# EDGAR Filing Document

**Accession Number:** 0000860034
**File Stem:** 0000860034-23-000001
**Filing Date:** 2023-3
**Character Count:** 32506
**Document Hash:** 7d043d5a1b04627a163e48ffc050f305
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000860034-23-000001.hdr.sgml**: 20230302

**ACCESSION NUMBER**: 0000860034-23-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230302

**DATE AS OF CHANGE**: 20230302

**EFFECTIVENESS DATE**: 20230302

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HAMILTON CLARK SUSTAINABLE CAPITAL, INC.
- **CENTRAL INDEX KEY:** 0000860034
- **IRS NUMBER:** 760301408
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-42236
- **FILM NUMBER:** 23698452

**BUSINESS ADDRESS:**
- **STREET 1:** 1701 PENNSYLVANIA AVENUE NW
- **STREET 2:** SUITE 200
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20006
- **BUSINESS PHONE:** 202-461-2252

**MAIL ADDRESS:**
- **STREET 1:** 1701 PENNSYLVANIA AVENUE NW
- **STREET 2:** SUITE 200
- **CITY:** WASHINGTON
- **STATE:** DC
- **ZIP:** 20006

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAMILTON CLARK SECURITIES COMPANY
- **DATE OF NAME CHANGE:** 20100114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HAMILTON CLARK & CO.
- **DATE OF NAME CHANGE:** 20040406

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DOMINION FINANCIAL SECURITIES COMPANY
- **DATE OF NAME CHANGE:** 20040315

### Attached PDF Documents

**Attachment 1:** `2022audithamilton-.pdf`

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

# ANNUAL REPORTS
FORM X-17A-5
PART III

| OMB APPROVAL |
| --- |
| OMB Number: 3235-0123 |
| Expires: Oct. 31, 2023 |
| Estimated average burden hours per response: 12 |

| SEC FILE NUMBER |
| --- |
| 8-42236 |

FACING PAGE
Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934

| FILING FOR THE PERIOD BEGINNING | 01/01/2022 | AND ENDING | 12/31/2022 |
| --- | --- | --- | --- |
|  | MM/DD/YY |  | MM/DD/YY |

# A. REGISTRANT IDENTIFICATION

NAME OF FIRM: Hamilton Clark Sustainable Capital, Inc.

TYPE OF REGISTRANT (check all applicable boxes):

☑ Broker-dealer

☐ Security-based swap dealer

☐ Major security-based swap participant

☐ Check here if respondent is also an OTC derivatives dealer

ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.)

1701 Pennsylvania Avenue NW, STE 200

| (No. and Street) |  |  |
| --- | --- | --- |
| Washington | DC | 20006 |
| (City) | (State) | (Zip Code) |
| PERSON TO CONTACT WITH REGARD TO THIS FILING |  |  |
| John J. McKenna | 202-481-2252 | john.mckenna@hamiltonclark.com |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

Turner, Stone & Company, L.L.P.

| (Name - if individual, state last, first, and middle name) |  |  |  |
| --- | --- | --- | --- |
| 12700 Park Central Drive, STE 1400 | Dallas | TX | 75251 |
| (Address) | (City) | (State) | (Zip Code) |
| 09/29/2003 |  | 76 |  |
| (Date of Registration with PCAOB)(if applicable) |  | (PCAOB Registration Number, if applicable) |  |
| FOR OFFICIAL USE ONLY |  |  |  |

* Claims for exemption from the requirement that the annual reports be covered by the reports of an independent public accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(1)(ii), if applicable.
Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

# OATH OR AFFIRMATION

I, John J. McKenna, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of Hamilton Clark Sustainable Capital, Inc., as of December 31, 2022, is true and correct. I further swear (or affirm) that neither the company nor any partner, officer, director, or equivalent person, as the case may be, has any proprietary interest in any account classified solely as that of a customer.

