10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0000939802-16-000112`
Period End Date	20160331
Filing Date	20160516
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	capc-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 38 Cash Flow Statement 50

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`	$463.62K	USD	Point-in-time
Preferred Stock Series A shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Cash	`Cash`	$364.71K	USD	Point-in-time
Preferred Stock Series A shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$1.39M	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	`AccountsReceivableNet`	$5.08M	USD	Point-in-time
Inventory	`InventoryNet`	$232.38K	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`	$205.71K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$566.46K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$604.52K	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
Total Current Assets	`AssetsCurrent`	$6.21M	USD	Point-in-time
Preferred Stock Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.69M	USD	Point-in-time
Preferred Stock Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	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
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$19.77K	USD	Point-in-time
Preferred Stock Series C shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$19.77K	USD	Point-in-time
Preferred Stock Series C shares authorized	`PreferredStockSeriesCSharesAuthorized`	1,000.00	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$385.33K	USD	Point-in-time
Preferred Stock Series C, shares issued	`PreferredStockSeriesCSharesIssued`	0.00	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$380.63K	USD	Point-in-time
Preferred Stock Series C, shares issued	`PreferredStockSeriesCSharesIssued`	0.00	shares	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$309.24K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$295.18K	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
Common Stock, shares issued	`CommonStockSharesIssued`	721.99M	shares	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	721.99M	shares	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$101.52K	USD	Point-in-time
Total Fixed Assets	`AssetsNoncurrent`	$110.89K	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`	$5.24M	USD	Point-in-time
Total Assets	`Assets`	$8.77M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.16M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$363.45K	USD	Point-in-time
Income tax payable	`IncomeTaxPayable`	-	USD	Point-in-time
Income tax payable	`IncomeTaxPayable`	$7.50K	USD	Point-in-time
Note payable - Sterling National	`NotesPayableCurrent`	$2.28M	USD	Point-in-time
Note payable - Sterling National	`NotesPayableCurrent`	$354.70K	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.06M	USD	Point-in-time
Notes and loans payable to related parties - current maturities	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.35M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$6.51M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.06M	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 March 31, 2016 and at December 31, 2015	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 1,000 shares, issued -0- shares at March 31, 2016 and at December 31, 2015	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 850,000,000 shares, issued 721,989,957 shares at March 31, 2016 and at December 31, 2015	`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 March 31, 2016 and at December 31, 2015	`CommonStockValue`	$72.20K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.18M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.26M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.24M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.77M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$713.52K	USD	1 Quarter
Revenues, net	`Revenues`	$2.08M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.46M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$406.17K	USD	1 Quarter
Gross Profit	`GrossProfit`	$307.35K	USD	1 Quarter
Gross Profit	`GrossProfit`	$613.56K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$36.67K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$62.98K	USD	1 Quarter
Compensation	`SalariesAndWages`	$308.46K	USD	1 Quarter
Compensation	`SalariesAndWages`	$361.11K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$96.17K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$104.28K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$45.66K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$36.27K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$142.75K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$121.36K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$654.75K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$660.97K	USD	1 Quarter
Net Operating (Loss)	`OperatingIncomeLoss`	$-353.62K	USD	1 Quarter
Net Operating (Loss)	`OperatingIncomeLoss`	$-41.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$37.16K	USD	1 Quarter
Interest expense	`InterestExpense`	$57.74K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-37.16K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-57.74K	USD	1 Quarter
(Loss) Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$-98.93K	USD	1 Quarter
(Loss) Before Tax Provision	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$-390.77K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-98.93K	USD	1 Quarter
Net (Loss)	`NetIncomeLoss`	$-390.77K	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Basic	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Diluted	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	654.01M	shares	1 Quarter
Basic	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	721.99M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	654.01M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	721.99M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)	`ProfitLoss`	$-390.77K	USD	1 Quarter
Net (Loss)	`ProfitLoss`	$-98.93K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$14.06K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$12.69K	USD	1 Quarter
Stock based compensation expense	`StockOptionPlanExpense`	$29.43K	USD	1 Quarter
Stock based compensation expense	`StockOptionPlanExpense`	$14.25K	USD	1 Quarter
Accrued sales allowance	`SalesAllowancesGoods`	$-94.20K	USD	1 Quarter
Accrued sales allowance	`SalesAllowancesGoods`	$-181.98K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$747.01K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.84M	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-57.47K	USD	1 Quarter
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-26.67K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-38.06K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-12.08K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$14.46K	USD	1 Quarter
(Increase) decrease in other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	-	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$82.31K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.86M	USD	1 Quarter
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$34.69K	USD	1 Quarter
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$31.28K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$278.29K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.28K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.70K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70K	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.28K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$607.28K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$3.64M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$1.25M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$5.56M	USD	1 Quarter
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$360.00K	USD	1 Quarter
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$200.00K	USD	1 Quarter
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$108.85K	USD	1 Quarter
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-442.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.67M	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.90K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-165.99K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$313.86K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$463.62K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$147.87K	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`	$364.71K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$463.62K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$147.87K	USD	Point-in-time
Interest	`InterestPaid`	$60.30K	USD	1 Quarter
Interest	`InterestPaid`	$2.46K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$7.50K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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