10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000939802-17-000055`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	capc-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 80 Cash Flow Statement 60

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$340.42K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$4.45M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$4.86M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventory	`InventoryNet`	$366.33K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventory	`InventoryNet`	$267.27K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$330.02K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.13M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.47M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.66M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.79M	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOther`	$19.77K	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOther`	$19.77K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$340.53K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$325.75K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$286.02K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.47K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$79.95K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$100.72K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$12.19K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$13.62K	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`	$2.49M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.48M	USD	Point-in-time
Total Assets	`Assets`	$10.23M	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`	$2.71M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.59K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$22.09K	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`	$1.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.78M	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`	$354.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$354.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.14M	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 6,666,667 shares, issued -0- shares; Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued -0- shares; Preferred Stock, Series C, par value $1.00 per share, authorized 67 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; Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued -0- shares; Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 46,466,952 shares and 48,132,664 shares	`CommonStockValue`	$4.65K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 46,466,952 shares and 48,132,664 shares	`CommonStockValue`	$4.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.41M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.11M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.15M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.23M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.37M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$8.90M	USD	1 Quarter
Revenues, net	`Revenues`	$16.97M	USD	2 Qtrs
Revenues, net	`Revenues`	$10.22M	USD	1 Quarter
Revenues, net	`Revenues`	$10.98M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$12.75M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$8.24M	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$7.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$6.77M	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.22M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$2.74M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$2.64M	USD	1 Quarter
Gross Profit	`GrossProfit`	$2.13M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$564.52K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$352.85K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$941.27K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$415.83K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$624.47K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$353.90K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$316.01K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$713.71K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$71.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$115.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$175.34K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$320.18K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$100.18K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$66.45K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$63.91K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$138.47K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$382.68K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$306.41K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$204.06K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$163.66K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.50M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.30M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.62M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$967.49K	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$1.34M	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$1.12M	USD	2 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$1.16M	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$1.73M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$12.95K	USD	2 Qtrs
Interest expense	`InterestExpense`	$56.92K	USD	2 Qtrs
Interest expense	`InterestExpense`	$66.42K	USD	1 Quarter
Interest expense	`InterestExpense`	$35.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$124.16K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-124.16K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-43.97K	USD	2 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-66.42K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-35.19K	USD	1 Quarter
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.30M	USD	1 Quarter
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$995.88K	USD	2 Qtrs
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.68M	USD	2 Qtrs
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.09M	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$530.00K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$12.60K	USD	2 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$12.60K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$901.36K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$983.28K	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.29M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.47M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.06M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.29M	shares	2 Qtrs

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$901.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$983.28K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.08M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$28.29K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$35.55K	USD	2 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$12.95K	USD	2 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$28.50K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$14.25K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$40.95K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$20.48K	USD	1 Quarter
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$138.00K	USD	2 Qtrs
Accrued sales allowance	`AccruedSalesAllowance`	$65.63K	USD	2 Qtrs
Accrued sales allowance	`AccruedSalesAllowance`	$-20.85K	USD	2 Qtrs
Increase decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$450.71K	USD	2 Qtrs
Increase decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.41M	USD	2 Qtrs
Increase decrease in inventory	`IncreaseDecreaseInInventories`	$413.29K	USD	2 Qtrs
Increase decrease in inventory	`IncreaseDecreaseInInventories`	$-99.06K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.03M	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$142.00K	USD	2 Qtrs
Increase decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$166.45K	USD	2 Qtrs
Increase decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$111.95K	USD	2 Qtrs
Increase decrease in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$70.51K	USD	2 Qtrs
Increase decrease in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-44.84K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.62M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.65K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.78K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.70K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.78K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.70K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$16.57M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$9.86M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$8.14M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$16.57M	USD	2 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$250.00K	USD	2 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$860.00K	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$223.00K	USD	2 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$978.85K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-473.00K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.60M	USD	2 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-24.30K	USD	2 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-472.13K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.17M	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`	$340.42K	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`	$1.17M	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`	$340.42K	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaid`	$101.75K	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaid`	$97.49K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$7.50K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$371.50K	USD	2 Qtrs
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	2 Qtrs
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$500.00K	USD	2 Qtrs

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