v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
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 profit and loss and balance sheet statements.

 

The Company currently operates in two reportable segments: a broker dealer & intellectual property service and technology development.

 

The broker dealer & 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.

 

For the three and six months ended June 30, 2026 and 2025, the Company’s technology development segment consisted of a single subsidiary, M1, a research and development stage company focused on developing a small molecule senescence platform started in July 2024.

 

Non-income generating subsidiaries for management of the business, including MDB CG Management Company, Inc. are reported in the Other column in the table below

 

The following sets forth the long-lived assets and total assets by segment at June 30, 2026:

 

ASSETS 

Broker

Dealer &

Intellectual

Property

Service

  

Technology

Development

   Other   Eliminations   Consolidated 
Long-lived assets  $192   $-   $496   $-   $688 
Total assets  $16,548   $     -   $34,218   $     -   $50,766 

 

 

The following sets forth statements of operations by segment for the three months ended June 30, 2026:

 

  

Broker

Dealer &

Intellectual

Property

Service

   Technology Development   Other   Eliminations   Consolidated 
Operating loss:                         
Unrealized loss on investment securities, net from the licensed broker dealer (1)  $(1,835)  $-   $-   $-   $(1,835)

Related party unrealized loss on investment securities, net from the licensed broker dealer (1)

   (29)   -    -    -    (29)
Realized gain on investment securities from the licensed broker dealer (1)   30                   30 
Fee income (from our licensed broker dealer) (2)   411    -    -    -    411 

Related party fee income (from our licensed broker dealer) (2)

   592    -    -    -    592 
Other operating income (3)   279    -    -    -    279 
Total operating loss, net   (552)   -    -    -    (552)
                          
Operating costs:                         
General and administrative costs:                         
                          
Compensation   618    -    2,800    -    3,418 
Operating expense, related party   389    -    125    -    514 
Professional fees   295    6    202    -    503 
Information technology   284    -    32    -    316 
Clearing and other charges   338    -    -    -    338 
General and administrative-other   206    -    283    -    489 
Total operating costs   2,130    6    3,442    -    5,578 
Net loss   (2,682)   (6)   (3,442)   -    (6,130)
Other income and expense:                         
Miscellaneous income                  -      
Interest expense   (247)   -    -    247    - 
Interest income   80    -    248    (247)   81 
Loss related to dilution events   -    -    (1,267)   -    (1,267)
Unrealized loss on investment securities, at fair value, held by the non-licensed broker dealer (1)   (61)   -    -    -    (61)
Loss before income taxes   (2,910)   (6)   (4,461)   -    (7,377)
Income tax expense   -    -    -    -    - 
Loss before equity method investee   (2,910)   (6)   (4,461)   -    (7,377)
Equity in loss of equity method investee   -    -    (1,942)   -    (1,942)
Net loss   (2,910)   (6)   (6,403)   -    (9,319)
Net loss attributable to non-controlling interests   -    (2)   -    -    (2)
Net loss attributable to MDB Capital Holdings, LLC  $(2,910)  $(4)  $(6,403)  $-   $(9,317)

 

 

The following sets forth statements of operations by segment for the six months ended June 30, 2026:

 

  

Broker

Dealer &

Intellectual

Property

Service

  

Technology

Development

   Other   Eliminations   Consolidated 
Operating loss:                         
Unrealized loss on investment securities, net from the licensed broker dealer (1)  $(4,882)  $-   $-   $-   $(4,882)

Related party unrealized loss on investment securities, net from the licensed broker dealer (1)

   (29)   -    -    -    (29)
Realized gain on investment securities, net from the licensed broker dealer (1)   30                   30 
Fee income (from our licensed broker dealer) (2)   3,273    -    -    -    3,273 

Related party fee income (from our licensed broker dealer) (2)

   592    -    -    -    592 
Other operating income (3)   508    -    -    -    508 
Total operating loss, net   (508)   -    -    -    (508)
                          
Operating costs:                         
General and administrative costs:                         
Compensation   1,257    -    5,494    -    6,751 
Operating expense, related party   743    -    218    -    961 
Professional fees   573    9    605    -    1,187 
Information technology   533    -    65    -    598 
Clearing and other charges   766    -    -    -    766 
General and administrative-other   397    -    443    -    840 
Total operating costs   4,269    9    6,825    -    11,103 
Net loss   (4,777)   (9)   (6,825)   -    (11,611)
Other income and expense:                         
Miscellaneous income   -    -    -    -    - 
Interest expense   (494)   -    -    494    - 
Interest income   144    -    496    (494)   146 
Loss related to dilution events   -    -    (1,363)   -    (1,363)
Unrealized loss on investment securities, at fair value, held by the non-licensed broker dealer (1)   (177)   -    -    -    (177)
Loss before income taxes   (5,304)   (9)   (7,692)   -    (13,005)
Income tax expense   -    -    -    -    - 
Loss before equity method investee   (5,304)   (9)   (7,692)   -    (13,005)
Equity in loss of equity method investee   -    -    (3,050)   -    (3,050)
Net loss   (5,304)   (9)   (10,742)   -    (16,055)
Net loss attributable to non-controlling interests   -    (3)   -    -    (3)
Net loss attributable to MDB Capital Holdings, LLC  $(5,304)   (6)   (10,742)   -    (16,052)

 

(1) Includes unrealized gains and losses on securities held by the broker-dealer.
   
