10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000939802-17-000079`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	capc-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 80 Cash Flow Statement 62

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.24M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$359.59K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$4.66M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$4.45M	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`	$142.06K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.13M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$330.02K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$349.41K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.39M	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`	$371.32K	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`	$304.18K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.47K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$92.58K	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`	-	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`	$1.95M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$2.48M	USD	Point-in-time
Total Assets	`Assets`	$10.43M	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`	$2.12M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$404.09K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$1.59K	USD	Point-in-time
Notes and loans payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$688.38K	USD	Point-in-time
Notes and loans payable to related parties	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.32M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.21M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$362.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$362.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.58M	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 47,046,364 shares and 48,132,664 shares	`CommonStockValue`	$4.81K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 47,046,364 shares and 48,132,664 shares	`CommonStockValue`	$4.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.98M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-123.46K	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`	$6.86M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$9.37M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.43M	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$30.79M	USD	3 Qtrs
Revenues, net	`Revenues`	$13.82M	USD	1 Quarter
Revenues, net	`Revenues`	$11.69M	USD	1 Quarter
Revenues, net	`Revenues`	$22.67M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$8.84M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$17.08M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$23.46M	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$10.71M	USD	1 Quarter
Gross Profit	`GrossProfit`	$5.59M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$7.33M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$2.85M	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.11M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.87M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$928.32K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$488.06K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$903.89K	USD	3 Qtrs
Compensation	`LaborAndRelatedExpense`	$949.75K	USD	3 Qtrs
Compensation	`LaborAndRelatedExpense`	$351.92K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$325.28K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$1.07M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$111.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$286.68K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$429.44K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$109.26K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$219.46K	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$227.55K	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$127.37K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$80.99K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$572.46K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$501.46K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$195.05K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$189.78K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.87M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.25M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$4.16M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.66M	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$2.72M	USD	3 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$3.18M	USD	3 Qtrs
Net Operating Income	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Net Operating Income	`OperatingIncomeLoss`	$1.60M	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$13.66K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$-12.95K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$13.66K	USD	3 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$56.51K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.43K	USD	3 Qtrs
Interest expense	`InterestExpense`	$227.52K	USD	3 Qtrs
Interest expense	`InterestExpense`	$103.36K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-113.43K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-213.86K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-69.46K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-89.70K	USD	1 Quarter
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.51M	USD	1 Quarter
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.38M	USD	1 Quarter
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.06M	USD	3 Qtrs
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$2.51M	USD	3 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$24.41K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$37.01K	USD	3 Qtrs
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$390.00K	USD	1 Quarter
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$920.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$2.47M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$990.53K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.14M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.05	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.99M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.32M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.46M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.47M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$1.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$990.53K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.14M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$44.40K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$55.73K	USD	3 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-26.89K	USD	3 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$13.65K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$66.59K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$46.58K	USD	3 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$146.00K	USD	3 Qtrs
Accrued sales allowance	`AccruedSalesAllowance`	$-94.20K	USD	3 Qtrs
Accrued sales allowance	`AccruedSalesAllowance`	$-831.73K	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$6.76M	USD	3 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-731.53K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$275.05K	USD	3 Qtrs
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-224.26K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$20.81K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-43.76K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$958.58K	USD	3 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-263.91K	USD	3 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-168.49K	USD	3 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-135.34K	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.14M	USD	3 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.74M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.50K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.59K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.59K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.50K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$19.39M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$30.56M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$30.56M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$15.05M	USD	3 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$250.00K	USD	3 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$7.50K	USD	3 Qtrs
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Warrant issued	`ProceedsFromIssuanceOfWarrants`	-	USD	3 Qtrs
Warrant issued	`ProceedsFromIssuanceOfWarrants`	$860.00K	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$257.10K	USD	3 Qtrs
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$1.45M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.75M	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-499.60K	USD	3 Qtrs
Net Increase (decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.59M	USD	3 Qtrs
Net Increase (decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.13K	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	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`	$3.24M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$359.59K	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`	$1.65M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.24M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$359.59K	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$221.88K	USD	3 Qtrs
Cash paid during the period for: Interest	`InterestPaidNet`	$396.01K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$31.91K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$371.50K	USD	3 Qtrs
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	3 Qtrs
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$500.00K	USD	3 Qtrs
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	-	USD	3 Qtrs
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	$240.90K	USD	3 Qtrs

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