10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001558370-17-006433`
Period End Date	20170630
Filing Date	20170809
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cpst-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 37 Cash Flow Statement 63

Balance Sheet 76 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.80M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.84M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.19M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.51M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
Accounts receivable, net of allowances of $6,804 at June 30, 2017 and $6,845 at March 31, 2017	`AccountsReceivableNetCurrent`	$12.23M	USD	Point-in-time
Accounts receivable, net of allowances of $6,804 at June 30, 2017 and $6,845 at March 31, 2017	`AccountsReceivableNetCurrent`	$17.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Inventories	`InventoryNet`	$14.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Inventories	`InventoryNet`	$15.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.58M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	42.39M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	42.27M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	119,605.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.01M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	116,544.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$961.00K	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$887.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$651.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$583.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$302.00K	USD	Point-in-time
Total assets	`Assets`	$53.17M	USD	Point-in-time
Total assets	`Assets`	$58.27M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.72M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.59M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.37M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.07M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.77M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.05M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.88M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$11.53M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$9.48M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$302.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$128.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.53M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$26.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$23.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$147.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$158.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$33.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.37M	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, 42,388,199 shares issued and 42,268,594 shares outstanding at June 30, 2017; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017	`CommonStockValue`	$39.00K	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized, 42,388,199 shares issued and 42,268,594 shares outstanding at June 30, 2017; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017	`CommonStockValue`	$42.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$877.36M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$874.70M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-856.29M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-852.20M	USD	Point-in-time
Treasury stock, at cost; 119,605 shares at June 30, 2017 and 116,544 shares at March 31, 2017	`TreasuryStockCommonValue`	$1.64M	USD	Point-in-time
Treasury stock, at cost; 119,605 shares at June 30, 2017 and 116,544 shares at March 31, 2017	`TreasuryStockCommonValue`	$1.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$19.47M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$53.17M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.27M	USD	Point-in-time

Income Statement 37 line items

Line Item	Tag	Value	Unit	Period
Product, accessories and parts	`SalesRevenueGoodsNet`	$15.49M	USD	1 Quarter
Product, accessories and parts	`SalesRevenueGoodsNet`	$15.78M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$3.28M	USD	1 Quarter
Service	`SalesRevenueServicesNet`	$3.75M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$19.07M	USD	1 Quarter
Total revenue	`SalesRevenueNet`	$19.24M	USD	1 Quarter
Product, accessories and parts	`CostOfGoodsSold`	$13.64M	USD	1 Quarter
Product, accessories and parts	`CostOfGoodsSold`	$14.04M	USD	1 Quarter
Service	`CostOfServices`	$2.96M	USD	1 Quarter
Service	`CostOfServices`	$2.43M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$16.07M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$17.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.24M	USD	1 Quarter
Gross margin	`GrossProfit`	$3.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	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`	$4.96M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.11M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.37M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.37M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.87M	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$134.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$221.00K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.09M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.51M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.52M	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.17M	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.08M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.09M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.52M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$304.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$407.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$105.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$44.00K	USD	1 Quarter
Reduction in accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-13.00K	USD	1 Quarter
Reduction in accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-904.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$208.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$183.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$779.00K	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`	$-23.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$238.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$154.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.25M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.79M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.94M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-230.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-296.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-32.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.15M	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`	$-455.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-1.47M	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-377.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$1.86M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$827.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.20M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-732.00K	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$178.00K	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.00K	USD	1 Quarter
Net repayments of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-3.38M	USD	1 Quarter
Net repayments of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.05M	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$194.00K	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$122.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$5.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$2.00K	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$13.10M	USD	Point-in-time
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$13.13M	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$6.80M	USD	Point-in-time
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$2.52M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$344.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.55M	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-566.00K	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$7.34M	USD	1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.04M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.71M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.70M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.14M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.04M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.71M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.70M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.14M	USD	Point-in-time
Interest	`InterestPaidNet`	$108.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$136.00K	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`	$7.00K	USD	1 Quarter

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