10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0000939802-15-000058`
Period End Date	20150930
Filing Date	20151116
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	capc-20150930.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`	$258.32K	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
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	`AccountsReceivableNet`	$977.60K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$7.55M	USD	Point-in-time
Advances	`AdvancesToAffiliate`	-	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, par value	`PreferredStockSeriesB1SharesParValue`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$128.98K	USD	Point-in-time
Inventory	`InventoryNet`	$90.65K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$729.36K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$358.05K	USD	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	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`	$8.63M	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 and software	`PropertyPlantAndEquipmentOtherNet`	$12.27K	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`	0.00	shares	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$19.77K	USD	Point-in-time
Common Stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Machinery and equipment	`MachineryAndEquipmentGross`	$350.39K	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
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	850.00M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	721.99M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-223.59K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-272.90K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	654.01M	shares	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$94.04K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$102.92K	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`	$4.34M	USD	Point-in-time
Total Assets	`Assets`	$11.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$644.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.81M	USD	Point-in-time
Note payable - Sterling Factors	`NotesPayableCurrent`	$4.18M	USD	Point-in-time
Note payable - Sterling Factors	`NotesPayableCurrent`	$286.94K	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`	$3.49M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.48M	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	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value $.0001 per share, authorized 50,000,000 shares, issued -0- shares	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued -0- shares at September 30, 2015 and 1,000 shares at December 31, 2014	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued -0- shares at September 30, 2015 and 1,000 shares at December 31, 2014	`PreferredStockSharesSubscribedButUnissuedValue`	$1.00K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, issued 721,989,957 shares at September 30, 2015 and 654,010,532 at December 31, 2014	`CommonStockValue`	$72.20K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, issued 721,989,957 shares at September 30, 2015 and 654,010,532 at December 31, 2014	`CommonStockValue`	$65.40K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.64M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.79M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.70M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.47M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$11.18M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$4.34M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$13.01M	USD	3 Qtrs
Revenues, net	`Revenues`	$7.75M	USD	1 Quarter
Revenues, net	`Revenues`	$8.75M	USD	3 Qtrs
Revenues, net	`Revenues`	$7.74M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-6.62M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-6.41M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$-5.77M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-10.23M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$2.78M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$1.98M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.12M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.34M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$185.23K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$81.08K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$455.08K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$16.72K	USD	1 Quarter
Compensation	`SalariesAndWages`	$1.05M	USD	3 Qtrs
Compensation	`SalariesAndWages`	$375.81K	USD	1 Quarter
Compensation	`SalariesAndWages`	$313.95K	USD	1 Quarter
Compensation	`SalariesAndWages`	$1.01M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$144.68K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$38.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$202.51K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$56.95K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$95.41K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$74.75K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$312.34K	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$181.16K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$455.24K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$407.11K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$158.80K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$168.26K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$759.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$621.16K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.41M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.98M	USD	3 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$357.40K	USD	3 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$363.38K	USD	3 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$1.36M	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$358.07K	USD	1 Quarter
Interest expense	`InterestExpense`	$-223.02K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-205.93K	USD	3 Qtrs
Interest expense	`InterestExpense`	$-69.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$-111.65K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-69.45K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-111.65K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-223.02K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-205.93K	USD	3 Qtrs
Income Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$1.25M	USD	1 Quarter
Income Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$288.62K	USD	1 Quarter
Income Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$140.37K	USD	3 Qtrs
Income Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$151.47K	USD	3 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$-2.13K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$-6.39K	USD	3 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income	`ProfitLoss`	$133.98K	USD	3 Qtrs
Net Income	`ProfitLoss`	$286.49K	USD	1 Quarter
Net Income	`ProfitLoss`	$1.25M	USD	1 Quarter
Net Income	`ProfitLoss`	$151.47K	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	655.05M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	721.99M	shares	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	654.01M	shares	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	690.86M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	721.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	809.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	809.76M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	690.86M	shares	3 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$151.47K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$133.98K	USD	3 Qtrs
Stock cancellation	`EstimateOfCancellations`	-	USD	3 Qtrs
Stock cancellation	`EstimateOfCancellations`	$-28.88K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$49.31K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$60.57K	USD	3 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$81.22K	USD	3 Qtrs
Compensation expense from stock options	`StockOptionPlanExpense`	$43.50K	USD	3 Qtrs
Accrued sales allowance	`SalesAllowancesGoods`	$517.27K	USD	3 Qtrs
Accrued sales allowance	`SalesAllowancesGoods`	$-196.98K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.19M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.38M	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$84.92K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$38.34K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$680.31K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-371.32K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-12.19K	USD	3 Qtrs
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$14.46K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$968.74K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.17M	USD	3 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$148.38K	USD	3 Qtrs
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$151.84K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.29M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.41M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-58.19K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-44.73K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.19K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.73K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$11.69M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$5.79M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-1.90M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-11.83M	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$2.50M	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$950.00K	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-1.10M	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$-2.29M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.49M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.30M	USD	3 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-55.53K	USD	3 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-118.86K	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$313.86K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$317.74K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$258.32K	USD	Point-in-time
Cash and Cash Equivalents at Beginning 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`	$317.74K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$258.32K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$436.59K	USD	Point-in-time
Interest	`InterestPaid`	$57.55K	USD	3 Qtrs
Interest	`InterestPaid`	$314.16K	USD	3 Qtrs
Conversion of Series C Preferred Stock to Common Stock	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$1.00K	USD	3 Qtrs
Conversion of Series C Preferred Stock to Common Stock	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	3 Qtrs

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