(2) Includes fee income generated for the broker-dealer from investment banking activities, including advisory services, capital raising, and other related financial transactions.
   
(3) Includes fees earned from self-clearing activities by the broker-dealer and professional fees generated by PatentVest services.

 

The following sets forth the long-lived assets and total assets by segment at December 31, 2025:

 

ASSETS 

Broker

Dealer &

Intellectual

Property

Service

  

Technology

Development

   Other   Eliminations   Consolidated 
Long-lived assets  $117   $-   $547   $-   $664 
Total assets  $25,128   $3   $38,609   $-   $63,740 

 

 

The following sets forth statements of operations by segment for the three months June 30, 2025:

 

  

Broker

Dealer &

Intellectual

Property

Service

  

Technology

Development

   Other   Eliminations   Consolidated 
Operating income:                         
Unrealized loss on investment securities, net (from our licensed broker dealer) (Notes 1 and 2) (1)  $(2,193)  $-   $-   $-   $(2,193)
Fee income (from our licensed broker dealer) (2)   -    -    -    -    - 
Other operating income (3)   293    -    -    -    293 
Total operating loss, net   (1,900)   -    -    -    (1,900)
                          
Operating costs:                         
General and administrative costs:                         
Compensation   737    -    3,082    -    3,819 
Operating expense, related party   400    -    74    -    474 
Professional fees   242    6    104    -    352 
Information technology   239    -    29    -    268 
Clearing and other charges   35    -    -    -    35 
General and administrative-other   150    -    395    -    545 
Total operating costs   1,803    6    3,684    -    5,493 
Net loss   (3,703)   (6)   (3,684)   -    (7,393)
Other income and expense:                         
Miscellaneous income   75    -    -    -    75 
Interest expense   (248)   -    -    248    - 
Interest income   129    -    294    (248)   175 
Loss before income taxes   (3,747)   (6)   (3,390)   -    (7,143)
Income tax expense   -    -    -    -    - 
Loss before equity method investee   (3,747)   (6)   (3,390)   -    (7,143)
Equity in loss of equity method investee   -    -    (1,107)   -    (1,107)
Net loss   (3,747)   (6)   (4,497)   -    (8,250)
Net loss attributable to non-controlling interests   -    (2)   -    -    (2)
Net loss attributable to MDB Capital Holdings, LLC  $(3,747)  $(4)  $(4,497)  $-   $(8,248)

 

 

The following sets forth statements of operations by segment for the six months June 30, 2025:

 

  

Broker

Dealer &

Intellectual

Property

Service

  

Technology

Development

   Other   Eliminations   Consolidated 
Operating income:                         
Unrealized loss on investment securities, net (from our licensed broker dealer) (Notes 1 and 2) (1)  $(3,656)  $-   $-   $-   $(3,656)
                          
Fee income (from our licensed broker dealer) (2)   2,140    -    -    -    2,140 
Other operating income (3)   443    -    -    -    443 
Total operating loss, net   (1,073)   -    -    -    (1,073)
                          
Operating costs:                         
General and administrative costs:                         
Compensation   1,516    -    6,639    -    8,155 
Operating expense, related party   760    -    169    -    929 
Professional fees   514    51    576    -    1,141 
Information technology   468    -    49    -    517 
Clearing and other charges   324    -    -    -    324 
General and administrative-other   356    -    808    -    1,164 
Total operating costs   3,938    51    8,241    -    12,230 
Net loss   (5,011)   (51)   (8,241)   -    (13,303)
Other income and expense:                         
Miscellaneous income   75    -    -    -    75 
Interest expense   (495)   -    -    495    - 
Interest income   244    -    607    (495)   356 
Loss before income taxes   (5,187)   (51)   (7,634)   -    (12,872)
Income tax expense   -    -    -    -    - 
Loss before equity method investee   (5,187)   (51)   (7,634)   -    (12,872)
Equity in loss of equity method investee   -    -    (1,980)   -    (1,980)
Net loss   (5,187)   (51)   (9,614)   -    (14,852)
Net loss attributable to non-controlling interests   -    (17)   -    -    (17)
Net loss attributable to MDB Capital Holdings, LLC  $(5,187)  $(34)  $(9,614)  $-   $(14,835)

 

(1) Includes unrealized gains and losses on securities held by the broker-dealer.
   
(2) Includes fee income generated for the broker-dealer from investment banking activities, including advisory services, capital raising, and other related financial transactions.
   
(3) Includes fees earned from self-clearing activities by the broker-dealer and professional fees generated by PatentVest services.