![img-0.jpeg](img-0.jpeg)

This filing contains (check all applicable boxes): 6/14/24
(a) Statement of financial condition.
(b) Notes to consolidated statement of financial condition.
(c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X).
(d) Statement of cash flows.
(e) Statement of changes in stockholders' or partners' or sole proprietor's equity.
(f) Statement of changes in liabilities subordinated to claims of creditors.
(g) Notes to consolidated financial statements.
(h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.18a-1, as applicable.
(i) Computation of tangible net worth under 17 CFR 240.18a-2.
(j) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3.
(k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.18a-4, as applicable.
(1) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3.
(m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3.
(n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.18a-4, as applicable.
(0) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-1, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist.
(p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition.
(q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable.
(r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
(s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
(t) Independent public accountant's report based on an examination of the statement of financial condition.
\(\times\) (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable.
(v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
\(\times\) (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable.
(x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-1e or 17 CFR 240.17a-12, as applicable.
(y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k).
(z) Other:

**To request confidential treatment of certain portions of this filing, see 17 CFR 240.17a-5(e)(3) or 17 CFR 240.18a-7(d)(2), as applicable.

Hamilton Clark Sustainable Capital, Inc.

Financial Statements and**

Report of Independent Registered Public Accounting Firm

For the Year Ended December 31, 2022

# **TABLE OF CONTENTS**

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 1 |
| --- | --- |
| STATEMENT OF FINANCIAL CONDITION | 3 |
| STATEMENT OF OPERATIONS | 4 |
| STATEMENT OF STOCKHOLDER'S EQUITY | 5 |
| STATEMENT OF CASH FLOWS | 6 |
| NOTES TO FINANCIAL STATEMENTS | 7-10 |
| SCHEDULE I | 11 |
| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | 12 |
| EXEMPTION REPORT | 13 |

Your Vision Our Focus

![img-1.jpeg](img-1.jpeg)

# Report of Independent Registered Public Accounting Firm

To the Stockholder of

Hamilton Clark Sustainable Capital, Inc.

# Opinion on the Financial Statements

We have audited the accompanying statement of financial condition of Hamilton Clark Sustainable Capital, Inc, as of December 31, 2022, and the related statements of operations, stockholder's equity and cash flows for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of Hamilton Clark Sustainable Capital, Inc.as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America.

# Basis for Opinion

These financial statements are the responsibility of the entity's management. Our responsibility is to express an opinion on these financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to Hamilton Clark Sustainable Capital, Inc. in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

# Supplemental Information

The supplemental information contained on Schedule I has been subjected to audit procedures performed in conjunction with the audit of Hamilton Clark Sustainable Capital, Inc.'s financial statements. Schedule I is the responsibility of Hamilton Clark Sustainable Capital, Inc.'s management. Our audit procedures included determining whether Schedule I reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in Schedule I. In forming our opinion on Schedule I, we evaluated whether Schedule I, including its form and content, is presented in conformity with 17 C.F.R. §240.17a-5. In our opinion, Schedule I is fairly stated, in all material respects, in relation to the financial statements as a whole.

Turner, Stone & Company L.L.P

We have served as Hamilton Clark Sustainable Capital, Inc.'s auditor since 2019.

Dallas, Texas

March 1, 2023

Turner, Stone & Company, L.L.P.

Accountants and Consultants

12700 Park Central Drive, Suite 1400

Dallas, Texas 75251

Telephone:972-239-1660/Fax:info:972-239-1665

Toll Free: 877-853-4195

Web site: turnerstone.com

INAA GROUP

INTERNATIONAL ASSOCIATION OF ACCOUNTANTS AND AUDITORS

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.

