# EDGAR Filing Document

**Accession Number:** 0001175989
**File Stem:** 0001175989-23-000003
**Filing Date:** 2023-2
**Character Count:** 20369
**Document Hash:** 36e22a9b4913d718423779668ff1b1c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001175989-23-000003.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001175989-23-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**EFFECTIVENESS DATE**: 20230224

**PERIOD START**: 20220101

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMD CAPITAL, LLC
- **CENTRAL INDEX KEY:** 0001175989
- **IRS NUMBER:** 300038780
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** X-17A-5
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 008-65422
- **FILM NUMBER:** 23664991

**BUSINESS ADDRESS:**
- **STREET 1:** 100 TRI-STATE INTERNATIONAL, SUITE 245
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069
- **BUSINESS PHONE:** 847-317-9300

**MAIL ADDRESS:**
- **STREET 1:** 100 TRI-STATE INTERNATIONAL, SUITE 138
- **CITY:** LINCOLNSHIRE
- **STATE:** IL
- **ZIP:** 60069

### Attached PDF Documents

**Attachment 1:** `amd2002stmtoffincin1.pdf`

AMD CAPITAL, LLC

# **STATEMENT OF FINANCIAL CONDITION  
FORM X-17A-5  
DECEMBER 31, 2022**

PUBLIC

# UNITED STATES

# SECURITIES AND EXCHANGE COMMISSION

# Washington, D.C. 20549

OMB APPROVAL

OMB Number: 3235-0123

Expires: Oct. 31, 2023

Estimated average burden

hours per response: 12

# ANNUAL REPORTS

# FORM X-17A-5

# PART III

SEC FILE NUMBER

8-65422

# 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: AMD Capital, LLC

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.)

100 Tri-State International, Suite 245

| (No. and Street) |  |  |
| --- | --- | --- |
| Lincolnshire | IL | 60069 |
| (City) | (State) | (Zip Code) |

PERSON TO CONTACT WITH REGARD TO THIS FILING

| Robin Armour | 312-961-7237 | robin@amdcapital.com |
| --- | --- | --- |
| (Name) | (Area Code - Telephone Number) | (Email Address) |

# B. ACCOUNTANT IDENTIFICATION

INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*

Hochfelder & Weber, P.C.

| (Name - If individual, state last, first, and middle name) |  |  |  |
| --- | --- | --- | --- |
| 525 W. Monroe, Suite 910 | Chicago | IL | 60661 |
| (Address) | (City) | (State) | (Zip Code) |
| 11/25/2003 |  | 880 |  |

(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, Robin Armour, swear (or affirm) that, to the best of my knowledge and belief, the financial report pertaining to the firm of AMD Capital, LLC, as of 12/31, 2 22, 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)

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

Notary Public

This filing** contains (check all applicable boxes):

(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.
(i) 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.
(o) 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.
(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.
(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.

# ACKNOWLEDGMENT

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 Riverside

On February 21st 2023 before me, Issac Antonio Cross Notary Public (insert name and title of the officer)

personally appeared Robin Pierce Armour, who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature (Seal)

![img-2.jpeg](img-2.jpeg)

# AMD Capital, LLC

## Statement of Financial Condition

### As of December 31, 2022

|  |  |  | ASSETS |  |
| --- | --- | --- | --- | --- |
| CURRENT ASSETS |  |  |  |  |
|  | Cash |  |  | $63,388 |
|  |  | Total Current Assets |  | $63,388 |
| PROPERTY AND EQUIPMENT |  |  |  |  |
|  | Office Equipment |  |  | $99,389 |
|  | Less: Accumulated Depreciation |  |  | $(87,728) |
|  |  | Net Property and Equipment |  | $11,661 |
| OTHER ASSETS |  |  |  |  |
|  | Deposits |  |  | $3,738 |
|  |  | TOTAL ASSETS |  | $78,787 |
|  |  |  | LIABILITIES AND MEMBERS EQUITY |  |
| CURRENT LIABILITIES |  |  |  |  |
|  | Accounts Payable |  |  | $38,922 |
|  | Accrued Expenses |  |  | $13,929 |
|  |  | Total Current Liabilities |  | $52,851 |
| MEMBERS EQUITY |  |  |  | $25,936 |
|  |  | TOTAL LIABILITIES AND MEMBERS EQUITY |  | $78,787 |
| The accompanying notes are an integral part of these statements. |  |  |  |  |

# AMD Capital, LLC
## Notes to Financial Statements
### December 31, 2022

# 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 $2,233 for the year ended December 31, 2022.

# Income Taxes

The Company has elected to be taxed as a partnership under the Internal Revenue Code. 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 2019.

The Company has elected to remit the Illinois Pass-Through Entity tax on behalf of its partners. This election allows the company to remit the individual partners income tax liability based on their respective share of the company's

# AMD Capital, LLC
## Notes to Financial Statements
### December 31, 2022

annual income. The company remitted $541,822 of Illinois Pass Through Entity tax for the 2022 tax year.

# **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 specific identification method to determine uncollectable accounts receivable. At December 31, 2022 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 $36,436 for the year ended December 31, 2022.

