# EDGAR Filing Document

**Accession Number:** 0001703218
**File Stem:** 0001703218-26-000003
**Filing Date:** 2026-1
**Character Count:** 10319
**Document Hash:** 0349d156ac0b017e51f8502951969a4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001703218-26-000003.hdr.sgml**: 20260126

**ACCESSION NUMBER**: 0001703218-26-000003

**CONFORMED SUBMISSION TYPE**: X-17A-5

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20260126

**DATE AS OF CHANGE**: 20260126

**EFFECTIVENESS DATE**: 20260126

**PERIOD START**: 20241001

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DOEREN MAYHEW CAPITAL ADVISORS, LLC
- **CENTRAL INDEX KEY:** 0001703218

**ORGANIZATION NAME:**
- **EIN:** 820762545
- **STATE OF INCORPORATION:** MI
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-69931
- **FILM NUMBER:** 26561578

**BUSINESS ADDRESS:**
- **STREET 1:** 2600 NORTH LOOP WEST, SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77092
- **BUSINESS PHONE:** 713 789-7077

**MAIL ADDRESS:**
- **STREET 1:** 2600 NORTH LOOP WEST, SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77092

## Full

```

DOEREN MAYHEW CAPITAL ADVISORS, LLC STATEMENT OF FINANCIAL CONDITION SEPTEMBER
30, 2025

Page REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM........... 1

FINANCIAL STATEMENT

Statement of Financial Condition...............................  3

Notes to Statement of Financial Condition.................................  4

STATEMENT OF FINANCIAL CONDITION SEPTEMBER 30, 2025

Assets
Cash and cash equivalents
Accounts receivable
Operating right of use assets
Prepaid expenses
$  2,539,238
27,595
200,572
1,525
Total Assets  $  2,768,930

Liabilities and Member's Equity
Liabilities:
Accounts payable and accrued expenses
Operating lease liabilities
Deferred revenue
$  45,136
200,572
279,810
Total Liabilities  525,518
Member's Equity  2,243,412
Total Liabilities and Member's Equity  $  2,768,930

NOTES TO STATEMENT OF FINANCIAL CONDITION SEPTEMBER 30, 2025
Note 1 - Organization and Nature of Business
Doeren Mayhew Capital Advisors, LLC (the Company), a limited liability
company organized in Michigan, is a broker-dealer registered with the
Securities and Exchange Commission (SEC) and is a member of the Financial
Industry Regulatory Authority, Inc. (FINRA). The Company commenced operations
on April 9, 2017 upon obtaining its broker-dealer registration. The Company
acts as an agent in merger and acquisition transactions as well as arranges
debt and equity financing. The Company also provides general advisory services
to corporate clients.  The Company is 100% owned by DMCA Holdings, LLC.

Note 2  -Significant Accounting Policies
Use of Estimates
The preparation of the statement of financial condition in conformity with
accounting principles generally accepted in the United States of America
requires management to make estimates and assumptions that affect certain
reported amounts and disclosures.  Accordingly, actual results could differ
from those estimates.

Cash and Cash Equivalents
The Company maintains cash on deposit with one banking institution.  At times,
deposits may exceed the Federal Deposit Insurance Corporation (FDIC) coverage
limits.

Concentrations
100% of the Companys accounts receivable is owed from two customers at
September 30, 2025.

Leases
The Company determines if an arrangement is a lease at inception. Right of use
assets represents our right to use an underlying asset for the lease term and
lease liabilities represent our obligations to make lease payments arising from
the lease. Lease expense for lease payments is recognized on a straight-line
basis over the term of the lease.

- 4 -

NOTES TO STATEMENT OF FINANCIAL CONDITION SEPTEMBER 30, 2025

Note 2  - Significant Accounting Policies (Continued)

Credit Losses on Financial Statements
The Company accounts for estimated credit losses on financial assets measured
at amortized cost basis in accordance with Financial Accounting Standards Board
(FASB), Accounting Standard Codification (ASC) Topic 326. Topic 326 requires
managements measurement of the current expected credit loss (CECL) to be based
on a broader range of reasonable and supportable information for lifetime
credit loss estimates including historical experience, current conditions, and
supportable forecasts. A broker-dealers estimate of expected credit losses
should consider the expected risk of credit loss even if that risk is remote,
regardless of the method applied to estimate credit losses. A broker-dealer,
however, is not required to measure expected credit losses on a financial
asset (or group of financial assets) in which historical credit loss
information adjusted for current conditions and reasonable and supportable
forecasts results in an expectation that nonpayment of the amortized cost basis
is remote.

Accounts receivable
Accounts receivable represents investment banking and merger and acquisition
consulting fees receivable. In consideration of the historical loss rate of
