10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0000939802-18-000061`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	capc-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 80 Cash Flow Statement 64

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.24M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$2.39M	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, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventories	`InventoryNet`	$140.63K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventories	`InventoryNet`	$8.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$164.34K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.05M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$239.15K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$354.91K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$6.51M	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`	$56.93K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$318.80K	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$395.60K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$5.67K	USD	Point-in-time
Furniture and fixtures	`FurnitureAndFixturesGross`	$12.49K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$267.00K	USD	Point-in-time
Less: Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$299.45K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$165.57K	USD	Point-in-time
Total Property & Equipment	`PropertyPlantAndEquipmentNet`	$67.36K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$14.76K	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`	$8.62M	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`	$1.80M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$624.78K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$11.69K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.81M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$283.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$251.00K	USD	Point-in-time
Total Long Term Liabilities	`LiabilitiesNoncurrent`	$283.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.61M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.10M	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`	$7.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-186.85K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-557.03K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.53M	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`	$8.62M	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`	$11.89M	USD	3 Qtrs
Revenues, net	`Revenues`	$13.82M	USD	1 Quarter
Revenues, net	`Revenues`	$5.73M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$9.18M	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$10.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$4.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$23.46M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$3.11M	USD	1 Quarter
Gross Profit	`GrossProfit`	$1.33M	USD	1 Quarter
Gross Profit	`GrossProfit`	$7.33M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$2.71M	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$838.32K	USD	3 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$928.32K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$359.71K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$1.87M	USD	3 Qtrs
Compensation	`LaborAndRelatedExpense`	$351.92K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$359.54K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$1.10M	USD	3 Qtrs
Compensation	`LaborAndRelatedExpense`	$1.07M	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$394.32K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$102.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$429.44K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$109.26K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$80.99K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$95.66K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$385.99K	USD	3 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$219.46K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$573.85K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$572.46K	USD	3 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$189.78K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$232.89K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.30M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$4.16M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.15M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.66M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$3.18M	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$180.05K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-586.51K	USD	3 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$1.45M	USD	1 Quarter
Miscellaneous income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Miscellaneous income (expense)	`OtherNonoperatingIncomeExpense`	$145.33K	USD	3 Qtrs
Miscellaneous income (expense)	`OtherNonoperatingIncomeExpense`	$-1.96K	USD	1 Quarter
Miscellaneous income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$69.46K	USD	1 Quarter
Interest expense	`InterestExpense`	$113.43K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-113.43K	USD	3 Qtrs
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-69.46K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.96K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$145.33K	USD	3 Qtrs
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$178.09K	USD	1 Quarter
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-441.18K	USD	3 Qtrs
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$3.06M	USD	3 Qtrs
Income (Loss) Before Tax Provision (Benefit)	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$1.38M	USD	1 Quarter
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$6.00K	USD	1 Quarter
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$-71.00K	USD	3 Qtrs
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$920.00K	USD	3 Qtrs
Provision (Benefit) for Income Tax	`IncomeTaxExpenseBenefit`	$390.00K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$172.09K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$2.14M	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-370.18K	USD	3 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$990.53K	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.05	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.00	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.99M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	46.66M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	47.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.15M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.46M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.05M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	47.05M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$172.09K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.14M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-370.18K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$990.53K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$55.73K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$32.46K	USD	3 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	-	USD	3 Qtrs
Accrued interest on note receivable	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-26.89K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$75.64K	USD	3 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$66.59K	USD	3 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$146.00K	USD	3 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$32.00K	USD	3 Qtrs
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$-831.73K	USD	3 Qtrs
Increase (decrease) in accrued sales allowance	`IncreaseDecreaseInAccruedSalesAllowance`	$153.03K	USD	3 Qtrs
Decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-731.53K	USD	3 Qtrs
Decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.83M	USD	3 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$-224.26K	USD	3 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$-132.32K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-74.81K	USD	3 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$20.81K	USD	3 Qtrs
(Increase) in deposits	`IncreaseDecreaseInDeposits`	$-1.14K	USD	3 Qtrs
(Increase) in deposits	`IncreaseDecreaseInDeposits`	-	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-932.26K	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-263.91K	USD	3 Qtrs
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-613.09K	USD	3 Qtrs
(Decrease) in income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$354.91K	USD	3 Qtrs
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	3 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	3 Qtrs
(Decrease) in accrued interest on notes payable	`IncreaseDecreaseInInterestPayableNet`	$-135.34K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.14M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.77K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$130.66K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.59K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-130.66K	USD	3 Qtrs
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-47.59K	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$30.56M	USD	3 Qtrs
Proceeds from notes payable	`ProceedsFromNotesPayable`	$18.35M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$30.56M	USD	3 Qtrs
Repayments of notes payable	`RepaymentsOfNotesPayable`	$18.35M	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
Warrants issued	`ProceedsFromIssuanceOfWarrants`	$7.50K	USD	3 Qtrs
Warrants issued	`ProceedsFromIssuanceOfWarrants`	-	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`	-	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-499.60K	USD	3 Qtrs
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	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`	$-74.90K	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.24M	USD	Point-in-time
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`	$3.59M	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`	$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`	$3.59M	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`	-	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$865.00K	USD	3 Qtrs
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$371.50K	USD	3 Qtrs
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	$240.90K	USD	3 Qtrs
Shares issued in satisfaction of loan payable to related party	`StockIssued1`	-	USD	3 Qtrs

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