# AMD CAPITAL, LLC X-17A-5 (2021-02-25) — Broker-dealer annual report - Company: AMD CAPITAL, LLC - Form: X-17A-5 - Filed: 2021-02-25 - Period: 2020-12-31 - Accession: 0001175989-21-000002 - CIK: 1175989 - File #: 8-65422 - Material weakness: No - Auditor: Hochfelder & Weber - Auditor location: Chicago, IL - Contact: Robin Armour - Phone: 847-317-9300 - Signed by: Robin Armour (Principal) Original filing: https://www.sec.gov/Archives/edgar/data/1175989/000117598921000002/AMDstoffincon2020.pdf --- {0}------------------------------------------------ ### AMD CAPITAL, LLC STATEMENT OF FINANCIAL CONDITION FORM X-17A-5 DECEMBER 31, 2020 # PUBLIC {1}------------------------------------------------ **UNITEDSTATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMS APPROVAL 0MB Number: 3235-0123 Expires: October 31, 2023 Estimated average burden hours per res onse ... . .. 12.00 ### **ANNUAL AUDITED REPORT FORM X-17A-5 PART Ill** SEC FILE NUMBER &-65422 **FACING PAGE Information Required of Brokers and Dealers Pursuant to Section 17 of the Securities Exchange Act of 1934 and Rule 17a-5 Thereunder** | REPORT FOR THE PERIOD BEGINNINGQ1/01/2020 | | | AND ENDING 12/31/2020 | | |-------------------------------------------------------------------------------------------------------------|--------------------------------------------------------|---------|--------------------------------|--| | | MM/DD/YY | | MM/DD/YY | | | | A. REGISTRANT IDENTIFICATION | | | | | NAME OF BROKER-DEALER: AMO Capital, LLC | | | OFFICIAL USE ONLY | | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use P.O. Box No.)
100 Tri-State International, Suite 245 | | | FIRM I.D. NO. | | | | (No. and Street) | | | | | Lincolnshire | IL | | 60069 | | | (City) | (State) | | (Zip Code) | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT | | | | | | | | | (Area Code - Telephone Number) | | | | B. ACCOUNT ANT IDENTIFICATION | | | | | INDEPENDENT PUBLIC ACCOUNT ANT whose opinion is contained in this Report* | | | | | | Hochfelder & Weber, P .C. | | | | | | | (Name - if individual. state last, first, middle name) | | | | | 525 W. Monroe, Suite 910 | Chicago | IL | 60661 | | | (Address) | (City) | (State) | (Zip Code) | | | CHECK ONE: | | | | | | I certified Public Accountant | | | | | | B
Public Accountant | | | | | | Accountant not resident in United States or any of its possessions. | | | | | | | FOR OFFICIAL USE ONLY | | | | | | | | | | | | | | | | *\*Claims for exemption from the requirement that the annual report be covered by the opinion of an independent public accountant must be supported by a statement of/acts and circumstances relied on as the basis/or the exemption. See Section 240.17a-5(e)(2)* > **Potential persons who are to respond to the collectlon of Information contained** In **this form are not required to respond unless the form displays a currently valid OMS control number.** SEC 1410 (11-05) {2}------------------------------------------------ #### **OATH OR AFFIRMATION** | I, _R_o_b_in_A_rrn_o_u_r | ________________________
, swear (or affirm) that, to the best of | |--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------| | AMD Capital, LLC | my knowledge and belief the accompanying financial statement and supporting schedules pertaining to the firm of
-----------------------------------------, | | of December 31 | __
as
__, are true and correct. I further swear (or affirm) that
, 20
20 | | | neither the company nor any partner, proprietor, principal officer or director has any proprietary interest in any account | classified solely as that of a customer, except as follows: ![](_page_2_Figure_3.jpeg) #### ~e- A1TA<-\1'~o CA-L-f:B>C!.N,A- ::j::LA~A--r Notary Public This report\*\* contains (check all applicable boxes): - **[2]** (a) Facing Page. - **[ZI** (b) Statement of Financial Condition. - O (c) Statement oflncome (Loss) or, if there is other comprehensive income in the period(s) presented, a Statement of Comprehensive Income (as defined in §210.1-02 ofRegulation S-X). § (d) Statement of Changes in Financial Condition. - - (e) Statement of Changes in Stockholders' Equity or Partners' or Sole Proprietors' Capital. - - - (f) Statement of Changes in Liabilities Subordinated to Claims of Creditors. § (g) Computation of Net Capital. (h) Computation for Determination of Reserve Requirements Pursuant to Rule 15c3-3. - (i) Information Relating to the Possession or Control Requirements Under Rule l 5c3-3. - **D** (j) A Reconciliation, including appropriate explanation of the Computation of Net Capital Under Rule l 5c3-l and the Computation for Determination of the Reserve Requirements Under Exhibit A of Rule 15c3-3. - **0** (k) A Reconciliation between the audited and unaudited Statements of Financial Condition with respect to methods of consolidation. § (I) An Oath or Affirmation. - - (m) A copy of the SIPC Supplemental Report. - (n) A report describing any material inadequacies found to exist or found to have existed since the date of the previous audit. *\*\*For conditions of confidential treatment of certain portions of this filing, see section 240.17a-5(e)(3).