# STATEMENT OF FINANCIAL CONDITION

# DECEMBER 31, 2022

# Assets

Current assets:

| Cash | $159,508 |
| --- | --- |
| Accounts receivable | 128,009 |
| Stock | 240,785 |
| Prepaid expense | 40,463 |
| Deposits | 568 |
| Total current assets | $569,333 |

Furniture, fixtures and equipment, at cost:

| Furniture, fixtures and equipment | 13,295 |
| --- | --- |
| Capitalized Website Design | 6,350 |
| Less accumulated depreciation and amortization | (15,140) |
| Total furniture, fixtures and equipment, net | 4,505 |
| Total assets | $573,838 |

# Liabilities and Stockholder's Equity

Current liabilities:

| Accounts payable and accrued expenses | $91,616 |
| --- | --- |
| Commission payable | 216,706 |
| Total current liabilities | 308,322 |

Stockholder's equity

| Common Stock, $.01 par value, 3,000 shares | 1 |
| --- | --- |
| Additional paid-in capital | 324,704 |
| Accumulated deficit | (59,189) |
| Total stockholder's equity | 265,516 |
| Total liabilities and stockholder's equity | $573,838 |

The accompanying notes are an integral part of the financial statements.

3

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.

## STATEMENT OF OPERATIONS

### FOR THE YEAR ENDED DECEMBER 31, 2022

Revenues

| Advisory and success fees | $2,695,111 |
| --- | --- |
| Reimbursed expense | 175,192 |
| Total revenues | $2,870,303 |

Costs and expenses:

| Travel and entertainment | $41,364 |
| --- | --- |
| Salaries and benefits | 210,493 |
| Independent contractors fees | 2,317,548 |
| General and administrative | 138,913 |
| Legal and professional fees | 112,323 |
| Depreciation and amortization expense | 2,586 |
| Property tax expense | 1,659 |
| Total costs and expenses | $2,824,886 |

| Net operating profit before provision for income taxes | $45,417 |
| --- | --- |

Provision for income taxes

| Federal tax expense | 8,862 |
| --- | --- |
| State tax expense | 14,367 |
| Total provision for income taxes | $23,229 |

| Net Income | $22,188 |
| --- | --- |

The accompanying notes are an integral part of the financial statements.

4

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.

## STATEMENT OF STOCKHOLDER'S EQUITY

### DECEMBER 31, 2022

|  | Shares | Par Value | Additional Paid in Capital | Accumulated Deficit | Total |
| --- | --- | --- | --- | --- | --- |
| Balance at December 31, 2021 | 100 | $1 | $324,704 | $(81,377) | $243,328 |
| Net Income |  |  |  | 22,188 | 22,188 |
| Balance at December 31, 2022 | 100 | $1 | $324,704 | $(59,189) | $265,516 |

The accompanying notes are an integral part of the financial statements.

5

# **HAMILTON CLARK SUSTAINABLE CAPITAL, INC.**  
 **STATEMENT OF CASH FLOWS**  
 **FOR THE YEAR ENDED DECEMBER 31, 2022**

| OPERATING ACTIVITIES |  |
| --- | --- |
| Net income | $22,189 |
| Adjustments to reconcile net income to net cash provided by operations: |  |
| Depreciation and amortization expense | 822 |
| Changes in Operating Assets and Liabilities |  |
| Accounts receivable | 12,418 |
| Stock | (240,785) |
| Prepaid expense | (5,250) |
| Accounts payable | (104,789) |
| Commissions payable | 216,706 |
| Net cash used in Operating Activities | (98,689) |
| INVESTING ACTIVITIES |  |
| Capitalized website design | 1,764 |
| Purchase of furniture, fixtures and equipment | (1,204) |
| Net cash provided by Investing Activities | 560 |
| FINANCING ACTIVITIES |  |
| Net cash decrease | - |
|  | (98,129) |
| Cash at beginning of year | 257,637 |
| Cash at end of year | $159,508 |
| Supplemental disclosure of cash flow information |  |
| Interest paid | $ - |
| Income tax paid | $44,965 |

The accompanying notes are an integral part of the financial statements.

6

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.
NOTES TO FINANCIAL STATEMENTS

# 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Business and operations

Hamilton Clark Sustainable Capital, Inc. (formerly Hamilton Clark Securities Company) (the Company) was incorporated in Delaware on January 24, 1990. In June 2014, an amendment was approved to change the name of the Company to Hamilton Clark Sustainable Capital, Inc.

