10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000939802-21-000047`
Period End Date	20210331
Filing Date	20210517
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	capc-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 38 Cash Flow Statement 54 Stockholders Equity 14

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.46M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$167.10K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$120.06K	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
Inventories	`InventoryNet`	$8.78K	USD	Point-in-time
Inventories	`InventoryNet`	$8.78K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.30M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$75.62K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$67.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.30M	shares	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$861.32K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$285.67K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.99M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.85K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$52.39K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$158.50K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$143.95K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.56K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.56K	USD	Point-in-time
Goodwill	`Goodwill`	$1.65M	USD	Point-in-time
Goodwill	`Goodwill`	$1.94M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Total Assets	`Assets`	$3.84M	USD	Point-in-time
Total Assets	`Assets`	$3.53M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$825.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$971.37K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$64.97K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$63.31K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$889.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.04M	USD	Point-in-time
Operating lease - long term portion	`OperatingLeaseLiabilityNoncurrent`	$107.69K	USD	Point-in-time
Operating lease - long term portion	`OperatingLeaseLiabilityNoncurrent`	$90.88K	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$259.70K	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$259.70K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$350.58K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$367.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.39M	USD	Point-in-time
Preferred Stock, Series A, par value $.001 per share, authorized 6,666,667 shares, issued -0- shares; Preferred Stock, Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued 15,000 shares at March 31, 2021; 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, Preferred Stock, Series B-1, par value $.0001 per share, authorized 3,333,333 shares, issued 15,000 shares at March 31, 2021; Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockValue`	$2.00	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, outstanding 46,296,364 shares at March 31, 2021 and 46,296,364 shares at December 31, 2020	`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, 2021 and 46,296,364 shares at December 31, 2020	`CommonStockValue`	$4.63K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.35M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.58M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.97M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.53M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$438.42K	USD	1 Quarter
Revenues, net	`Revenues`	$148.98K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$309.78K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$114.82K	USD	1 Quarter
Gross Profit	`GrossProfit`	$34.16K	USD	1 Quarter
Gross Profit	`GrossProfit`	$128.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$211.97K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.18K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$376.68K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$352.08K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$130.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$127.22K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$51.61K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$26.89K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$144.37K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$103.12K	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	$290.06K	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$613.50K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.21M	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-484.85K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.17M	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$10.36K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$24.50K	USD	1 Quarter
Net Other Income (Expense)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Net Other Income (Expense)	`NonoperatingIncomeExpense`	$-14.14K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-498.99K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.17M	USD	1 Quarter
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	$-573.68K	USD	1 Quarter
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-498.99K	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`	46.46M	shares	1 Quarter
Weighted Average Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.30M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-597.38K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.07K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.46K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$4.20K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$8.93K	USD	1 Quarter
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	$24.50K	USD	1 Quarter
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	-	USD	1 Quarter
Non-cash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$14.55K	USD	1 Quarter
Non-cash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$13.58K	USD	1 Quarter
Goodwill impairment charge	`Goodwillimpairmentcharge`	$290.06K	USD	1 Quarter
Goodwill impairment charge	`Goodwillimpairmentcharge`	-	USD	1 Quarter
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$172.29K	USD	1 Quarter
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$47.04K	USD	1 Quarter
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$56.52K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	$-11.39K	USD	1 Quarter
Decrease in inventories	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-32.33K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-42.20K	USD	1 Quarter
Decrease in deposits	`IncreaseDecreaseInDeposits`	-	USD	1 Quarter
Decrease in deposits	`IncreaseDecreaseInDeposits`	$34.87K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.68K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$201.75K	USD	1 Quarter
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-575.64K	USD	1 Quarter
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$745.97K	USD	1 Quarter
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-7.81K	USD	1 Quarter
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-15.15K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-626.52K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$238.20K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.74K	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`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.33K	USD	1 Quarter
Net Increase (decrease) in Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$238.20K	USD	1 Quarter
Net Increase (decrease) in Cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-678.60K	USD	1 Quarter
Cash, cash equivalents, and restricted cash at Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.45M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	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
Stocks issued to Directors for prepaid loan fee	`StockIssued1`	$24.50K	USD	1 Quarter
Stocks issued to Directors for prepaid loan fee	`StockIssued1`	-	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`	$2.14M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$4.97M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.93K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock issued to Directors for loan, value	`StockIssuedDuringPeriodValueOther`	$49.00K	USD	1 Quarter
Repurchase of shares, value	`StockRepurchasedDuringPeriodValue`	$36.33K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-597.38K	USD	1 Quarter
Balance, value	`StockholdersEquity`	$4.35M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Balance, value	`StockholdersEquity`	$4.97M	USD	Point-in-time

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