |  | - |  |  |  | 919,089 |
Information technology |  |  | 180,914 |  |  |  | 3,891 |  |  |  | 21,186 |  |  |  | - |  |  |  | 205,991 |
Clearing and other charges |  |  | 2,036 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,036 |
General and administrative-other |  |  | 218,936 |  |  |  | 80,378 |  |  |  | 369,812 |  |  |  | - |  |  |  | 669,126 |
General and administrative costs |  |  | 1,471,576 |  |  |  | 730,875 |  |  |  | 4,806,758 |  |  |  | - |  |  |  | 7,009,209 |
Research and development costs |  |  | - |  |  |  | 277,582 |  |  |  | - |  |  |  | - |  |  |  | 277,582 |
Total operating costs |  |  | 1,471,576 |  |  |  | 1,008,457 |  |  |  | 4,806,758 |  |  |  | - |  |  |  | 7,286,791 |
Net operating income (loss) |  |  | (2,131,965 | ) |  |  | (1,008,457 | ) |  |  | (4,806,758 | ) |  |  | - |  |  |  | (7,947,180 | )
Other income and expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Less: interest expense |  |  | 110,625 |  |  |  | - |  |  |  | - |  |  |  | 110,625 |  |  |  | - |
Interest income |  |  | 52,459 |  |  |  | - |  |  |  | 285,393 |  |  |  | - |  |  |  | 337,852 |
Income (loss) before income taxes |  |  | (2,190,131 | ) |  |  | (1,008,457 | ) |  |  | (4,521,365 | ) |  |  | 110,625 |  |  |  | (7,609,328 | )
Income tax expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net income (loss) |  |  | (2,190,131 | ) |  |  | (1,008,457 | ) |  |  | (4,521,365 | ) |  |  | 110,625 |  |  |  | (7,609,328 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (393,903 | ) |  |  | - |  |  |  | - |  |  |  | (393,903 | )
Net loss attributable to MDB Capital Holdings, LLC |  | $ | (2,190,131 | ) |  | $ | (614,554 | ) |  | $ | (4,521,365 | ) |  | $ | 110,625 |  |  | $ | (7,215,425 | )
The following sets forth the long-lived assets and total assets by segment at December 31, 2023:
ASSETS |  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Long-lived assets |  | $ | 113,114 |  |  | $ | 2,344,895 |  |  | $ | 728,600 |  |  | $ | 3,186,609 |
Total assets |  | $ | 15,038,602 |  |  | $ | 3,558,509 |  |  | $ | 24,388,168 |  |  | $ | 42,985,279 |
The following sets forth statements of operations by segment for the three-months ended March 31, 2023:
|  | Broker Dealer & Intellectual Property Service |  |  | Technology Development |  |  | Other |  |  | Consolidated |
Operating income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized gain on investment securities, net (from our licensed broker dealer) (Notes 1 and 2) |  | $ | 54,779 |  |  | $ | - |  |  | $ | - |  |  | $ | 54,779 |
Other operating income |  |  | 3,053 |  |  |  | 59,159 |  |  |  | - |  |  |  | 62,212 |
Total operating income, net |  |  | 57,832 |  |  |  | 59,159 |  |  |  | - |  |  |  | 116,991 |
Operating costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administrative costs: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Compensation |  |  | 546,801 |  |  |  | 31,536 |  |  |  | 293,690 |  |  |  | 872,027 |
Operating expense, related party |  |  | 258,453 |  |  |  | - |  |  |  | 43,249 |  |  |  | 301,702 |
Professional fees |  |  | 165,812 |  |  |  | 181,707 |  |  |  | 257,143 |  |  |  | 604,662 |
Information technology |  |  | 121,876 |  |  |  | 9,826 |  |  |  | 15,705 |  |  |  | 147,407 |
Clearing and other charges |  |  | 10,754 |  |  |  | - |  |  |  | - |  |  |  | 10,754 |
General and administrative-other |  |  | 108,993 |  |  |  | 45,734 |  |  |  | 149,352 |  |  |  | 304,079 |
General and administrative costs |  |  | 1,212,689 |  |  |  | 268,803 |  |  |  | 759,139 |  |  |  | 2,240,631 |
Research and development costs |  |  | - |  |  |  | 31,592 |  |  |  | - |  |  |  | 31,592 |
Total operating costs |  |  | 1,212,689 |  |  |  | 300,395 |  |  |  | 759,139 |  |  |  | 2,272,223 |
Net operating loss |  |  | (1,154,857 | ) |  |  | (241,236 | ) |  |  | (759,139 | ) |  |  | (2,155,232 | )
Other income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  | 28,362 |  |  |  | 86 |  |  |  | 158,843 |  |  |  | 187,291 |
Loss before income taxes |  |  | (1,126,495 | ) |  |  | (241,150 | ) |  |  | (600,296 | ) |  |  | (1,967,941 | )
Income (loss) before income taxes |  |  | (1,126,495 | ) |  |  | (241,150 | ) |  |  | (600,296 | ) |  |  | (1,967,941 | )
Income tax expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Net loss |  |  | (1,126,495 | ) |  |  | (241,150 | ) |  |  | (600,296 | ) |  |  | (1,967,941 | )
Less net loss attributable to non-controlling interests |  |  | - |  |  |  | (94,193 | ) |  |  | - |  |  |  | (94,193 | )
Net loss attributable to MDB Capital Holdings, LLC |  | $ | (1,126,495 | ) |  | $ | (146,957 | ) |  | $ | (600,296 | ) |  | $ | (1,873,748 | )

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