The Company is a broker-dealer registered with the Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA). Effective February 14, 1996, the National Association of Securities Dealers (NASD), now FINRA, granted the Company's request to reduce its minimum net capital requirement from $50,000 to $5,000, which effectively limited the Company's operations to the distribution of private placements of debt and equity securities to institutional and other accredited investors and mergers and acquisitions.

Management estimates

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash flows

For purposes of the statement of cash flows, cash includes demand deposits, time deposits, certificates of deposit and short-term liquid investments with original maturities of three months or less when purchased. The Company maintains deposits in a financial institution. At December 31, 2022, the Federal Deposit Insurance Corporation (FDIC) provided insurance coverage of up to $250,000, per depositor, per institution. At December 31, 2022, there is no uninsured cash.

Accounts Receivable

Receivables consist of uncollateralized customer obligations due under normal trade terms. Payments on trade receivables are applied to the earliest unpaid invoices. Management reviews trade receivables periodically and reduces the carrying amount by a valuation allowance that reflects management's best estimate of the amount that may or may not be collectible. As of December 31, 2022, there was no allowance for doubtful accounts.

Furniture, fixtures and equipment

Furniture, fixtures and equipment are stated at cost less accumulated depreciation. Depreciation of furniture, fixtures and equipment being provided using the straight-line method for financial reporting purposes over estimated useful lives of five to seven years and using accelerated methods for tax reporting purposes.

7

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.
NOTES TO FINANCIAL STATEMENTS

# Revenue recognition

In 2018 the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). Revenue from contracts with customers includes fees from investment banking services. The recognition and measurement of revenue is based on the assessment of individual contract terms. Significant judgment is required to determine whether performance obligations are satisfied at a point in time or over time; how to allocate transaction prices where multiple performance obligations are identified; when to recognize revenue based on the appropriate measure of the Company's progress under the contract; and whether constraints on variable consideration should be applied due to uncertain future events.

# Advisory Services Income

The Company earns fees and commissions in connection with the placement and advisory services it provides and recognizes revenue when the Company has completed its contractual obligations and collection is reasonably assured.

# Success Fee Income

Revenue is recognized when securities transactions are closed, securities are exchanged and all elements of contractual fulfillment are met.

Success Fee revenues include fees earned from providing merger-and-acquisition and financial restructuring advisory services. Success Fees from securities related transactions are recognized when earned under the respective agreements.

The Company earned a commission which was paid with securities in lieu of cash and the transaction was recorded at the time of closing. The related commission payable due to the registered representatives was recorded simultaneously as per their independent contractor agreement. The Income, expense, Commissions Receivable and Commissions Payable were recorded at the market value as of December 31, 2022.

# Client concentrations

For the year ended December 31, 2022, the Company had the following customers with respect to its revenues:

|  | Sales | Accounts Receivable |
| --- | --- | --- |
| Customer 1 | 17% | * |
| Customer 2 | 11% | * |
| Customer 3 | 7% | * |
| Customer 4 | 6% | * |
| Customer 5 | 6% | * |
| Customer 6 | 5% | * |

8

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.
NOTES TO FINANCIAL STATEMENTS

# Fair value of financial instruments

In accordance with the reporting requirements of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 825, Financial Instruments, the Company calculates the fair value of its assets and liabilities which qualify as financial instruments under this standard and includes this additional information in the notes to the financial statements when the fair value is different than the carrying value of those financial instruments. The Company does not have any assets or liabilities measured at fair value on a recurring or a non-recurring basis, consequently, the Company did not have any fair value adjustments for assets and liabilities measured at fair value at December 31, 2022, nor gains or losses reported in the statement of operations and member's capital that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held during the year ended December 31, 2022.

# Fair value measurements

ASC Topic 820, Fair Value Measurement, defines fair value, establishes a framework for measuring fair value in accordance with generally accepted accounting principles, and requires certain disclosures about fair value measurements. In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. These adjustments may include amounts to reflect counterparty credit quality and the customer's creditworthiness, among other things, as well as unobservable parameters. Any such valuation adjustments are applied consistently over time.