* {3}------------------------------------------------ #### **CALIFORNIA JURAT WITH AFFIANT STATEMENT GOVERNMENT CODE** § **8202** ~ee Attached Document (Notary to cross out lines 1-6 below) 0 See Statement Below (Lines 1-6 to be completed only by document signer[s], not Notary) Signature of Document Signer No. 1 Signature of Document Signer No. 2 (if any) **A** notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of J2- \ Vfi'2-J •O& **Notary Pul>IIC** • **CalHomla Rlvnldt County** .. **,\_~...,,.,;M:.:;;,:...;:...,....-.... ~\_,** Sea/ Place Notary Seal Above Subscribed and sworn to (or affirmed) before me on this 2 2. day of 'fe b G1 ~ by Date Month ,202\_L Year (1) *·?o* 'o, *n* A-c.\_M---'--'O"-'LA;.\_;\_,rc\_\_ \_\_\_ \_ (and (2) \_\_\_\_\_\_\_\_\_\_\_\_ ), Name(s) of Signer(s) *---------------opnoNAL \_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_* Though this section is optional, completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. **Description of Attached Document** Title or Type of Document: \_\_\_\_\_\_\_\_\_\_\_\_\_\_ Document Date: \_\_\_\_\_ \_ Number of Pages: \_\_\_ \_ Signer(s) Other Than Named Above: \_\_\_\_\_\_\_\_\_\_\_\_\_ \_ ~~o/~"\:<:'W,~~t,\_,..,--<'J¼'.X.!~-•1;..;,;&,,~~~~.;t~~~~~ ©2014 National Notary Association· www.NationalNotary.org • 1-800-US NOTARY (1-800-876-6827) Item #5910 {4}------------------------------------------------ ## **AMD Capital, LLC Statement of Financial Condition As of December 31, 2020** ASSETS | CURRENT ASSETS | | | |-------------------------------|----|----------| | Caslt | | 64,885 | | Total Current Assets | | 64,885 | | PROPERTY AND EQUIPMENT | | | | Office Equipment | s | 93,113 | | Less: Accumulated Depredation | s | (83,471) | | Net Property and Equipment | s | 9,642 | | OTHER ASSETS | | | | Deposits | \$ | 3,738 | | TOTAL ASSETS | s | 78.26S | #### LIABILITl£S AND MEMBERS EQUITV | CURRENT LIABILITIES | | | |--------------------------------------|---|---------| | Accounts P.1y~blc | s | 13.400 | | Accrued Expenses | s | 11,973 | | | | | | Tot.ii Current Liabilities | | 25,373 | | MEMBERS EQUITY | s | 52,ll9Z | | TOTAL LIABILITIES AND MEMBERS EQUITY | | 78.265 | | | | | The accompanying notes arc an Integral pa11 of these statements. {5}------------------------------------------------ # **AMD Capital, LLC Notes to Financial Statements December 31, 2020** ### **1. Nature of Business** AMD Capital, LLC (The Company) is in the business of capital raising advisory services. The Company was formed March 1, 2002 and will continue operations perpetually unless terminated in accordance with the operating agreement. ### **2. Summary of Significant Accounting Policies** #### **Basis of Accounting** The financial statements are prepared on the accrual basis of accounting. #### **Cash and equivalents** For the purposes of the Statement of Cash Flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. #### **Use of Estimates** The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from these estimates. #### **Property and Equipment** Property and Equipment are stated at cost. Depreciation is computed using the straight line method over the estimated useful lives of the related assets. The cost of repairs and maintenance is expensed as incurred. Depreciation expense was \$1,594 for the year ended December 31, 2020. #### **Income Taxes** The Company has elected to be taxed as a partnership under the Internal Revenue Coe. Under those provisions, the Company does not pay federal income taxes, instead, the limited liability members include their respective shares of the Company's income in their individual income tax returns. The Company files income taxes in the U.S. federal jurisdiction and various state jurisdictions. The Company is no longer subject to the U.S. federal income tax examinations by tax authorities for years before 2017. {6}------------------------------------------------ # **AMD Capital, LLC Notes to Financial Statements December 31, 2020** #### **Revenue Recognition** AMD Capital will represent and market each Client Firm's