10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000939802-20-000026`
Period End Date	20200331
Filing Date	20200702
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	capc-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 52 Stockholders Equity 14

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$69.97K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$13.46K	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Inventories	`InventoryNet`	$13.43K	USD	Point-in-time
Inventories	`InventoryNet`	$24.82K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$182.78K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$140.58K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.30M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.58M	shares	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$220.21K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$966.18K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.64M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$65.65K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$75.31K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$200.62K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$214.20K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$46.02K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$11.15K	USD	Point-in-time
Goodwill	`Goodwill`	$1.65M	USD	Point-in-time
Goodwill	`Goodwill`	$1.94M	USD	Point-in-time
Total Assets	`Assets`	$5.58M	USD	Point-in-time
Total Assets	`Assets`	$5.83M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$837.34K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$635.59K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$58.51K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$51.17K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$686.77K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$895.86K	USD	Point-in-time
Operating lease - long term portion	`OperatingLeaseLiabilityNoncurrent`	$171.00K	USD	Point-in-time
Operating lease - long term portion	`OperatingLeaseLiabilityNoncurrent`	$155.85K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$172.29K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	-	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$328.14K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$171.00K	USD	Point-in-time
Total Liabilities	`Liabilities`	$857.76K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.22M	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, outstanding 46,296,364 shares at March 31, 2020 and 46,579,747 shares at December 31, 2019	`CommonStockValue`	$4.63K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, outstanding 46,296,364 shares at March 31, 2020 and 46,579,747 shares at December 31, 2019	`CommonStockValue`	$4.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.06M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.09M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.90M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.56M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.98M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.83M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$5.58M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$2.98M	USD	1 Quarter
Revenues, net	`Revenues`	$148.98K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$114.82K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.35M	USD	1 Quarter
Gross Profit	`GrossProfit`	$34.16K	USD	1 Quarter
Gross Profit	`GrossProfit`	$626.59K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$191.88K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$211.97K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$374.85K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$376.68K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$157.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$130.53K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$51.61K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$85.23K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$144.37K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$163.71K	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	$290.06K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.21M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$973.47K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-346.88K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.17M	USD	1 Quarter
Other Expenses, net	`OtherNonoperatingIncomeExpense`	$-10.46K	USD	1 Quarter
Other Expenses, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.17M	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-357.34K	USD	1 Quarter
Benefit for Income Tax	`IncomeTaxExpenseBenefit`	$-573.68K	USD	1 Quarter
Benefit for Income Tax	`IncomeTaxExpenseBenefit`	$-12.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-345.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-597.38K	USD	1 Quarter
Net Loss per Common Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net Loss per Common Share Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.03M	shares	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.46M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-345.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-597.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$10.83K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$8.93K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$11.03K	USD	1 Quarter
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	-	USD	1 Quarter
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$13.58K	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	$290.06K	USD	1 Quarter
Provision (Benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$172.29K	USD	1 Quarter
Provision (Benefit) for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$-12.00K	USD	1 Quarter
(Increase) in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$2.28M	USD	1 Quarter
(Increase) in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$56.52K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$-10.20K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$-11.39K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-167.15K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-42.20K	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$34.87K	USD	1 Quarter
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$-388.00	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$201.75K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$277.39K	USD	1 Quarter
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
(Increase) in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$745.97K	USD	1 Quarter
(Decrease) in deferred rent incentive	`IncreaseDecreaseInOtherDeferredLiability`	$-25.02K	USD	1 Quarter
(Decrease) in deferred rent incentive	`IncreaseDecreaseInOtherDeferredLiability`	-	USD	1 Quarter
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-7.81K	USD	1 Quarter
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-626.52K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.19M	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.74K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.74K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Repurchase of Shares	`PaymentsForRepurchaseOfCommonStock`	$36.33K	USD	1 Quarter
Repurchase of Shares	`PaymentsForRepurchaseOfCommonStock`	$8.62K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.62K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.33K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-678.60K	USD	1 Quarter
Net Decrease in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.20M	USD	1 Quarter
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.45M	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.13M	USD	Point-in-time
Cash at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.82M	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.62M	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$2.45M	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.13M	USD	Point-in-time
Cash at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$3.82M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	-	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`	-	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance, value	`StockholdersEquity`	$4.35M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$5.56M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.93K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$11.03K	USD	1 Quarter
Repurchase of shares, value	`StockRepurchasedDuringPeriodValue`	$8.62K	USD	1 Quarter
Repurchase of shares, value	`StockRepurchasedDuringPeriodValue`	$36.33K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-345.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-597.38K	USD	1 Quarter
Balance, value	`StockholdersEquity`	$4.35M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$5.90M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$5.56M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time

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