# Recent accounting pronouncements

During the year ended December 31, 2022 and through March 1, 2023, there were several new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe the adoption of any of these accounting pronouncements has had or will have a material impact on the Company's financial statements.

# Subsequent events

In preparing the financial statements, the Company has reviewed, as determined necessary by the Company's management, events that have occurred after December 31, 2022, up until the issuance of the financial statements, which occurred on March 1, 2023.

The securities referenced in Note 1 were sold on January 4, 2023 for $238,676 (net of all fees).

9

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.
NOTES TO FINANCIAL STATEMENTS

# 2. INCOME TAXES:

The Company files its income tax return on a separate company basis.

The Company records its federal and state tax liabilities in accordance with FASB Accounting Standards Codification Topic 740-10, "Accounting for Income Taxes". The Company uses the liability method of accounting for income taxes that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company's financial statements. In estimating future tax consequences, all expected future events are considered other than enactment of changes in the tax law or rates. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to amounts that are not likely to be realized.

# 3. NET CAPITAL REQUIREMENTS:

The Company is subject to the Securities and Exchange Commission Uniform Net Capital Rule (SEC Rule 15c3-1), which requires the maintenance of minimum net capital and requires that the 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 December 31, 2022, the Company was in compliance with $308,321 of aggregate indebtedness and net capital of $96,480.

# 4. RULE 15c3-3 EXEMPTION:

The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to: (1) receiving transaction-based compensation for identifying potential merger and acquisition opportunities for clients, and the Company, (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.

10

# HAMILTON CLARK SUSTAINABLE CAPITAL, INC.

# SCHEDULE I

# DECEMBER 31, 2022

| Net capital requirement, the greater of: |  | $20,555 |
| --- | --- | --- |
| 1/15% of aggregate indebtedness | $20,555 |  |
| Minimum dollar requirement | 5,000 |  |
| Net capital |  | 96,480 |
| Excess net capital |  | $75,925 |
| Aggregate indebtedness |  | 308,321 |
| Ratio of aggregate indebtedness to net capital |  | 319.57% |
| Ratio of subordinated indebtedness to debt/equity total |  | - |
| Net capital less greater of 10% of aggregate indebtedness or 120% of required net capital |  | 65,648 |
| Total assets |  | $573,838 |
| Less: total liabilities |  | 308,321 |
| Net worth |  | 265,517 |
| Deductions from and/or charges to net worth |  |  |
| Total non-allowable assets | $99,295 |  |
| Other deductions or charges |  |  |
| Excess Fidelity Bond Deductible | - |  |
| Total deductions from net worth |  | 99,295 |
| Net capital before haircuts on securities positions |  | 166,222 |
| Haircuts on certificates of deposit and commercial paper | - |  |
| U.S. and Canadian government obligations | - |  |
| Other Securities | 36,118 |  |
| Undue concentrations | 33,624 |  |
| Total haircuts of securities |  | 69,742.00 |
| Net capital |  | $96,480 |

There are no material differences between the amounts presented above and the amounts reported on the Company's FOCUS report as of December 31, 2022.

11

Your Vision Our Focus

[LOGO]

# Report of Independent Registered Public Accounting Firm

To the Stockholder of

Hamilton Clark Sustainable Capital, Inc.

We have reviewed management's statements, included in the accompanying Hamilton Clark Sustainable Capital, Inc. Exemption Report, in which (1) Hamilton Clark Sustainable Capital, Inc. does not claim an exemption under 17 C.F.R. §240.15c3-3 and Hamilton Clark Sustainable Capital, Inc. is filing an Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to the private placement of debt and equity securities. (2) The Company is filing its Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R §240.17a-5 because the Company limits its business activities exclusively to: (1) receiving advisory and transaction-based compensation for institutional private placement and identifying potential merger and acquisition opportunities for clients and the Company, (2) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers, (3) did not carry accounts of or for customers; and (4) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception. Hamilton Clark Sustainable Capital, Inc. management is responsible for compliance with the exemption provisions and its statements.

