10-K Filing

CAPSTONE COMPANIES, INC. CIK: 814926 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0000939802-18-000024`
Period End Date	20171231
Filing Date	20180328
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	capc-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 40 Cash Flow Statement 64 Stockholders Equity 18

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	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
Accounts receivable, net	`AccountsReceivableNet`	$4.37M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventory	`InventoryNet`	$140.63K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventory	`InventoryNet`	$366.33K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.13M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$330.02K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$239.15K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.42M	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`	$9.89K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$318.80K	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`	$267.00K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.47K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$100.72K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$67.36K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$13.62K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$12.19K	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`	$2.48M	USD	Point-in-time
Total Other Non-current Assets	`OtherAssetsNoncurrent`	$1.95M	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`	$2.73M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$624.78K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$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`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.00M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$216.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$4.22M	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 and 48,132,664 shares	`CommonStockValue`	$4.70K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 47,046,364 and 48,132,664 shares	`CommonStockValue`	$4.81K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.85K	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`	$2.26M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.82M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.43M	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`	$30.63M	USD	Annual
Revenues, net	`Revenues`	$36.75M	USD	Annual
Cost of sales	`CostOfGoodsSold`	$23.23M	USD	Annual
Cost of sales	`CostOfGoodsSold`	$27.91M	USD	Annual
Gross Profit	`GrossProfit`	$8.84M	USD	Annual
Gross Profit	`GrossProfit`	$7.40M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$1.22M	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$2.27M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$1.43M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$1.61M	USD	Annual
Professional fees	`ProfessionalFees`	$365.40K	USD	Annual
Professional fees	`ProfessionalFees`	$549.84K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$326.82K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$376.98K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$704.96K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$805.08K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$4.06M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$5.61M	USD	Annual
Operating Income	`OperatingIncomeLoss`	$3.34M	USD	Annual
Operating Income	`OperatingIncomeLoss`	$3.23M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$26.90K	USD	Annual
Interest income	`InterestIncomeExpenseNet`	-	USD	Annual
Interest expense	`InterestExpense`	$122.09K	USD	Annual
Interest expense	`InterestExpense`	$281.45K	USD	Annual
Total Other (Expense)	`NonoperatingIncomeExpense`	$-122.09K	USD	Annual
Total Other (Expense)	`NonoperatingIncomeExpense`	$-254.55K	USD	Annual
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.11M	USD	Annual
Income Before Tax Provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.09M	USD	Annual
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$267.00K	USD	Annual
Provision for Income Tax	`IncomeTaxExpenseBenefit`	$1.03M	USD	Annual
Net Income	`NetIncomeLoss`	$2.08M	USD	Annual
Net Income	`NetIncomeLoss`	$2.82M	USD	Annual
Basic	`EarningsPerShareBasic`	$0.06	USD	Annual
Basic	`EarningsPerShareBasic`	$0.04	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.06	USD	Annual
Diluted	`EarningsPerShareDiluted`	$0.04	USD	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.01M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	48.13M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.19M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.34M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.08M	USD	Annual
Net income	`NetIncomeLoss`	$2.82M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$63.68K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$80.94K	USD	Annual
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-26.89K	USD	Annual
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$26.89K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$95.47K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$67.06K	USD	Annual
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$35.00K	USD	Annual
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$216.00K	USD	Annual
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$-1.01M	USD	Annual
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$527.50K	USD	Annual
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-100.50K	USD	Annual
Decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.09M	USD	Annual
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$160.62K	USD	Annual
(Increase) decrease in inventory	`IncreaseDecreaseInInventories`	$-225.70K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-90.87K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-236.44K	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	-	USD	Annual
(Increase) in other assets	`IncreaseDecreaseInOtherOperatingAssets`	$1.42K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$513.93K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$55.31K	USD	Annual
Increase (decrease) in accrued income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-5.91K	USD	Annual
Increase (decrease) in accrued income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$623.19K	USD	Annual
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$56.55K	USD	Annual
Increase (decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-148.37K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.45M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.20M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.59K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$53.51K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.59K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-53.51K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$27.86M	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$30.56M	USD	Annual
Repayments of notes payable	`RepaymentsOfNotesPayable`	$30.56M	USD	Annual
Repayments of notes payable	`RepaymentsOfNotesPayable`	$30.13M	USD	Annual
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$250.00K	USD	Annual
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Warrants issued	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Warrants issued	`ProceedsFromIssuanceOfWarrants`	$7.50K	USD	Annual
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	$860.00K	USD	Annual
Proceeds from notes and loans payable to related parties	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$1.45M	USD	Annual
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	$1.14M	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.38M	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.87M	USD	Annual
Net increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.28M	USD	Annual
Net increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.02M	USD	Annual
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash and Cash Equivalents at End of Year	`CashAndCashEquivalentsAtCarryingValue`	$364.71K	USD	Point-in-time
Cash paid during the year for: Interest	`InterestPaidNet`	$429.81K	USD	Annual
Cash paid during the year for: Interest	`InterestPaidNet`	$418.93K	USD	Annual
Cash paid during the year for: Income taxes	`IncomeTaxesPaid`	$371.50K	USD	Annual
Cash paid during the year for: Income taxes	`IncomeTaxesPaid`	$56.91K	USD	Annual
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	-	USD	Annual
Sale of Investment for Note receivable	`OtherSignificantNoncashTransactionValueOfConsiderationReceived1`	$500.00K	USD	Annual
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	$240.90K	USD	Annual
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	-	USD	Annual
Note receivable used to repurchase shares from Involve L.L.C.	`NoteReceivableUsedToRepurchaseSharesFromInvolveL.l.c.`	-	USD	Annual
Note receivable used to repurchase shares from Involve L.L.C.	`NoteReceivableUsedToRepurchaseSharesFromInvolveL.l.c.`	$500.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance, amount	`SharesOutstanding`	48.13M	shares	Point-in-time
Balance, amount	`SharesOutstanding`	47.05M	shares	Point-in-time
Balance, amount	`SharesOutstanding`	48.13M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$5.15M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.82M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalOther`	$95.47K	USD	Annual
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalOther`	$67.06K	USD	Annual
Repurchase of shares from Involve L.L.C., value	`StockRepurchasedAndRetiredDuringPeriodValue`	$750.00K	USD	Annual
Shares issued to payoff working capital loan and exercise of warrants, value	`StockIssuedDuringPeriodValueOther`	$248.80K	USD	Annual
Net Income	`NetIncomeLoss`	$2.08M	USD	Annual
Net Income	`NetIncomeLoss`	$2.82M	USD	Annual
Balance, amount	`SharesOutstanding`	48.13M	shares	Point-in-time
Balance, amount	`SharesOutstanding`	47.05M	shares	Point-in-time
Balance, amount	`SharesOutstanding`	48.13M	shares	Point-in-time
Balance, value	`StockholdersEquity`	$5.15M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$6.82M	USD	Point-in-time

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