Full text of NEWCAP PARTNERS, INC.'s X-17A-5 filed 2020-02-28 (period 2019-12-31). Broker-dealer annual report from SEC EDGAR — readable, searchable, and available as markdown for AI agents.
{0}------------------------------------------------ # NewCap Partners, Inc. Statement of Financial Condition December 31, 2019 {1}------------------------------------------------ # **NEWCAP PARTNERS, INC. STATEMENT** OF **FINANCIAL CONDITION DECEMBER 31, 2019** #### **ASSETS** | Cash and cash in trust account -<br>Note 2 | \$307,876 | |-------------------------------------------------------|-----------| | Note 1<br>Accounts receivable - | 12,500 | | Prepaid expenses | 7,338 | | at cost, less accumulated<br>Property and equipment - | | | depreciation -<br>Notes 1 and 4 | 1,967 | | Operating lease right of use asset -<br>Note 6 | 89,777 | | Deposits | 3,021 | | | \$422.479 | #### LIABILITIES AND STOCKHOLDERS' EQUITY | LIABILITIES | | |----------------------------------------------------|-----------| | Payroll taxes payable | 84 | | State franchise tax payable | 232 | | Operating lease right of use liability -<br>Note 6 | 90,875 | | | 91,191 | | STOCKHOLDERS' EQUITY | | | Common stock-<br>no par value | 689,491 | | Authorized 100,000,000 shares | | | Note 10<br>Outstanding 12,180,773 shares - | | | Retained earnings (deficit) | (358,203) | | Total Stockholders' Equity | 331,288 | | | \$422.479 | {2}------------------------------------------------ # **L** #### **NEWCAP PARTNERS, INC.** #### **NOTES TO FINANCIAL STATEMENTS** #### **Note 1 - Summary of Significant Accounting Policies** #### **Description of Business** The Company provides investment banking services in the fields of mergers, acquisitions, divestitures, financing, and general corporate financial matters. The Company is headquartered in California and provides services to customers throughout the world. #### **Financial Statement Presentation** Management uses estimates and assumptions in preparing financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing the financial statements. The Company has evaluated subsequent events through February 25, 2020. #### **Accounts Receivable** The accounts receivable totaled \$12,500 at December 31, 2019. The Company considers accounts receivable to be fully collectable; accordingly, no allowance for doubtful accounts has been established. If accounts become uncollectible, they will be c…Read the full text as markdown