services and products to large institutions, investment consultants, intermediaries, and others - for the direct purpose of increasing assets under management with the Client Firm. AMD Capital will receive a portion of the asset management fees generated as its fee. AMD Capital may also receive a retainer or fee for consulting services. Fees are not receivable until the Client Firm is successful in collecting fees for the investor. #### **Accounts Receivable** The Company uses the allowance method to determine uncollectable accounts receivable. At December 31, 2020 the Company considers all accounts receivable to be collectable. #### **3. Commitments** The Company leases office space in Lincolnshire, Illinois under a non-cancelable operating lease which expires July 31, 2023. Rent expense, including operating expenses and real estate taxes was \$39,569 for the year ended December 31, 2020. The Company also leases office space in Chicago and Lake Forest Illinois from related parties on a month to month basis. Total rent expense was \$12,000 for the year ended December 31, 2020. The future minimum lease payments required under the lease are as follows: | Year Ending | | |-------------|----------| | December 31 | Amount | | 2021 | \$23,531 | | 2022 | \$24,226 | | 2023 | \$14,489 | | Total | \$62,246 | #### **4. Net Capital Requirements** The Company is subject to the Security and Exchange Commission Uniform Net Capital Rule (Rule 15c3-1). Under this rule, the Company is required to maintain net capital equivalent of \$5,000 or 6-2/3 percent of aggregate indebtedness, whichever is greater. {7}------------------------------------------------ # **AMD Capital, LLC Notes to Financial Statements December 31, 2020** Net Capital and Aggregate indebtedness changes daily but at December 31, 2020, the Company has adjusted Net Capital and Net Capital requirements of \$39,512 and \$5,000, respectively. #### **5. Major Customers** At December 31, 2020, there were no significant accounts receivable concentrations. During 2020, two clients accounted for 41 % and 45% of total revenue, respectively. No other client accounted for more than 10% of 2020 revenue. #### **6. Concentration of Credit Risk** The Company maintains cash balances at a Chicago financial institution. The account is insured by the Federal Deposit Insurance Corporation. At December 31, 2020, the entire balance was insured. #### **7. Retirement Plans** During 2006, the Company formed two retirement plans, a cash balance profit sharing plan and a 401(k) plan. Contributions to the cash balance profit sharing plan are based on the annual earnings of the Company's members and employees, subject to maximum earnings amount determined by the Internal Revenue Code. Company contributions to the cash balance plan were \$180,000 for 2020. Contributions to the 401(k) plan include participant deferrals and a discretionary company contribution. There were contributions of \$122,500 in discretionary contributions for 2020. #### **8. Subsequent Events** The Company did not have any subsequent events through February 19, 2021, which was the date the financial statements were available to be issued for events requiring recording or disclosure in the financial statements for the year ended December 31, 2020. {8}------------------------------------------------ | SIPC-7 | SECURITIES INVESTOR PROTECTION CORPORATION
P.O. Box 92185 Washington, D.C. 20090-2185
202-371 ·8300
General Assessment Reconciliation | | | SIPC-7 | |------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------|----------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------| | (36-REV 12/18) | | | | (36-REV 12118) | | | | For the fiscal year ended ____________ _
(Read carelully the lnstruclions in your Working Copy before compleling lhts Form) | | | | | TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS | | | | | | 1. Name of Member, address, 0osignaled Examining Authority, 1934 Act rogistralion no. and month in which fiscal year ends for | | | | | | purposes of the audit requirement of SEC Rule 17a·5: | | | | | | IAMD Capital, LLC
FINRA Firm number 121539
100 Tri State International, Suite 245 | | 7
indicate on the form filed. | Note: It any of the information shown on the
mailing label requires correction, pleas~ e-mail
