Manufactured by a luthier named Stefano Capponnetto in Catania in Sicily, this particular instrument would have been made sometime around the 1940s to 1950s. Built with a cutaway and designed in the folk/gypsy fashion, this particular example is extraordinarily light and sounds surprisingly big and authoritative for its size. 

There are some noticeable divots in the fretboard itself around the first to third fret. Looks most likely that the tailpiece and tuners are non-original. It appears the ornamental design on the body of the guitar is half missing. There also appears to be a neck repair which was done at some point. 

Hardware is fully functional, and plays with a medium action.