XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating income:        
Unrealized gain on investment securities, net (from our licensed broker dealer) (Notes 1 and 2) $ 899,544 $ 1,429,092 $ 152,276 $ 1,483,871
Realized loss on investment securities, net (from our licensed broker dealer)
Fee income 1,303,398 4,233,120 1,303,398 4,233,120
Other operating income 85,508 67,159 172,387 129,371
Total operating income, net 2,288,450 5,729,371 1,628,061 5,846,362
General and administrative costs:        
Compensation 5,124,758 973,717 10,017,433 1,845,744
Operating expense, related party 304,954 253,951 625,246 555,653
Professional fees 640,620 176,842 1,559,709 781,504
Information technology 209,396 168,142 415,387 315,549
Clearing and other charges 226,426 368,924 228,462 379,678
General and administrative-other 669,631 251,258 1,338,757 555,337
Total general and administrative costs 7,175,785 2,192,834 14,184,994 4,433,465
Research and development costs, net of grants amounting to $609,208 and $767,707, for the three months ended June 30 and $1,317,878 and $1,522,087, for the six months ended June 30 237,394 7,567 514,976 39,159
Total operating costs 7,413,179 2,200,401 14,699,970 4,472,624
Net operating income (loss) (5,124,729) 3,528,970 (13,071,909) 1,373,738
Other income:        
Interest income 321,008 184,888 658,860 372,179
Net income (loss) before income taxes (4,803,721) 3,713,858 (12,413,049) 1,745,917
Income taxes 2,143 320,584 2,143 320,584
Net income (loss) (4,805,864) 3,393,274 (12,415,192) 1,425,333
Less: Net loss attributable to non-controlling interests (531,423) (69,585) (925,326) (163,778)
Net income (loss) attributable to MDB Capital Holdings, LLC (4,274,441) 3,462,859 (11,489,866) 1,589,111
Common Class A [Member]        
Other income:        
Net income (loss) per share attributable to MDB Capital Holdings, LLC: $ (1,975,275) $ 1,193,312 $ (5,309,616) $ 547,613
Net loss per common share - basic $ (0.46) $ 0.45 $ (1.24) $ 0.21
Net loss per common share - diluted $ (0.46) $ 0.45 $ (1.24) $ 0.21
Weighted average of common shares outstanding - basic 4,295,632 2,628,966 4,295,632 2,628,966
Weighted average of common shares outstanding - diluted 4,295,632 2,628,966 4,295,632 2,628,966
Common Class B [Member]        
Other income:        
Net income (loss) per share attributable to MDB Capital Holdings, LLC: $ (2,299,166) $ 2,269,547 $ (6,180,250) $ 1,041,498
Net loss per common share - basic $ (0.46) $ 0.45 $ (1.24) $ 0.21
Net loss per common share - diluted $ (0.46) $ 0.45 $ (1.24) $ 0.21
Weighted average of common shares outstanding - basic 5,000,000 5,000,000 5,000,000 5,000,000
Weighted average of common shares outstanding - diluted 5,000,000 5,000,000 5,000,000 5,000,000