10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000939802-17-000043`
Period End Date	20170331
Filing Date	20170515
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	capc-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 86 Income Statement 40 Cash Flow Statement 54

Balance Sheet 86 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`	$1.65M	USD	Point-in-time
Preferred Stock, Series A, shares authorized	`PreferredStockSharesAuthorized`	6.67M	shares	Point-in-time
Cash	`Cash`	$1.18M	USD	Point-in-time
Preferred Stock, Series A, shares authorized	`PreferredStockSharesAuthorized`	6.67M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$4.45M	USD	Point-in-time
Preferred Stock, Series A, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$5.73M	USD	Point-in-time
Preferred Stock, Series A, shares issued	`PreferredStockSharesIssued`	0.00	shares	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`	$366.33K	USD	Point-in-time
Inventory	`InventoryNet`	$514.20K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$330.02K	USD	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	3.33M	shares	Point-in-time
Preferred Stock, Series B-1, shares authorized	`PreferredStockSeriesB1SharesAuthorized`	3.33M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$544.38K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.79M	USD	Point-in-time
Preferred Stock, Series B-1, shares issued	`PreferredStockSeriesB1SharesIssued`	0.00	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.97M	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
Computer equipment and software	`PropertyPlantAndEquipmentOtherNet`	$19.77K	USD	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	67.00	shares	Point-in-time
Preferred Stock, Series C, shares authorized	`PreferredStockSeriesCSharesAuthorized`	67.00	shares	Point-in-time
Preferred Stock, Series C, shares issued	`PreferredStockSeriesCSharesIssued`	0.00	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$325.75K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$339.18K	USD	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
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	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
Common Stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-267.96K	USD	Point-in-time
Common Stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$-250.47K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	47.13M	shares	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$100.72K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$96.66K	USD	Point-in-time
Common Stock, shares issued	`CommonStockSharesIssued`	48.13M	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$12.19K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$12.19K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$539.83K	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$526.89K	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`	$2.48M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.49M	USD	Point-in-time
Total Assets	`Assets`	$10.55M	USD	Point-in-time
Total Assets	`Assets`	$9.37M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.68M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.73M	USD	Point-in-time
Income tax payable	`IncomeTaxPayable`	$1.59K	USD	Point-in-time
Income tax payable	`IncomeTaxPayable`	$1.59K	USD	Point-in-time
Notes and loans payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.32M	USD	Point-in-time
Notes and loans payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.94M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$344.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$344.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.28M	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 6,666,667 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 6,666,667 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued -0- shares	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued -0- shares	`PreferredStockSharesSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockSharesSubscribedButUnissuedValue`	-	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 47,132,664 shares and 48,132,664 shares	`CommonStockValue`	$4.71K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 47,132,664 shares and 48,132,664 shares	`CommonStockValue`	$4.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.27M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.15M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.27M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.55M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.37M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$2.08M	USD	1 Quarter
Revenues, net	`Revenues`	$6.75M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-5.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$-1.46M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.58M	USD	1 Quarter
Gross Profit	`GrossProfit`	$613.56K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$62.98K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$376.76K	USD	1 Quarter
Compensation	`SalariesAndWages`	$359.80K	USD	1 Quarter
Compensation	`SalariesAndWages`	$308.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$104.28K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$204.80K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$36.27K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$72.03K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$142.75K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$178.62K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.19M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$654.75K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$387.46K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-41.19K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.95K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$-21.73K	USD	1 Quarter
Interest expense	`InterestExpense`	$-57.74K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-8.79K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-57.74K	USD	1 Quarter
Income (Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-98.93K	USD	1 Quarter
Income (Loss) Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$378.68K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-98.93K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$250.68K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.62M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.13M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.88M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-98.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$250.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$17.50K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$14.06K	USD	1 Quarter
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-12.95K	USD	1 Quarter
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	1 Quarter
Stock based compensation expense	`StockOptionPlanExpense`	$14.25K	USD	1 Quarter
Stock based compensation expense	`StockOptionPlanExpense`	$20.48K	USD	1 Quarter
Provision for deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	1 Quarter
Provision for deferred income tax	`IncreaseDecreaseInDeferredIncomeTaxes`	$128.00K	USD	1 Quarter
Accrued sales allowance	`SalesAllowancesGoods`	$-94.20K	USD	1 Quarter
Accrued sales allowance	`SalesAllowancesGoods`	$207.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.84M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.54M	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-26.67K	USD	1 Quarter
(Increase) in inventory	`IncreaseDecreaseInInventories`	$-147.87K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-38.06K	USD	1 Quarter
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-214.36K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.10M	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.86M	USD	1 Quarter
Increase in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-18.25K	USD	1 Quarter
Increase in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$31.28K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-206.25K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.77M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-13.43K	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`	$-13.43K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$5.28M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$3.64M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-5.28M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$-5.56M	USD	1 Quarter
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$-150.00K	USD	1 Quarter
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	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`	-	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`	$-100.00K	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.67M	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-250.00K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$98.90K	USD	1 Quarter
Net (Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-469.69K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$463.62K	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and Cash Equivalents at Beginning 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`	$1.18M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Interest	`InterestPaid`	$60.30K	USD	1 Quarter
Interest	`InterestPaid`	$39.98K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$7.50K	USD	1 Quarter

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