zero since inception for this asset class, while considering other current and
future economic conditions, the Company assessed the risk of default from the
customers to be virtually non-existent and considers any resultant allowance to
not be material to the users of these financial statements. The Company will
continue to evaluate the appropriateness of a credit loss allowance on these
receivables as facts and circumstances may evolve. At September 30, 2025 and
2024, the accounts receivable amounted to $27,595 and $237,392, respectively.

Note 3  - Leases

The Company subleases office space in Houston, Texas and Troy, Michigan from a
related party. The Houston, Texas sublease agreement terminates in June 2037.
The Troy, Michigan sublease agreement terminates in June 2033. Both lease
agreements include fixed lease payments through their maturity.

Leases with an initial term of 12 months or less are not recorded on the
balance sheet; the Company recognizes lease expense for these leases on a
straight-line basis over the lease term. Most leases include an option to
renew and the exercise of lease renewal options is at our sole discretion. The
Company did not include the renewal options as part of the right of use assets
and liabilities.

The Company records the operating lease right of use assets and lease
liabilities based on the present value of the lease payments, discounted using
the current commercial lending rate.

- 5 -

NOTES TO STATEMENT OF FINANCIAL CONDITION SEPTEMBER 30, 2025

Note 3 -Leases (Continued)

The discount rate associated with the operating leases as of September 30, 2025
was 7.00% for the Troy, Michigan lease and 4.50% for the Houston, Texas lease.

As of September 30, 2025, the future minimum lease payments under the current
operating leases are as follows:

 Years Ending
 September 30, Amount
2026 $29,256
2027 29,256
2028 29,256
2029 29,256
2030 29,256
Thereafter 113,478
Total undiscounted cash flows 259,758
Less: present value discount (59,186)
Total lease liabilities $200,572

 Weighted-average remaining lease term    9.25 Years

Note 4 -Legal Contingencies

The Company is not currently a defendant in litigation incidental to its
investment banking business. The Company accounts for litigation losses in
accordance with FASB Accounting Standards Codification Topic 450, Contingencies
(ASC 450).  Under ASC 450, loss contingency provisions are recorded for
probable losses at managements best estimate of a loss, or when a best estimate
cannot be made, a minimum loss contingency amount is recorded.  These estimates
are often initially developed substantially earlier than the ultimate loss is
known, and the estimates are refined each accounting period as additional
information becomes available.  Accordingly, the initial amount estimated and
recorded could be as low as zero. As information becomes known, the initial
estimate may be increased, resulting in additional loss provisions. Also, a
best estimate amount is changed to a lower amount when events result in an
expectation of a more favorable outcome than previously estimated.

- 6 -

NOTES TO STATEMENT OF FINANCIAL CONDITION SEPTEMBER 30, 2025

Note 5 -Related Parties
The Company leases office space from a related party as disclosed in Note 3.
The Company has $200,572 outstanding in obligations to this related party as
of September 30, 2025.

Note 6 -Net Capital Requirements
The Company is subject to the Securities and Exchange Commission s Uniform
Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum
net capital and requires that ratio of aggregate indebtedness to net capital,
both as defined, shall not exceed 15 to 1 (and the rule of the applicable
exchange also provides that equity capital may not be withdrawn or cash
dividends paid if the resulting net capital ratio would exceed 10 to 1).

At September 30, 2025, the Company had net capital of $2,214,292, which was
$2,209,292 in excess of its required net capital of $5,000, and the Companys
ratio of aggregate indebtedness to net capital was 0.02 to 1.

* * *End of Notes * * *

- 7 -

```

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001703218

**Filer CCC:** XXXXXXXX

**Is this a LIVE or TEST filing?:** LIVE

**Would you like a Return Copy?:** Yes

### Submission Information

**Report Period Begin Date:** 10-01-2024

**Report Period End Date:** 09-30-2025

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** DOEREN MAYHEW CAPITAL ADVISORS, LLC

**Business Address:** 2600 NORTH LOOP WEST, SUITE 600, HOUSTON, TX, 77092

**Contact Person:** Jennifer Mailhes

**Contact Phone:** 713-860-0215

### Independent Public Accountant Identification

**Accountant Name:** EisnerAmper, LLP

**Accountant Address:** 8550 United Plaza Blvd, Suite 1001, Baton Rouge, LA, 70809

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Jennifer Mailhes**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **DOEREN MAYHEW CAPITAL ADVISORS, LLC**, as of **09-30-2025**, are true and correct.

**Signature:** Jennifer Mailhes

**Title:** CEO

**Notarized:** Yes