10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000939802-18-000037`
Period End Date	20180331
Filing Date	20180514
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	capc-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 40 Cash Flow Statement 56

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.86M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	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
Accounts receivable, net	`AccountsReceivableNet`	$2.70M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventories	`InventoryNet`	$62.68K	USD	Point-in-time
Inventories	`InventoryNet`	$140.63K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$239.15K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.58K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$113.91K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.82M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.42M	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOther`	$9.89K	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`	$318.80K	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`	$276.13K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$267.00K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$58.23K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$67.36K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$13.62K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$13.62K	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`	$1.95M	USD	Point-in-time
Total Assets	`Assets`	$8.82M	USD	Point-in-time
Total Assets	`Assets`	$10.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.73M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.69K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$624.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.90M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$260.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$260.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.16M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.61M	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	`CommonStockValue`	$4.70K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 47,046,364 shares	`CommonStockValue`	$4.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.01M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.03M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-377.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.85K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.66M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.82M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$8.82M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$10.43M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$4.06M	USD	1 Quarter
Revenues, net	`Revenues`	$6.75M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$5.17M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$3.04M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.02M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.58M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$363.06K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$376.76K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$375.11K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$359.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$204.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$148.89K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$72.03K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$166.57K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$174.29K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$178.62K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.23M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.19M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$387.46K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-208.64K	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$12.95K	USD	1 Quarter
Interest expense	`InterestExpense`	$21.73K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	$-8.79K	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-208.64K	USD	1 Quarter
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$378.68K	USD	1 Quarter
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$-18.00K	USD	1 Quarter
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-190.64K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$250.68K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.62M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.88M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-190.64K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$250.68K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$9.13K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$17.50K	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	`ShareBasedCompensation`	$20.48K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$28.88K	USD	1 Quarter
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$9.00K	USD	1 Quarter
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$128.00K	USD	1 Quarter
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$-20.64K	USD	1 Quarter
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$207.00K	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.69M	USD	1 Quarter
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.54M	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-77.95K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$147.87K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-160.57K	USD	1 Quarter
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$214.36K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-843.68K	USD	1 Quarter
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.10M	USD	1 Quarter
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-613.09K	USD	1 Quarter
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$113.91K	USD	1 Quarter
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-18.25K	USD	1 Quarter
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	-	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`	$193.45K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.43K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.43K	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$6.58M	USD	1 Quarter
Proceeds from notes payable	`ProceedsFromNotesPayable`	$5.28M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$6.58M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$5.28M	USD	1 Quarter
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$150.00K	USD	1 Quarter
Repayments of notes and loans payable to related parties	`RepaymentsOfRelatedPartyDebt`	-	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`	-	USD	1 Quarter
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-250.00K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-469.69K	USD	1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$193.45K	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.86M	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`	$3.67M	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`	$3.86M	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`	$3.67M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$39.98K	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$700.00K	USD	1 Quarter

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