The future minimum lease payments required under the lease are as follows:

Year Ending

December 31 Amount

2023 $14,489

Total $14,489

# **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

# AMD Capital, LLC
## Notes to Financial Statements
### December 31, 2022

Net Capital and Aggregate indebtedness changes daily but at December 31, 2022, the Company has adjusted Net Capital and Net Capital requirements of $10,537 and $5,000, respectively.

# 5. Major Customers

At December 31, 2022, there were no significant accounts receivable concentrations. During 2022, two clients accounted for 50% and 43% of total revenue, respectively. No other client accounted for more than 10% of 2022 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, 2022, 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. Contributions to the 401(k) plan include participant deferrals and a discretionary company contribution. There were contributions of $121,500 in discretionary contributions for 2022.

# 8. Subsequent Events

The Company did not have any subsequent events through February 21, 2023, 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, 2022.

**SIPC-7**

(36-REV 12/18)

SECURITIES INVESTOR PROTECTION CORPORATION
Mail Code: 8967 P.O. Box 7247 Philadelphia, PA 19170-0001

**General Assessment Reconciliation**

12/31/22

**SIPC-7**

(36-REV 12/18)

For the fiscal year ended 12/31/22
(Read carefully the instructions in your Working Copy before completing this Form)

**TO BE FILED BY ALL SIPC MEMBERS WITH FISCAL YEAR ENDINGS**

1. Name of Member, address, Designated Examining Authority, 1934 Act registration no. and month in which fiscal year ends for purposes of the audit requirement of SEC Rule 17a-5:

AMD Capital, LLC
100 Tri State International, Suite 245
Lincolnshire, IL 60069

Note: If any of the information shown on the mailing label requires correction, please e-mail any corrections to form@sipc.org and so indicate on the form filed.

Name and telephone number of person to contact respecting this form.

robin armour

2. A. General Assessment (item 2e from page 2)

$16,866

B. Less payment made with SIPC-6 filed (exclude interest)

( 9,085 )

07/11/22

Date Paid

C. Less prior overpayment applied

( )

D. Assessment balance due or (overpayment)

7,781

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

☐

ACH

☐

Total (must be same as F above)

H. Overpayment carried forward

$( )

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 represent thereby that all information contained herein is true, correct and complete.

Robin Armour

(Name of Corporation, Partnership or other organization)

Dated the 9 day of January, 20 22.

(Authorized Signature)

Principal

(Title)

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.

**SIPC REVIEWER**

Dates:

Postmarked

Received

Reviewed

Calculations

Documentation

Forward Copy

Exceptions:

Disposition of exceptions:

1

# DETERMINATION OF "SIPC NET OPERATING REVENUES"
AND GENERAL ASSESSMENT

Amounts for the fiscal period
beginning 01/01/22
and ending 12/31/22

Item No.

2a. Total revenue (FOCUS Line 12/Part IIA Line 9, Code 4030)

Eliminate cents

$11,244,098

2b. Additions:

(1) Total revenues from the securities business of subsidiaries (except foreign subsidiaries) and predecessors not included above.
(2) Net loss from principal transactions in securities in trading accounts.
(3) Net loss from principal transactions in commodities in trading accounts.
(4) Interest and dividend expense deducted in determining item 2a.
(5) Net loss from management of or participation in the underwriting or distribution of securities.
(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.
(7) Net loss from securities in investment accounts.

Total additions

0

0

0

0

0

0

0

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.
(2) Revenues from commodity transactions.
(3) Commissions, floor brokerage and clearance paid to other SIPC members in connection with securities transactions.
(4) Reimbursements for postage in connection with proxy solicitation.
(5) Net gain from securities in investment accounts.
(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.
(7) Direct expenses of printing advertising and legal fees incurred in connection with other revenue related to the securities business (revenue defined by Section 16(9)(L) of the Act).
(8) Other revenue not related either directly or indirectly to the securities business. (See Instruction C):

(Deductions in excess of $100,000 require documentation)

0

0

0

0

0

0

0

0

(9) (i) Total interest and dividend expense (FOCUS Line 22/PART IIA Line 13, 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 line (i) or (ii)

Total deductions

2d. SIPC Net Operating Revenues

2e. General Assessment @ .0015

0

$11,244,098

$16,866

(to page 1, line 2.A.)

2

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

## FORM X-17A-5

### ANNUAL AUDITED REPORT

### Filer Information

**Filer CIK:** 0001175989

**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:** AMD CAPITAL, LLC

**Business Address:** 100 TRI-STATE INTERNATIONAL, SUITE 245, LINCOLNSHIRE, IL, 60069

**Contact Person:** Robin Armour

**Contact Phone:** 312-961-7237

### Independent Public Accountant Identification

**Accountant Name:** Hochfelder & Weber

**Accountant Address:** 525 W. Monroe Street, Suite 910, Chicago, IL, 60661

**Accountant Type:** Certified Public Accountant

### OATH OR AFFIRMATION

I, **Robin Armour**, swear (or affirm) that, to the best of my knowledge and belief, the accompanying financial statements and supporting schedules pertaining to the firm of **AMD CAPITAL, LLC**, as of **12-31-2022**, are true and correct.

**Signature:** Robin Armour

**Title:** Principal

**Notarized:** Yes