10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0000939802-14-000098`
Period End Date	20140930
Filing Date	20141114
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	capc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 66 Cash Flow Statement 46

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
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
Cash	`Cash`	$436.59K	USD	Point-in-time
Cash	`Cash`	$317.74K	USD	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$6.93M	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
Accounts receivable - net	`AccountsReceivableNetCurrent`	$7.60M	USD	Point-in-time
Preferred Stock, Series B-1, shares par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$213.18K	USD	Point-in-time
Inventory	`InventoryNet`	$298.10K	USD	Point-in-time
Preferred Stock, Series B-1, shares par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Deposit	`DepositAssets`	$12.19K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued1`	0.00	shares	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued1`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$402.48K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$1.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.74M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.54M	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
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
Computer equipment & software	`PropertyPlantAndEquipmentOtherNet`	$66.45K	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
Computer equipment & software	`PropertyPlantAndEquipmentOtherNet`	$12.27K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$266.82K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$667.10K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	850.00M	shares	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`	655.89M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	657.76M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-661.21K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-207.85K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$78.00K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$76.91K	USD	Point-in-time
Product development costs - net	`IntangibleAssetsNetExcludingGoodwill`	$19.66K	USD	Point-in-time
Product development costs - net	`IntangibleAssetsNetExcludingGoodwill`	$4.92K	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`	$2.44M	USD	Point-in-time
Total Assets	`Assets`	$11.28M	USD	Point-in-time
Total Assets	`Assets`	$11.06M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.93M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.90M	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$4.24M	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$4.09M	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`	$2.03M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.02M	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`	$9.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.39M	USD	Point-in-time
Commitments and Contingent Liablities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingent Liablities	`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 September 30, 2014 & December 31, 2013	`CommonStockValue`	$65.78K	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 September 30, 2014 & December 31, 2013	`CommonStockValue`	$65.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.22M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.04M	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`	$11.06M	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.65M	USD	1 Quarter
Revenues	`Revenues`	$7.34M	USD	3 Qtrs
Revenues	`Revenues`	$7.74M	USD	1 Quarter
Revenues	`Revenues`	$13.01M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	$4.10M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$6.62M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$10.23M	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	$5.40M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.94M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$2.78M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.12M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.55M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$43.61K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$210.22K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$455.08K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$81.08K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$1.05M	USD	3 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$690.70K	USD	3 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$221.91K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$375.81K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$64.22K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$38.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$269.68K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$144.68K	USD	3 Qtrs
Product Development	`ResearchAndDevelopmentExpense`	$95.41K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$157.59K	USD	3 Qtrs
Product Development	`ResearchAndDevelopmentExpense`	$73.58K	USD	1 Quarter
Product Development	`ResearchAndDevelopmentExpense`	$312.34K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$455.24K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$108.04K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$168.26K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$303.61K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$759.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.41M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.63M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$511.36K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$358.07K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$363.38K	USD	3 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$310.05K	USD	3 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$1.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$-69.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$-265.71K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-223.02K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-110.62K	USD	1 Quarter
Estimated Income Tax Paid Current	`IncomeTaxesPaid`	$-2.13K	USD	1 Quarter
Estimated Income Tax Paid Current	`IncomeTaxesPaid`	$-6.39K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-265.71K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-229.41K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-71.58K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-110.62K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$929.07K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$286.49K	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$44.34K	USD	3 Qtrs
Net Income (Loss)	`ProfitLoss`	$133.98K	USD	3 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	3 Qtrs
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	657.76M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	655.05M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	657.42M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	654.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	809.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	813.71M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	813.36M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	809.76M	shares	3 Qtrs

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$44.34K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$133.98K	USD	3 Qtrs
Stock issued for expenses	`StockIssuedForExpenses`	$-28.88K	USD	3 Qtrs
Stock issued for expenses	`StockIssuedForExpenses`	$14.06K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$70.58K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$60.57K	USD	3 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$20.25K	USD	3 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$43.50K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-618.77K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-671.88K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$84.92K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$37.26K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.06M	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$680.31K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.19K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-23.97K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$376.59K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$968.74K	USD	3 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$151.84K	USD	3 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$129.45K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.01M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.41M	USD	3 Qtrs
Investment	`PaymentsToAcquireInvestments`	$-500.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-44.73K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-12.70K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.73K	USD	3 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-512.70K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.20M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$11.69M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-6.37M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-11.83M	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$950.00K	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$3.92M	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-2.33M	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-2.29M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.42M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.49M	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-103.55K	USD	3 Qtrs
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.86K	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtBeginningOfPeriod1`	$436.59K	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtBeginningOfPeriod1`	$411.26K	USD	3 Qtrs
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtEndOfPeriod`	$307.71K	USD	3 Qtrs
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtEndOfPeriod`	$317.74K	USD	3 Qtrs
Interest	`InterestPaid`	$314.16K	USD	3 Qtrs
Interest	`InterestPaid`	$109.12K	USD	3 Qtrs
Franchise and income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs

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