any corrections to torm@sipc.org and so | | | Lincolnshire, II 60069 | | | Name and telephone number ol person to | | | | | conlact respecting lhis lorm. | | | L | | | _J | | | | | | | | | | | | | | | | 2. A. General Assessment (item 2e from page 2) | | | | | 07-17-20 | B. Less payment made with SIPC-6 liled (exclude interest) | | | (8,022 | | | Date Paid | | | | | | C. Less prior overpayment applied | | | | | | D. Assessment balance due or (overpayment) | | | | | | E. Interest computed on late payment (see instruction E) for ______ days at 20% per annum | | | | | F. | Total assessment balance and interest due (or overpayment carried forward) | | | | | G. PAYMENT: | ✓ the box
Check mailed to P.O. Box □ Funds Wired
Total (must be same as F above) | □ ACH
□
\$ | _________
_ | | | | H. Overpayment carried torward | \$( | ________
_ | | | | 3. Subsidiaries (S) and predecessors (P) included in this form (give name and 1934 Act registration number): | | | | | | | | | | | | | | | | | | The SIPC member submitting this form and the
person by whom it is executed represenl thereby
that all information contained herein is true, correct | AMD Capital, LLC | | | | and complete. | | | | | | | | | (Authorized Signature) | | | Dated the 20 | day of January | Principal | | | | | This form and the assessment payment is due 60 days after the end of the fiscal year. Retain the Working Copy of this form
for a period of not less than 6 years, the latest 2 years In an easily accessible place. | | (Title) | | | | | | | | | ffi Dates
:
3 | Received
Postmarked | Reviewed | | | | w
> Calculations __ | | __ | | __ | | w | _ | Documentation
_ | | _
Forward Copy | | = | | | | | | | c.:, Exceptions: | | |-----|------------------|--| | Q,. | | | | en Disposition of exceptions: | | | |-------------------------------|--|--| {9}------------------------------------------------ #### **DETERMINATION OF "SIPC NET OPERATING REVENUES" AND GENERAL ASSESSMENT** | Amounts for the fiscal period | | | | | | | |-------------------------------------|--|--|--|--|--|--| | ___
beginning ;01_-_01_-2_0
_ | | | | | | | | and ending ,.12_-_31~--ZP---- | | | | | | | | | 1 No.
~a . Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030) | Eliminate cents
\$9,990,795 | |---|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------| | | 2b. Additions:
(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and
predecessors not included above. | 0 | | | (2) Net loss from principal transactions in securities in trading accounts. | 0 | | | (3) Net loss from principal transactions in commodities in trading accounts . | 0 | | | (4) Interest and dividend expense deducted in determining item 2a. | 0 | | | (5) Net loss from management of or participation in the underwriting or distribution of securities . | 0 | | | (6) Expenses other than advertising , printing, registration fees and legal fees deducted in determining net
profit from management of or participation in underwriting or distribution of securities . | 0 | | | (7) Net loss from securities in investment accounts. | 0 | | | Total additions | 0 | | | 2c. Deductions:
(1) Revenues from the distribution of shares of a registered open end investment company or unit
investment trust, from the sale of variable annuities, from the business of insurance, from investment
advisory services rendered to registered investment companies or insurance company separate
accounts , and from transactions in security futures products. | 0 | | | (2 ) Revenues from commodity transactions. | 0 | | | (3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with
securities transactions . | 0 | | | (4) Reimbursements for postage in connection with proxy solicitation . | 0 | | | (5) Net gain from securities in investment accounts . | 0 | | | (6) 100% of commissions and markups earned from transactions in (i) certificates of deposit and
(ii) Treasury bills, bankers acceptances or commercial paper that mature nine months or less
from issuance date. | 0 | | | (7) Direct expenses of printing advertising and legal tees incurred in connection with other revenue
related to the securities business (revenue defined by Section 16(9)(L) of the Act). | 0 | | | (8) Other revenue not related either directly or indirectly to the securities bus iness .
(See Instruction C) : | | | | (Deductions in excess of \$100,000 require documentation) | 0 | | | (9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13,
0
__________
Code 4075 plus line 2b(4) above) but not in excess
of total interest and dividend income.
\$
_ | | | | __________
(ii) 40% of margin interest earned on customers securities
accounts (40% of FOCUS line 5, Code 3960) .
\$
_ | | | | Enter the greater of li ne (i) or (ii) | | | | Total deductions | 0 | | i | c.u. SIPC Net Operating Revenues | \$9,990,795 | | | 2e. General Assessment@ .0015 | \$14,986 | Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.