10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001104659-14-077717`
Period End Date	20140930
Filing Date	20141106
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	cpst-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 58 Cash Flow Statement 65

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.33M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.25M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$40.79M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$38.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.27M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.86M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances of $5,326 at September 30, 2014 and $2,246 at March 31, 2014	`AccountsReceivableNetCurrent`	$28.02M	USD	Point-in-time
Accounts receivable, net of allowances of $5,326 at September 30, 2014 and $2,246 at March 31, 2014	`AccountsReceivableNetCurrent`	$23.22M	USD	Point-in-time
Inventories	`InventoryNet`	$19.12M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$18.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.22M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.10M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	311.52M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$86.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$76.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	331.47M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.89M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	330.22M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	310.38M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.33M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.26M	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$2.94M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$2.84M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.14M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.54M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.79M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$302.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$304.00K	USD	Point-in-time
Total	`Assets`	$84.12M	USD	Point-in-time
Total	`Assets`	$94.25M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$21.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$28.58M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.88M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.91M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$2.88M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$2.96M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$2.66M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$3.74M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$13.23M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$12.20M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$173.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$444.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$42.13M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.75M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$201.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$167.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$70.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$48.00K	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value; 10,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized; 331,471,768 shares issued and 330,215,890 shares outstanding at September 30, 2014; 311,520,567 shares issued and 310,377,293 shares outstanding at March 31, 2014	`CommonStockValue`	$331.00K	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized; 331,471,768 shares issued and 330,215,890 shares outstanding at September 30, 2014; 311,520,567 shares issued and 310,377,293 shares outstanding at March 31, 2014	`CommonStockValue`	$312.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$836.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$805.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-770.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-783.53M	USD	Point-in-time
Treasury stock, at cost; 1,255,878 shares at September 30, 2014 and 1,143,274 shares at March 31, 2014	`TreasuryStockValue`	$1.33M	USD	Point-in-time
Treasury stock, at cost; 1,255,878 shares at September 30, 2014 and 1,143,274 shares at March 31, 2014	`TreasuryStockValue`	$1.51M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$51.91M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$34.09M	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$94.25M	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$84.12M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	$59.66M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$32.25M	USD	1 Quarter
Revenue	`SalesRevenueNet`	$55.51M	USD	2 Qtrs
Revenue	`SalesRevenueNet`	$35.29M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$27.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$30.40M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$51.45M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$46.85M	USD	2 Qtrs
Gross margin	`GrossProfit`	$8.21M	USD	2 Qtrs
Gross margin	`GrossProfit`	$5.24M	USD	1 Quarter
Gross margin	`GrossProfit`	$4.89M	USD	1 Quarter
Gross margin	`GrossProfit`	$8.66M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$1.96M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.29M	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$2.06M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$4.38M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.64M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$17.31M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.54M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$14.21M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$11.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.69M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$18.50M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.29M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-3.71M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-13.03M	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.36M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncome`	$-20.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncome`	$-16.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncome`	$81.00K	USD	2 Qtrs
Other (expense) income	`OtherNonoperatingIncome`	$-6.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$362.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$287.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$144.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$176.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-10.00K	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$-10.00K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-10.66M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.51M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-13.24M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.88M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$29.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$64.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.53M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.89M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.69M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.30M	USD	2 Qtrs
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	329.87M	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	325.94M	shares	2 Qtrs
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	304.99M	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	304.86M	shares	2 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.53M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-3.89M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-10.69M	USD	2 Qtrs
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-13.30M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.26M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$880.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$112.00K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$112.00K	USD	2 Qtrs
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$3.06M	USD	2 Qtrs
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$119.00K	USD	2 Qtrs
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$3.00M	USD	1 Quarter
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$100.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$770.00K	USD	2 Qtrs
Inventory provision	`InventoryWriteDown`	$572.00K	USD	2 Qtrs
Provision for warranty expenses	`ProductWarrantyExpense`	$2.39M	USD	2 Qtrs
Provision for warranty expenses	`ProductWarrantyExpense`	$1.51M	USD	2 Qtrs
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-4.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.18M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.22M	USD	2 Qtrs
Change in fair value of warrant liability	`IncreaseDecreaseInFairValueOfWarrantLiability`	$-10.00K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.75M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$580.00K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.69M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.62M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-67.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.01M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$2.62M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-7.46M	USD	2 Qtrs
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$152.00K	USD	2 Qtrs
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$5.00K	USD	2 Qtrs
Accrued warranty reserve	`ProductWarrantyAccrualPreexistingIncreaseDecrease`	$2.31M	USD	2 Qtrs
Accrued warranty reserve	`ProductWarrantyAccrualPreexistingIncreaseDecrease`	$1.59M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.08M	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-180.00K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-7.90M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-14.66M	USD	2 Qtrs
Expenditures for property and equipment	`PaymentForAcquisitionOfAndDepositsOnEquipmentAndLeaseholdImprovements`	$954.00K	USD	2 Qtrs
Expenditures for property and equipment	`PaymentForAcquisitionOfAndDepositsOnEquipmentAndLeaseholdImprovements`	$582.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-954.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-582.00K	USD	2 Qtrs
Net repayment of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.68M	USD	2 Qtrs
Net repayment of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-1.03M	USD	2 Qtrs
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$312.00K	USD	2 Qtrs
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$278.00K	USD	2 Qtrs
Net cash provided by (used in) employee stock-based transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$118.00K	USD	2 Qtrs
Net cash provided by (used in) employee stock-based transactions	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$-111.00K	USD	2 Qtrs
Net proceeds from issuance of common stock	`ProceedsFromIssuanceOrSaleOfEquity`	$29.77M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$28.55M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.07M	USD	2 Qtrs
Net increase (decrease) in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-10.55M	USD	2 Qtrs
Net increase (decrease) in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$12.93M	USD	2 Qtrs
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.79M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.82M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.27M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.86M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$40.79M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$38.82M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.27M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$27.86M	USD	Point-in-time
Interest	`InterestPaid`	$262.00K	USD	2 Qtrs
Interest	`InterestPaid`	$181.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$79.00K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$80.00K	USD	2 Qtrs
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$58.00K	USD	2 Qtrs
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$118.00K	USD	2 Qtrs

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