10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000939802-18-000048`
Period End Date	20180630
Filing Date	20180814
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	capc-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 84 Cash Flow Statement 62

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`	$1.17M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$2.02M	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
Accounts receivable, net	`AccountsReceivableNet`	$4.37M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$78.25K	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
Inventories	`InventoryNet`	$8.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Inventories	`InventoryNet`	$140.63K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$787.16K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$239.15K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$346.91K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.42M	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOther`	$52.65K	USD	Point-in-time
Computer equipment and software	`PropertyPlantAndEquipmentOther`	$9.89K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$395.60K	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`	$11.83K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$285.26K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$267.00K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$67.36K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$174.82K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$13.62K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$14.31K	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`	$8.13M	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`	$1.51M	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`	$1.52M	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`	$269.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$269.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.79M	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`	$7.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.01M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-729.12K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.85K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.34M	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`	$8.13M	USD	Point-in-time

Income Statement 84 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$10.22M	USD	1 Quarter
Revenues, net	`Revenues`	$2.10M	USD	1 Quarter
Revenues, net	`Revenues`	$16.97M	USD	2 Qtrs
Revenues, net	`Revenues`	$6.16M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.74M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$4.78M	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$7.58M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$12.75M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$1.38M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$360.72K	USD	1 Quarter
Gross Profit	`GrossProfit`	$4.22M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$2.64M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$478.61K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$115.55K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$564.52K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$941.27K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$369.75K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$713.71K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$744.86K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$353.90K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$115.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$320.18K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$291.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$142.90K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$123.77K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$138.47K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$66.45K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$290.33K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$204.06K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$382.68K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$340.96K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$166.68K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.50M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$918.64K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.30M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.15M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-557.92K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.34M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$1.73M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-766.56K	USD	2 Qtrs
Miscellaneous income	`OtherNonoperatingIncome`	$147.29K	USD	2 Qtrs
Miscellaneous income	`OtherNonoperatingIncome`	$147.29K	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Miscellaneous income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Interest income	`InterestIncomeExpenseNet`	$12.95K	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	2 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$35.19K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.92K	USD	2 Qtrs
Total Other (Expense)	`NonoperatingIncomeExpense`	$147.29K	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	$-35.19K	USD	1 Quarter
Total Other (Expense)	`NonoperatingIncomeExpense`	$-43.97K	USD	2 Qtrs
Total Other (Expense)	`NonoperatingIncomeExpense`	$147.29K	USD	2 Qtrs
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-619.27K	USD	2 Qtrs
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-410.63K	USD	1 Quarter
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.30M	USD	1 Quarter
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.68M	USD	2 Qtrs
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$402.00K	USD	1 Quarter
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$530.00K	USD	2 Qtrs
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$-77.00K	USD	2 Qtrs
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$-59.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-542.27K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-351.63K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$901.36K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.02	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.69M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.16M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.05M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.05M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.47M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.06M	shares	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.15M	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-542.27K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-351.63K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$901.36K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$35.55K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$18.27K	USD	2 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	2 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$12.95K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$40.95K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$57.75K	USD	2 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$138.00K	USD	2 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$18.00K	USD	2 Qtrs
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$-20.85K	USD	2 Qtrs
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$41.65K	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.30M	USD	2 Qtrs
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$450.71K	USD	2 Qtrs
(Increase) other receivables	`IncreaseDecreaseInOtherReceivables`	$78.25K	USD	2 Qtrs
(Increase) other receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$-99.06K	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$-132.32K	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$1.03M	USD	2 Qtrs
(Increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$548.02K	USD	2 Qtrs
(Increase) in deposits	`IncreaseDecreaseInDeposits`	$-696.00	USD	2 Qtrs
(Increase) in deposits	`IncreaseDecreaseInDeposits`	-	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.22M	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$111.95K	USD	2 Qtrs
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-613.09K	USD	2 Qtrs
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$346.91K	USD	2 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-44.84K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-781.48K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.65K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$125.72K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.78K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.78K	USD	2 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-125.72K	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$11.35M	USD	2 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$16.57M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$11.35M	USD	2 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$16.57M	USD	2 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Repurchase of shares from Involve, LLC	`PaymentsForRepurchaseOfCommonStock`	$250.00K	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`	-	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-473.00K	USD	2 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-472.13K	USD	2 Qtrs
Net (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-907.20K	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	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`	$1.17M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	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`	$1.17M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.76M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid during the period for: Interest	`InterestPaidNet`	$101.75K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$865.00K	USD	2 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$371.50K	USD	2 Qtrs

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