10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0000939802-14-000069`
Period End Date	20140630
Filing Date	20140812
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	capc-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 59 Cash Flow Statement 46

Balance Sheet 78 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`	$455.96K	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
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`	$846.43K	USD	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
Inventory	`InventoryNet`	$279.77K	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
Deposit	`DepositAssets`	$97.91K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, Series C, par value	`PreferredStockSeriesCParValue`	$1.00	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$1.08M	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$738.67K	USD	Point-in-time
Preferred Stock, Series C, par value	`PreferredStockSeriesCParValue`	$1.00	USD	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.42M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.74M	USD	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`	$12.27K	USD	Point-in-time
Computer equipment & software	`PropertyPlantAndEquipmentOtherNet`	$66.45K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$245.12K	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
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	657.76M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	654.01M	shares	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$192.11K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$661.21K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$70.95K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
Product development costs - net	`IntangibleAssetsNetExcludingGoodwill`	$9.83K	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`	$4.94M	USD	Point-in-time
Total Assets	`Assets`	$11.28M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.93M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.19K	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$4.24M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.22M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.19M	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
Total Liabilities	`Liabilities`	$9.39M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.19M	USD	Point-in-time
Commitments and Contingent Liablities (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingent Liablities (Note 5)	`CommitmentsAndContingencies`	-	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 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 June 30 , 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 June 30 , 2014 & December 31, 2013	`CommonStockValue`	$65.78K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.74M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.94M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.28M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$1.03M	USD	1 Quarter
Revenues	`Revenues`	$5.27M	USD	2 Qtrs
Revenues	`Revenues`	$1.69M	USD	2 Qtrs
Revenues	`Revenues`	$1.18M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$3.61M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$828.54K	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$1.30M	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	$830.17K	USD	1 Quarter
Gross Profit	`GrossProfit`	$352.84K	USD	1 Quarter
Gross Profit	`GrossProfit`	$196.95K	USD	1 Quarter
Gross Profit	`GrossProfit`	$390.79K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$1.66M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$73.33K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$374.00K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$109.30K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$166.61K	USD	2 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$468.79K	USD	2 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$374.80K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$238.69K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$670.13K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$205.46K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$106.03K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$32.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$113.73K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$60.39K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$216.93K	USD	2 Qtrs
Product Development	`ResearchAndDevelopmentExpense`	$84.01K	USD	2 Qtrs
Product Development	`ResearchAndDevelopmentExpense`	$84.60K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$195.57K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$286.98K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$144.44K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$92.21K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.65M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$709.42K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$614.32K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.12M	USD	2 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-417.37K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-729.65K	USD	2 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$5.31K	USD	2 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-356.58K	USD	1 Quarter
Interest expense	`InterestExpense`	$-81.38K	USD	1 Quarter
Interest expense	`InterestExpense`	$-153.57K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-155.09K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-52.45K	USD	1 Quarter
Estimated Income Tax Paid Current	`IncomeTaxesPaid`	$-4.26K	USD	2 Qtrs
Estimated Income Tax Paid Current	`IncomeTaxesPaid`	$-4.26K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-157.83K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-155.09K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-81.38K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-56.70K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-413.28K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-498.75K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-884.73K	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$-152.51K	USD	2 Qtrs
Income (Loss) per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Shares Outstanding Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	657.24M	shares	2 Qtrs
Weighted Average Shares Outstanding Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	654.01M	shares	1 Quarter
Weighted Average Shares Outstanding Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	657.76M	shares	1 Quarter
Weighted Average Shares Outstanding Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	655.05M	shares	2 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-152.51K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-884.73K	USD	2 Qtrs
Stock issued for expenses	`StockIssuedForExpenses`	$-28.88K	USD	2 Qtrs
Stock issued for expenses	`StockIssuedForExpenses`	$14.06K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$39.91K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$45.41K	USD	2 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$20.25K	USD	2 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$35.34K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.08M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.63M	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$37.66K	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$18.33K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-614.65K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$344.12K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-97.91K	USD	2 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-23.37K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.57M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-598.11K	USD	2 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$96.33K	USD	2 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$98.03K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.77M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-280.88K	USD	2 Qtrs
Investment	`PaymentsToAcquireInvestments`	$500.00K	USD	2 Qtrs
Purchase of property and equipment	`WeightedAverageNumberOfSharesIssuedBasic`	-23,028.00	shares	2 Qtrs
Purchase of property and equipment	`WeightedAverageNumberOfSharesIssuedBasic`	-7,195.00	shares	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-507.19K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.03K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.39M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$2.20M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$3.15M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$10.62M	USD	2 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$950.00K	USD	2 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$2.53M	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$575.00K	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$1.44M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.73M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.01M	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.37K	USD	2 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$217.00K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtBeginningOfPeriod1`	$411.26K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtBeginningOfPeriod1`	$436.59K	USD	2 Qtrs
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtEndOfPeriod`	$455.96K	USD	2 Qtrs
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtEndOfPeriod`	$628.26K	USD	2 Qtrs
Interest	`InterestPaid`	$274.89K	USD	2 Qtrs
Interest	`InterestPaid`	$31.60K	USD	2 Qtrs
Franchise and income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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