10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001558370-18-005175`
Period End Date	20180331
Filing Date	20180607
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	cpst-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 78 Income Statement 40 Cash Flow Statement 65 Stockholders Equity 23

Balance Sheet 78 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$6.84M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.74M	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`	$14.41M	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`	$14.19M	USD	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
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.51M	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
Accounts receivable, net of allowances of $5,744 at March 31, 2018 and $6,845 at March 31, 2017	`AccountsReceivableNetCurrent`	$15.97M	USD	Point-in-time
Accounts receivable, net of allowances of $5,744 at March 31, 2018 and $6,845 at March 31, 2017	`AccountsReceivableNetCurrent`	$17.00M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$15.63M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$14.54M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	38.92M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	57.06M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$54.32M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	56.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$53.81M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	38.80M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.12M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	116,544.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	145,952.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.04M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$961.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$651.00K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$411.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$250.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Total assets	`Assets`	$58.27M	USD	Point-in-time
Total assets	`Assets`	$58.37M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.50M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.72M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.77M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.68M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$6.60M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$5.05M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$8.53M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$11.53M	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`	$192.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.19M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.09M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$130.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$26.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$158.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$32.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$37.37M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`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, 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018; 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, 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018; 38,920,174 shares issued and 38,803,630 shares outstanding at March 31, 2017	`CommonStockValue`	$57.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$874.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$889.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-852.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-862.23M	USD	Point-in-time
Treasury stock, at cost; 145,952 shares at March 31, 2018 and 116,544 shares at March 31, 2017	`TreasuryStockCommonValue`	$1.66M	USD	Point-in-time
Treasury stock, at cost; 145,952 shares at March 31, 2018 and 116,544 shares at March 31, 2017	`TreasuryStockCommonValue`	$1.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$24.74M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.27M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.37M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Product, accessories and parts	`SalesRevenueGoodsNet`	$63.33M	USD	Annual
Product, accessories and parts	`SalesRevenueGoodsNet`	$66.75M	USD	Annual
Service	`SalesRevenueServicesNet`	$13.84M	USD	Annual
Service	`SalesRevenueServicesNet`	$16.08M	USD	Annual
Total revenue	`SalesRevenueNet`	$82.84M	USD	Annual
Total revenue	`SalesRevenueNet`	$77.17M	USD	Annual
Product, accessories and parts	`CostOfGoodsSold`	$56.59M	USD	Annual
Product, accessories and parts	`CostOfGoodsSold`	$64.45M	USD	Annual
Service	`CostOfServices`	$11.27M	USD	Annual
Service	`CostOfServices`	$10.93M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$75.38M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$67.86M	USD	Annual
Gross margin	`GrossProfit`	$1.79M	USD	Annual
Gross margin	`GrossProfit`	$14.98M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$5.39M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.04M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.65M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.61M	USD	Annual
Total operating expenses	`OperatingExpenses`	$26.04M	USD	Annual
Total operating expenses	`OperatingExpenses`	$23.65M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-24.25M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.67M	USD	Annual
Other expense	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	Annual
Other expense	`OtherNonoperatingIncomeExpense`	$-49.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$31.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	Annual
Interest expense	`InterestExpense`	$536.00K	USD	Annual
Interest expense	`InterestExpense`	$606.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$421.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$741.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.01M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-25.23M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$19.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-25.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.03M	USD	Annual
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.79	USD	Annual
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	32.07M	shares	Annual
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	51.34M	shares	Annual

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-25.24M	USD	Annual
Net loss	`ProfitLoss`	$-10.03M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.58M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.17M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$202.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$173.00K	USD	Annual
Reduction in accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$1.52M	USD	Annual
Reduction in accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$1.10M	USD	Annual
Inventory provision	`InventoryWriteDown`	$1.28M	USD	Annual
Inventory provision	`InventoryWriteDown`	$1.42M	USD	Annual
Provision for warranty expenses	`ProductWarrantyExpense`	$942.00K	USD	Annual
Provision for warranty expenses	`ProductWarrantyExpense`	$7.05M	USD	Annual
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-365.00K	USD	Annual
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-210.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$810.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$586.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$421.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$741.00K	USD	Annual
Warrant issuance expenses	`NonCashWarrantIssuanceExpenses`	$421.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.90M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.22M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-1.49M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.60M	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00K	USD	Annual
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$117.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.41M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-866.00K	USD	Annual
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-87.00K	USD	Annual
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$9.00K	USD	Annual
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-3.03M	USD	Annual
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-4.92M	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$459.00K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$683.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.55M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.64M	USD	Annual
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.75M	USD	Annual
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$204.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-204.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.75M	USD	Annual
Net (repayments of) proceeds from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-3.01M	USD	Annual
Net (repayments of) proceeds from revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$2.07M	USD	Annual
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$457.00K	USD	Annual
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$497.00K	USD	Annual
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$22.00K	USD	Annual
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$16.00K	USD	Annual
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`	$13.58M	USD	Annual
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$20.19M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.75M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.10M	USD	Annual
Net (decrease) increase in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-297.00K	USD	Annual
Net (decrease) increase in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.00M	USD	Annual
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.71M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.70M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.71M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.70M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
Interest	`InterestPaidNet`	$414.00K	USD	Annual
Interest	`InterestPaidNet`	$363.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$24.00K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$30.00K	USD	Annual
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$45.00K	USD	Annual
Renewal of insurance contracts which was financed by notes payable	`NotesPayableForInsuranceContract`	$503.00K	USD	Annual
Renewal of insurance contracts which was financed by notes payable	`NotesPayableForInsuranceContract`	$422.00K	USD	Annual

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$24.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.76M	USD	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$22.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$19.00K	USD	Annual
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$17.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$586.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$706.00K	USD	Annual
Exercise of stock options and employee stock purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan`	$4.00K	USD	Annual
Exercise of stock options and employee stock purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan`	$9.00K	USD	Annual
Stock awards to Board of Directors	`StockIssuedDuringPeriodValueStockAwardToBoardOfDirectors`	$104.00K	USD	Annual
Stock awards to Board of Directors	`StockIssuedDuringPeriodValueStockAwardToBoardOfDirectors`	$-14.00K	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$11.84M	USD	Annual
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$20.61M	USD	Annual
Issuance of common stock, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	16.00M	shares	Annual
Issuance of common stock, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	6.70M	shares	1 Quarter
Warrants exercised	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$1.74M	USD	Annual
Change in warrants valuation	`IncreaseDecreaseToAdditionalPaidInCapitalChangeInWarrantValuation`	$741.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-25.24M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.03M	USD	Annual
Balance	`StockholdersEquity`	$24.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$20.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.76M	USD	Point-in-time

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