10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001558370-16-007411`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	cpst-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 37 Cash Flow Statement 66

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.91M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$7.83M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.41M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.00M	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.00M	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
Accounts receivable, net of allowances of $7,834 at June 30, 2016 and $8,909 at March 31, 2016	`AccountsReceivableNetCurrent`	$13.57M	USD	Point-in-time
Accounts receivable, net of allowances of $7,834 at June 30, 2016 and $8,909 at March 31, 2016	`AccountsReceivableNetCurrent`	$15.73M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.24M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.86M	shares	Point-in-time
Inventories	`InventoryNet`	$16.13M	USD	Point-in-time
Inventories	`InventoryNet`	$13.81M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.64M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	30.13M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.75M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	108,153.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$49.04M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	103,643.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$55.96M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.07M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$3.54M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$2.32M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$2.14M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$873.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$941.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$228.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$208.00K	USD	Point-in-time
Total	`Assets`	$62.43M	USD	Point-in-time
Total	`Assets`	$55.89M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.23M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.19M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.88M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.52M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.64M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.40M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$4.37M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.23M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$9.46M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$6.08M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$361.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$128.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$30.89M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.60M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$74.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$60.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$183.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$184.00K	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized, 30,237,172 shares issued and 30,129,019 shares outstanding at June 30, 2016; 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016	`CommonStockValue`	$30.00K	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized, 30,237,172 shares issued and 30,129,019 shares outstanding at June 30, 2016; 23,857,516 shares issued and 23,753,873 shares outstanding at March 31, 2016	`CommonStockValue`	$24.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$853.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$866.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-826.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-831.47M	USD	Point-in-time
Treasury stock, at cost; 108,153 shares at June 30, 2016 and 103,643 shares at March 31, 2016	`TreasuryStockValue`	$1.62M	USD	Point-in-time
Treasury stock, at cost; 108,153 shares at June 30, 2016 and 103,643 shares at March 31, 2016	`TreasuryStockValue`	$1.62M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$33.59M	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$55.89M	USD	Point-in-time
Total	`LiabilitiesAndStockholdersEquity`	$62.43M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Product, accessories and parts	`SalesRevenueGoodsNet`	$15.78M	USD	1 Quarter
Product, accessories and parts	`SalesRevenueGoodsNet`	$24.15M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$3.28M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$2.83M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$26.98M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$19.07M	USD	1 Quarter
Product, accessories and parts	`CostOfGoodsSold`	$19.91M	USD	1 Quarter
Product, accessories and parts	`CostOfGoodsSold`	$13.64M	USD	1 Quarter
Service	`CostOfServices`	$2.38M	USD	1 Quarter
Service	`CostOfServices`	$2.43M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$22.30M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$16.07M	USD	1 Quarter
Gross margin	`GrossProfit`	$4.68M	USD	1 Quarter
Gross margin	`GrossProfit`	$3.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$2.42M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.62M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.75M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$8.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.51M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-5.82M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.37M	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Other (expense) income	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$134.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$150.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-5.97M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.97M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.52M	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.53M	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.17M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-5.97M	USD	1 Quarter
Net loss	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$365.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$407.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$42.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$44.00K	USD	1 Quarter
Interest on restricted cash	`InterestIncomeOther`	$2.00K	USD	1 Quarter
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-904.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$349.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$208.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$428.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$142.00K	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-171.00K	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-8.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$463.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$238.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.87M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.42M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-195.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-230.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.25M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-32.00K	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-359.00K	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$614.00K	USD	1 Quarter
Accrued warranty reserve	`ProductWarrantyAccrualPreexistingIncreaseDecrease`	$377.00K	USD	1 Quarter
Accrued warranty reserve	`ProductWarrantyAccrualPreexistingIncreaseDecrease`	$574.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$261.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.86M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.21M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.86M	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$915.00K	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-915.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-9.00K	USD	1 Quarter
Net (repayments of) proceeds from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$3.20M	USD	1 Quarter
Net (repayments of) proceeds from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-3.38M	USD	1 Quarter
Changes in restricted cash	`IncreaseDecreaseInRestrictedCash`	$5.00M	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$191.00K	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$194.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$41.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$2.00K	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$13.10M	USD	Point-in-time
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$13.13M	USD	1 Quarter
Net proceeds from equity issuances	`ProceedsFromIssuanceOfCommonStock`	$12.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.03M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$9.55M	USD	1 Quarter
Net (decrease) increase in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.81M	USD	1 Quarter
Net (decrease) increase in Cash and Cash Equivalents	`NetCashProvidedByUsedInContinuingOperations`	$7.33M	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.04M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.41M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.04M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$32.22M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$11.70M	USD	Point-in-time
Cash and Cash Equivalents, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.41M	USD	Point-in-time
Interest	`InterestPaid`	$98.00K	USD	1 Quarter
Interest	`InterestPaid`	$136.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$3.00K	USD	1 Quarter
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$53.00K	USD	1 Quarter
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$156.00K	USD	1 Quarter
Acquisition of property and equipment in consideration for the issuance of a note payable	`NotesIssued1`	$81.00K	USD	1 Quarter

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