10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0000939802-15-000043`
Period End Date	20150630
Filing Date	20150814
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	capc-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 76 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`	$807.47K	USD	Point-in-time
Cash	`Cash`	$313.86K	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`	$186.48K	USD	Point-in-time
Accounts receivable - net	`AccountsReceivableNetCurrent`	$977.60K	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
Advances	`AdvancesToAffiliate`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Advances	`AdvancesToAffiliate`	$14.46K	USD	Point-in-time
Preferred Stock, Series B-1, par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$194.98K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	50.00M	shares	Point-in-time
Inventory	`InventoryNet`	$128.98K	USD	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$358.05K	USD	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$1.61M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.79M	USD	Point-in-time
Preferred Stock, Series C, par value	`PreferredStockSeriesCParValue`	$1.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.80M	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
Preferred Stock, Series C, shares issued	`PreferredStockSeriesCSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series C, shares issued	`PreferredStockSeriesCSharesIssued`	1,000.00	shares	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$12.27K	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$15.61K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$333.39K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$299.69K	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
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	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
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-223.59K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	654.01M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	721.99M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-252.83K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$101.84K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$94.04K	USD	Point-in-time
Deposit	`Deposits`	$12.19K	USD	Point-in-time
Deposit	`Deposits`	$12.19K	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`	$2.45M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.45M	USD	Point-in-time
Total Assets	`Assets`	$5.35M	USD	Point-in-time
Total Assets	`Assets`	$4.34M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$644.63K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$416.37K	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$286.94K	USD	Point-in-time
Note payable - Sterling Factors	`NotePayableSterlingFactors`	$184.12K	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.94M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$4.32M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.92M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.87M	USD	Point-in-time
Commitments and Contingent Liabilities (Note 5)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingent Liabilities (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 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 -0- shares at June 30, 2015 and 1,000 shares at December 31, 2014	`PreferredStockSeriesCParValue100PerShareAuthorized1000SharesIssued0SharesAtJune302015And1000SharesAtDecember312014`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued -0- shares at June 30, 2015 and 1,000 shares at December 31, 2014	`PreferredStockSeriesCParValue100PerShareAuthorized1000SharesIssued0SharesAtJune302015And1000SharesAtDecember312014`	$1.00K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, issued 721,989,957 shares at June 30, 2015 and 654,010,532 at December 31, 2014	`CommonStockValue`	$65.40K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, issued 721,989,957 shares at June 30, 2015 and 654,010,532 at December 31, 2014	`CommonStockValue`	$66.08K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.19M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.79M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.88M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$429.94K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.34M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.35M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$289.98K	USD	1 Quarter
Revenues, net	`Revenues`	$1.00M	USD	2 Qtrs
Revenues, net	`Revenues`	$1.18M	USD	1 Quarter
Revenues, net	`Revenues`	$5.27M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$-3.61M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$-642.89K	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$-236.72K	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-828.54K	USD	1 Quarter
Gross Profit	`GrossProfit`	$53.26K	USD	1 Quarter
Gross Profit	`GrossProfit`	$360.61K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$1.66M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$352.84K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$73.33K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$374.00K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$131.84K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$168.51K	USD	2 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$670.13K	USD	2 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$693.39K	USD	2 Qtrs
Compensation	`SalariesWagesAndOfficersCompensation`	$374.80K	USD	1 Quarter
Compensation	`SalariesWagesAndOfficersCompensation`	$332.28K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$32.24K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$49.39K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$145.56K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$106.03K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$84.60K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$106.41K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$60.75K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$216.93K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$248.32K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$144.44K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$126.96K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$286.98K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$709.42K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.65M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.36M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$701.23K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$5.31K	USD	2 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-647.97K	USD	1 Quarter
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-1.00M	USD	2 Qtrs
Net Operating Income (Loss)	`OperatingIncomeLoss`	$-356.58K	USD	1 Quarter
Interest expense	`InterestExpense`	$-94.28K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-153.57K	USD	2 Qtrs
Interest expense	`InterestExpense`	$-52.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$-57.12K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-94.28K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-57.12K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-153.57K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-52.45K	USD	1 Quarter
(Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-409.02K	USD	1 Quarter
(Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-705.09K	USD	1 Quarter
(Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	2 Qtrs
(Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-148.26K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$-4.26K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$-4.26K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-705.09K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-1.10M	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-152.51K	USD	2 Qtrs
Net (Loss)	`NetIncomeLoss`	$-413.28K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	696.59M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	655.05M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	675.04M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesIssuedBasic`	654.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	675.04M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	654.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	655.05M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	696.59M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$-152.51K	USD	2 Qtrs
Net (Loss)	`ProfitLoss`	$-1.10M	USD	2 Qtrs
Stock cancellation	`StockCancellation`	-	USD	2 Qtrs
Stock cancellation	`StockCancellation`	$-28.88K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$29.24K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$39.91K	USD	2 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$35.34K	USD	2 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$58.87K	USD	2 Qtrs
Accrued sales allowance	`SalesAllowancesGoods`	$-36.51K	USD	2 Qtrs
Accrued sales allowance	`SalesAllowancesGoods`	$-196.98K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.12M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$988.09K	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-65.99K	USD	2 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$18.33K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.25M	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`	$14.46K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-228.26K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.57M	USD	2 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$98.03K	USD	2 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$81.50K	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`	$-1.67M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-37.04K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-23.03K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-37.04K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.03K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$1.59M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.39M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-1.69M	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`	$2.50M	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-1.44M	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-200.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.20M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.73M	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$493.61K	USD	2 Qtrs
Net Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.37K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$436.59K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$313.86K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$455.96K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$807.47K	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`	$313.86K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$455.96K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$807.47K	USD	Point-in-time
Interest	`InterestPaid`	$274.89K	USD	2 Qtrs
Interest	`InterestPaid`	$12.78K	USD	2 Qtrs
Conversion of Series C Preferred Stock to Common Stock	`ConversionOfSeriesCPreferredStockToCommonStock`	$1.00K	USD	2 Qtrs
Conversion of Series C Preferred Stock to Common Stock	`ConversionOfSeriesCPreferredStockToCommonStock`	-	USD	2 Qtrs

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