Our review was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included inquiries and other required procedures to obtain evidence about Hamilton Clark Sustainable Capital, Inc.'s compliance with the exemption provisions. A review is substantially less in scope than an examination, the objective of which is the expression of an opinion on management's statements. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to management's statements referred to above for them to be fairly stated, in all material respects, based on the provisions set forth in paragraph (k) 17 C.F.R. §240. FN 74 of Rule 15c3-3 under the Securities Exchange Act of 1934.

Turner, Stone & Company L.L.P

Dallas, Texas

March 1, 2023

Turner, Stone & Company, L.L.P.

Accountants and Consultants

12700 Park Central Drive, Suite 1400

Dallas, Texas 75251

Telephone: 972-239-1600/Fax: 972-239-1665

Toll Free: 877-883-4195

Web site: turnerstone.com

INAA GROUP

INTERNATIONAL ASSOCIATION OF ACCOUNTANTS AND AUDITORS

**Hamilton Clark Sustainable Capital, Inc.**
1701 Pennsylvania Avenue NW, Suite 200 / Washington, DC 20006
202-461-2252

# **Hamilton Clark Sustainable Capital, Inc. Assertions**

**Hamilton Clark Sustainable Capital, Inc.** (the “Company”) is a registered broker-dealer subject to Rule 17a-5 promulgated by the Securities and Exchange Commission (17 C.F.R. §240.17a-5, “Reports to be made by certain brokers and dealers”). This Exemption Report was prepared as required by 17 C.F.R. § 240.17a-5(d)(1) and (4). To the best of its knowledge and belief, the Company states the following:

(1) The Company is considered “Non-Covered Firm” exempt from 17 C.F.R. § 240.15c3-3, and is filing an Exemption Report relying on footnote 74 to SEC Release 34-70073, and as discussed in Q&A 8 of the related FAQ issued by the SEC staff. The Company limits its business activities exclusively to: (1) private placement of securities; and (2) investment banking and advisory services including the private placement of debt and equity securities.

(2) The Company is filing this Exemption Report relying on Footnote 74 of the SEC Release No. 34-70073 adopting amendments to 17 C.F.R. § 240.17a-5 because the Company limits its business activities exclusively to: (1) receiving advisory and transaction-based compensation for institutional private placement and identifying potential merger and acquisition opportunities for clients, and the Company, (1) did not directly or indirectly receive, hold, or otherwise owe funds or securities for or to customers; (2) did not carry accounts of or for customers; and (3) did not carry PAB accounts (as defined in Rule 15c3-3) throughout the most recent fiscal year without exception.

**Hamilton Clark Sustainable Capital, Inc.**

I, John J. McKenna, swear (or affirm) that, to my best knowledge and belief, this Exemption Report is true and correct.

\_\_\_\_\_  
John J. McKenna, President and Chief Compliance Officer  
January 10, 2023

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0000860034

**Filer CCC:** XXXXXXXX

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

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

### Submission Information

**Report Period Begin Date:** 01-01-2022

**Report Period End Date:** 12-31-2022

**Type of Registrant:** Broker-dealer

**Any material weaknesses identified?:** No

### Registrant Identification

**Name of Broker-Dealer:** HAMILTON CLARK SUSTAINABLE CAPITAL, INC.

**Business Address:** 1701 PENNSYLVANIA AVENUE NW, SUITE 200, WASHINGTON, DC, 20006

**Contact Person:** John J. McKenna

**Contact Phone:** 202-481-2252

### Independent Public Accountant Identification

**Accountant Name:** Turner, Stone & Company, L.L.P.

**Accountant Address:** 12700 Park Central Drive, STE 1400, Dallas, TX, 75251

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **John J. McKenna**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **HAMILTON CLARK SUSTAINABLE CAPITAL, INC.**, as of **12-31-2022**, are true and correct.

**Signature:** John J. McKenna

**Title:** President and Chief Compliance Officer

**Notarized:** Yes