10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0000939802-14-000047`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	capc-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 30 Cash Flow Statement 52

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Series A, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$436.59K	USD	Point-in-time
Preferred Stock, Series A, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$451.88K	USD	Point-in-time
Preferred Stock, Series A, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$6.93M	USD	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$3.95M	USD	Point-in-time
Preferred Stock, Series A, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series A, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series B-1, shares par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Preferred Stock, Series B-1, shares par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$298.10K	USD	Point-in-time
Inventory	`InventoryNet`	$301.83K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Deposit	`DepositAssets`	$33.83K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Deposit	`DepositAssets`	-	USD	Point-in-time
Preferred Stock, Series C, par value	`PreferredStockSeriesCParValue`	$1.00	USD	Point-in-time
Preferred Stock, Series C, par value	`PreferredStockSeriesCParValue`	$1.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$351.65K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$1.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.74M	USD	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.09M	USD	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Preferred Stock, Series C, shares issued	`PreferredStockSeriesCSharesIssued`	1,000.00	shares	Point-in-time
Preferred Stock, Series C, shares issued	`PreferredStockSeriesCSharesIssued`	1,000.00	shares	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Computer equipment & software	`PropertyPlantAndEquipmentOtherNet`	$66.45K	USD	Point-in-time
Computer equipment & software	`PropertyPlantAndEquipmentOtherNet`	$12.27K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	850.00M	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$667.10K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	850.00M	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$232.50K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	657.76M	shares	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	654.01M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-176.37K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-661.21K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$74.07K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
Product development costs - net	`IntangibleAssetsNetExcludingGoodwill`	$14.75K	USD	Point-in-time
Product development costs - net	`IntangibleAssetsNetExcludingGoodwill`	$19.66K	USD	Point-in-time
Investment (AC Kinetics)	`LongTermInvestments`	$500.00K	USD	Point-in-time
Investment (AC Kinetics)	`LongTermInvestments`	$500.00K	USD	Point-in-time
Goodwill	`Goodwill`	$1.94M	USD	Point-in-time
Goodwill	`Goodwill`	$1.94M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.46M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.45M	USD	Point-in-time
Total Assets	`Assets`	$11.28M	USD	Point-in-time
Total Assets	`Assets`	$7.61M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.93M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.09M	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$4.24M	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$1.74M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.64M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.22M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.47M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.39M	USD	Point-in-time
Notes and loans payable to related parties - Long Term	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Notes and loans payable to related parties - Long Term	`NotesPayableRelatedPartiesNoncurrent`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.39M	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 100,000,000 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 100,000,000 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value $.0001 per share, authorized 50,000,000 shares, issued -0- shares	`PreferredStockSeriesB1ParValue0001PerShareAuthorized50000000SharesIssued0Shares1`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value $.0001 per share, authorized 50,000,000 shares, issued -0- shares	`PreferredStockSeriesB1ParValue0001PerShareAuthorized50000000SharesIssued0Shares1`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued 1,000 shares	`PreferredStockSeriesCParValue100PerShareAuthorized1000SharesIssued1000Shares`	$1.00K	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued 1,000 shares	`PreferredStockSeriesCParValue100PerShareAuthorized1000SharesIssued1000Shares`	$1.00K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, 654,010,532 & 657,760,532 shares issued at March 31, 2014 & December 31, 2013	`CommonStockValue`	$65.40K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, 654,010,532 & 657,760,532 shares issued at March 31, 2014 & December 31, 2013	`CommonStockValue`	$65.78K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.16M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.17M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$7.61M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$4.09M	USD	1 Quarter
Revenues	`Revenues`	$659.79K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$-465.95K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$-2.78M	USD	1 Quarter
Gross Profit	`GrossProfit`	$193.84K	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.31M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$300.67K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$57.31K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$295.33K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$230.09K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$91.72K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$73.78K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$23.62K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$132.33K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$142.54K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$103.37K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$506.12K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$944.65K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-312.28K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$361.89K	USD	1 Quarter
Interest expense	`InterestExpense`	$-101.12K	USD	1 Quarter
Interest expense	`InterestExpense`	$-73.70K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-73.70K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-101.12K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-385.98K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$260.76K	USD	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	656.09M	shares	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	656.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	816.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	815.19M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`ProfitLoss`	$-385.98K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$260.76K	USD	1 Quarter
Stock issued for expenses	`StockIssuedForExpenses`	$-28.88K	USD	1 Quarter
Stock issued for expenses	`StockIssuedForExpenses`	$14.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$21.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$19.25K	USD	1 Quarter
Compensation expense from stock options	`StockOptionPlanExpense`	$10.12K	USD	1 Quarter
Compensation expense from stock options	`StockOptionPlanExpense`	$17.67K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.98M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.00M	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-3.73K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$87.10K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.95K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$731.14K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-33.83K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-10.11K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-838.14K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-839.37K	USD	1 Quarter
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$43.24K	USD	1 Quarter
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$20.13K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.14M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$889.31K	USD	1 Quarter
Investment	`PaymentsToAcquireInvestments`	$-500.00K	USD	1 Quarter
Investment	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Purchase of property and equipment	`WeightedAverageNumberOfSharesIssuedBasic`	-5,528.00	shares	1 Quarter
Purchase of property and equipment	`WeightedAverageNumberOfSharesIssuedBasic`	-10,406.00	shares	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.41K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-505.53K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$4.01M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.69M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-2.54M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-6.51M	USD	1 Quarter
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$865.00K	USD	1 Quarter
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-575.00K	USD	1 Quarter
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-624.08K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.12M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-552.48K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$15.29K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-168.70K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$242.56K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$436.59K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$451.88K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$411.26K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$242.56K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$436.59K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$451.88K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$411.26K	USD	Point-in-time
Interest	`InterestPaid`	$57.88K	USD	1 Quarter
Interest	`InterestPaid`	$2.98K	USD	1 Quarter
Franchise and income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Franchise and income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.