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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Long-lived Assets and Total Assets by Segment

The following sets forth the long-lived assets and total assets by segment at June 30, 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		$	101,803			$	2,272,147			$	685,875			$	-			$	3,059,825
Total assets		$	16,608,793			$	3,988,839			$	17,107,905			$	-			$	37,705,537

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

 

Schedule of Statement of Operation by Segment

The following sets forth statements of operations by segment for the three-months ended June 30, 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)		$	899,544			$	-			$	-			$	-			$	899,544
Fee income			1,303,398																1,303,398
Other operating income			85,508				-				-				-				85,508
Total operating income, net			2,288,450				-				-				-				2,288,450
Operating costs:
General and administrative costs:
Compensation			820,017				731,608				3,573,133				-				5,124,758
Operating expense, related party			273,645				-				31,309				-				304,954
Professional fees			153,726				289,903				196,991				-				640,620
Information technology			185,202				9,715				14,479				-				209,396
Clearing and other charges			226,426				-				-				-				226,426
General and administrative-other			206,383				59,985				403,263				-				669,631
General and administrative costs			1,865,399				1,091,211				4,219,175				-				7,175,785
Research and development costs			-				237,394				-				-				237,394
Total operating costs			1,865,399				1,328,605				4,219,175				-				7,413,179
Net operating income (loss)			423,051				(1,328,605	)			(4,219,175	)			-				(5,124,729	)
Other income and expense:
Less: interest expense			165,625				31,498								(197,123	)			-
Interest income			144,775				1,716				371,640				(197,123	)			321,008
Income (loss) before income taxes			402,201				(1,358,387	)			(3,847,535	)			-				(4,803,721	)
Income tax expense			-				2,143				-				-				2,143
Net income (loss)			402,201				(1,360,530	)			(3,847,535	)			-				(4,805,864	)
Less net loss attributable to non-controlling interests			-				(531,423	)			-				-				(531,423	)
Net loss attributable to MDB Capital Holdings, LLC		$	402,201			$	(829,107	)		$	(3,847,535	)		$	-			$	(4,274,441	)

The following sets forth statements of operations by segment for the six-months June 30, 2024:

		Broker Dealer & Intellectual Property Service				Technology Development				Other				Eliminations				Consolidated
Operating income:
Unrealized gain on investment securities, net (from our licensed broker dealer)		$	152,276			$	-			$	-			$	-			$	152,276
Fee income			1,303,398																1,303,398
Other operating income			172,387				-				-				-				172,387
Total operating income, net			1,628,061				-				-				-				1,628,061
Operating costs:
General and administrative costs:
Compensation			1,499,924				1,121,651				7,395,858				-				10,017,433
Operating expense, related party			517,521				-				107,725				-				625,246
Professional fees			299,633				546,466				713,610				-				1,559,709
Information technology			366,116				13,606				35,665				-				415,387
Clearing and other charges			228,462				-				-				-				228,462
General and administrative-other			425,319				140,363				773,075				-				1,338,757
General and administrative costs			3,336,975				1,822,086				9,025,933				-				14,184,994
Research and development costs			-				514,976				-				-				514,976
Total operating costs			3,336,975				2,337,062				9,025,933				-				14,699,970
Net operating income (loss)			(1,708,914	)			(2,337,062	)			(9,025,933	)			-				(13,071,909	)
Other income and expense:
Less: interest expense			276,250				31,498				-				(307,748	)			-
Interest income			197,234				1,716				767,658				(307,748	)			658,860
Income (loss) before income taxes			(1,787,930	)			(2,366,844	)			(8,258,275	)			-				(12,413,049	)
Income tax expense			-				2,143				-				-				2,143
Net income (loss)			(1,787,930	)			(2,368,987	)			(8,258,275	)			-				(12,415,192	)
Less net loss attributable to non-controlling interests			-				(925,326	)			-				-				(925,326	)
Net loss attributable to MDB Capital Holdings, LLC		$	(1,787,930	)		$	(1,443,661	)		$	(8,258,275	)		$	-			$	(11,489,866	)

The following sets forth statements of operations by segment for the three-months ended June 30, 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)		$	1,429,092			$	-			$	-			$	1,429,092
Fee income			4,233,120				-				-				4,233,120
Other operating income			55,549				11,610				-				67,159
Total operating income, net			5,717,761				11,610				-				5,729,371
Operating costs:
General and administrative costs:
Compensation			572,674				138,470				262,573				973,717
Operating expense, related party			206,288				-				47,663				253,951
Professional fees			41,617				27,031				108,194				176,842
Information technology			140,076				(591	)			28,657				168,142
Clearing and other charges			368,924				-				-				368,924
General and administrative-other			89,872				17,226				144,160				251,258
Total general and administrative costs			1,419,451				182,136				591,247				2,192,834
Research and development costs			-				7,567				-				7,567
Total operating costs			1,419,451				189,703				591,247				2,200,401
Net operating income (loss)			4,298,310				(178,093	)			(591,247	)			3,528,970
Other income:
Interest income			19,519				14				165,355				184,888
Net income (loss) before income taxes			4,317,829				(178,079	)			(425,892	)			3,713,858
Income taxes			320,584				-				-				320,584
Net income (loss)			3,997,245				(178,079	)			(425,892	)			3,393,274
Less net loss attributable to non-controlling interests			-				(69,585	)			-				(69,585	)
Net income (loss) attributable to MDB Capital Holdings, LLC		$	3,997,245			$	(108,494	)		$	(425,892	)		$	3,462,859

 The following sets forth statements of operations by segment for the six-months ended June 30, 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)		$	1,483,871			$	-			$	-			$	1,483,871
Fee income			4,233,120				-				-				4,233,120
Other operating income			58,602				70,769				-				129,371
Total operating income, net			5,775,593				70,769				-				5,846,362
Operating costs:
General and administrative costs:
Compensation			1,119,475				170,006				556,263				1,845,744
Operating expense, related party			464,741				-				90,912				555,653
Professional fees			207,429				208,738				365,337				781,504
Information technology			261,952				9,235				44,362				315,549
Clearing and other charges			379,678				-				-				379,678
General and administrative-other			198,865				62,960				293,512				555,337
Total general and administrative costs			2,632,140				450,939				1,350,386				4,433,465
Research and development costs			-				39,159				-				39,159
Total operating costs			2,632,140				490,098				1,350,386				4,472,624
Net operating income (loss)			3,143,453				(419,329	)			(1,350,386	)			1,373,738
Other income:
Interest income			47,881				100				324,198				372,179
Net income (loss) before income taxes			3,191,334				(419,229	)			(1,026,188	)			1,745,917
Income taxes			320,584				-				-				320,584
Net income (loss)			2,870,750				(419,229	)			(1,026,188	)			1,425,333
Less net loss attributable to non-controlling interests			-				(163,778	)			-				(163,778	)
Net income (loss) attributable to MDB Capital Holdings, LLC		$	2,870,750			$	(255,451	)		$	(1,026,188	)		$	1,589,111

 

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

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

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X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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