10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001558370-18-006595`
Period End Date	20180630
Filing Date	20180807
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	cpst-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 28 Cash Flow Statement 60

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.74M	USD	Point-in-time
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.68M	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`	$13.57M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.41M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$6.00M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$5.00M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances of $5,677 at June 30, 2018 and $5,744 at March 31, 2018	`AccountsReceivableNetCurrent`	$15.89M	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 $5,677 at June 30, 2018 and $5,744 at March 31, 2018	`AccountsReceivableNetCurrent`	$15.97M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	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`	$16.05M	USD	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`	$5.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.34M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$53.81M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$56.53M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	56.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.19M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.86M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	145,952.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.79M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	147,634.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.04M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.10M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$355.00K	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`	$315.00K	USD	Point-in-time
Total assets	`Assets`	$58.37M	USD	Point-in-time
Total assets	`Assets`	$61.09M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.56M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$13.50M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.33M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.86M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.68M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.60M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.53M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$10.02M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$8.53M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$192.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$77.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.38M	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$1.12M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$121.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligations`	$130.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$403.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$32.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$35.03M	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, 64,340,430 shares issued and 64,192,796 shares outstanding at June 30, 2018; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018	`CommonStockValue`	$64.00K	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized, 64,340,430 shares issued and 64,192,796 shares outstanding at June 30, 2018; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018	`CommonStockValue`	$57.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$889.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$894.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-862.23M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-867.12M	USD	Point-in-time
Treasury stock, at cost; 147,634 shares at June 30, 2018 and 145,952 shares at March 31, 2018	`TreasuryStockCommonValue`	$1.66M	USD	Point-in-time
Treasury stock, at cost; 147,634 shares at June 30, 2018 and 145,952 shares at March 31, 2018	`TreasuryStockCommonValue`	$1.66M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.76M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$26.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$61.09M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.37M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$19.24M	USD	1 Quarter
Total revenue	`Revenues`	$21.19M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$17.00M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$19.37M	USD	1 Quarter
Gross margin	`GrossProfit`	$1.82M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.24M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$1.15M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$932.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.65M	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`	$6.58M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.76M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.87M	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-14.00K	USD	1 Quarter
Other expense	`OtherNonoperatingIncomeExpense`	$-10.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$118.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$221.00K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.89M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.09M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.09M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.90M	USD	1 Quarter
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	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`	61.76M	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 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-4.09M	USD	1 Quarter
Net loss	`ProfitLoss`	$-4.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$304.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$287.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$105.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$38.00K	USD	1 Quarter
Reduction in accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-3.00K	USD	1 Quarter
Reduction in accounts receivable allowances	`ProvisionForDoubtfulAccounts`	$-13.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$137.00K	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`	$397.00K	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-23.00K	USD	1 Quarter
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$154.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$227.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.79M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-84.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$621.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.01M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.32M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-296.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$61.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.15M	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-455.00K	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-247.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-218.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-1.47M	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$827.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.02M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-732.00K	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$163.00K	USD	1 Quarter
Expenditures for property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$178.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-178.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-163.00K	USD	1 Quarter
Net proceeds from (repayments of) revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$1.50M	USD	1 Quarter
Net proceeds from (repayments of) revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.05M	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$122.00K	USD	1 Quarter
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$125.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$5.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$3.00K	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$2.52M	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$4.97M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$344.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.34M	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$161.00K	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-566.00K	USD	1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.57M	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`	$19.41M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.57M	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`	$82.00K	USD	1 Quarter
Interest	`InterestPaidNet`	$108.00K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$4.00K	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.