10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001558370-19-005619`
Period End Date	20190331
Filing Date	20190611
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	cpst-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 30 Cash Flow Statement 61 Stockholders Equity 24

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances (in dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$5.30M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.73M	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 issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$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 $5,298 at March 31, 2019 and $5,744 at March 31, 2018	`AccountsReceivableNetCurrent`	$15.97M	USD	Point-in-time
Accounts receivable, net of allowances of $5,298 at March 31, 2019 and $5,744 at March 31, 2018	`AccountsReceivableNetCurrent`	$16.22M	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`	$20.34M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	515.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.82M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	57.06M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	71.97M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.11M	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`	71.71M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	145,952.00	shares	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$2.86M	USD	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$5.29M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	262,383.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.40M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.04M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$187.00K	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`	$2.97M	USD	Point-in-time
Total assets	`Assets`	$79.96M	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`	$16.64M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.64M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.59M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$2.61M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.68M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$7.17M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.60M	USD	Point-in-time
Revolving credit facility	`LinesOfCreditCurrent`	$8.53M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$31.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$192.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$28.09M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$32.09M	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$1.07M	USD	Point-in-time
Term note payable, net	`SeniorLongTermNotes`	$27.10M	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$130.00K	USD	Point-in-time
Long-term portion of notes payable and capital lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$212.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$342.00K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$396.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$32.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$56.81M	USD	Point-in-time
Commitments and contingencies (Note 13)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 13)	`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, 71,971,586 shares issued and 71,709,203 shares outstanding at March 31, 2019; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018	`CommonStockValue`	$57.00K	USD	Point-in-time
Common stock, $.001 par value; 515,000,000 shares authorized, 71,971,586 shares issued and 71,709,203 shares outstanding at March 31, 2019; 57,062,598 shares issued and 56,916,646 shares outstanding at March 31, 2018	`CommonStockValue`	$72.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$889.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$903.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-878.88M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-862.23M	USD	Point-in-time
Treasury stock, at cost; 262,383 shares at March 31, 2019 and 145,952 shares at March 31, 2018	`TreasuryStockCommonValue`	$1.66M	USD	Point-in-time
Treasury stock, at cost; 262,383 shares at March 31, 2019 and 145,952 shares at March 31, 2018	`TreasuryStockCommonValue`	$1.77M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$20.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$23.15M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$25.76M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$58.37M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$79.96M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	$82.84M	USD	Annual
Total revenue	`Revenues`	$83.41M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$73.96M	USD	Annual
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$67.86M	USD	Annual
Gross margin	`GrossProfit`	$9.45M	USD	Annual
Gross margin	`GrossProfit`	$14.98M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$3.60M	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$4.04M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$20.96M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$19.61M	USD	Annual
Total operating expenses	`OperatingExpenses`	$23.65M	USD	Annual
Total operating expenses	`OperatingExpenses`	$24.56M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-15.11M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-8.67M	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-2.00K	USD	Annual
Other income (expense)	`OtherNonoperatingIncomeExpense`	$-43.00K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$9.00K	USD	Annual
Interest expense	`InterestExpense`	$1.50M	USD	Annual
Interest expense	`InterestExpense`	$606.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$741.00K	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-16.65M	USD	Annual
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.01M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.00K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-10.03M	USD	Annual
Net loss	`NetIncomeLoss`	$-16.66M	USD	Annual
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.20	USD	Annual
Net loss per common share-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.25	USD	Annual
Weighted average shares used to calculate basic and diluted net loss per common share (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	66.99M	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 61 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-16.66M	USD	Annual
Net loss	`ProfitLoss`	$-10.03M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.17M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.26M	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$311.00K	USD	Annual
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$202.00K	USD	Annual
Reduction in accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$345.00K	USD	Annual
Reduction in accounts receivable allowances	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$1.10M	USD	Annual
Inventory provision	`InventoryWriteDown`	$1.42M	USD	Annual
Inventory provision	`InventoryWriteDown`	$778.00K	USD	Annual
Provision for warranty expenses	`ProductWarrantyExpense`	$2.20M	USD	Annual
Provision for warranty expenses	`ProductWarrantyExpense`	$942.00K	USD	Annual
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-210.00K	USD	Annual
Loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-2.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$586.00K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$907.00K	USD	Annual
Change in warrant valuation	`FairValueAdjustmentOfWarrants`	$741.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-91.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.22M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$2.60M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$5.85M	USD	Annual
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-10.00K	USD	Annual
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.81M	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-866.00K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.05M	USD	Annual
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-6.00K	USD	Annual
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$9.00K	USD	Annual
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-1.27M	USD	Annual
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-3.03M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$1.64M	USD	Annual
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$459.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-17.70M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.64M	USD	Annual
Expenditures for property, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.75M	USD	Annual
Expenditures for property, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.36M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.75M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.36M	USD	Annual
Net repayments of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-3.01M	USD	Annual
Net repayments of revolving credit facility	`ProceedsFromRepaymentsOfLinesOfCredit`	$-8.53M	USD	Annual
Net proceeds from term note payable	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$29.26M	USD	Annual
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$337.00K	USD	Annual
Repayment of notes payable and capital lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$457.00K	USD	Annual
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$114.00K	USD	Annual
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$22.00K	USD	Annual
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$13.58M	USD	Annual
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$11.10M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.38M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.10M	USD	Annual
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$10.32M	USD	Annual
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-297.00K	USD	Annual
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`	$29.73M	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`	$19.70M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.73M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.41M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$414.00K	USD	Annual
Cash paid during the period for: Interest	`InterestPaidNet`	$453.00K	USD	Annual
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$6.00K	USD	Annual
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$30.00K	USD	Annual
Renewal of insurance contracts which was financed by notes payable	`NotesPayableForInsuranceContract`	$422.00K	USD	Annual

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$20.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$25.76M	USD	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$114.00K	USD	Annual
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$19.00K	USD	Annual
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$17.00K	USD	Annual
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$113.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$586.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$907.00K	USD	Annual
Exercise of stock options and employee stock purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan`	$4.00K	USD	Annual
Exercise of stock options and employee stock purchases	`StockIssuedDuringPeriodValueStockOptionsExercisedAndEmployeeStockPurchasePlan`	$1.00K	USD	Annual
Stock awards to Board of Directors	`StockIssuedDuringPeriodValueStockAwardToBoardOfDirectors`	$-70.00K	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`	$10.95M	USD	Annual
Issuance of common stock, net of issuance costs (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	3.81M	shares	Point-in-time
Warrants exercised	`StockIssuedDuringPeriodValueStockWarrantsExercised`	$1.74M	USD	Annual
Warrants issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.27M	USD	Annual
Change in warrants valuation	`IncreaseDecreaseToAdditionalPaidInCapitalChangeInWarrantValuation`	$741.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-10.03M	USD	Annual
Net loss	`NetIncomeLoss`	$-16.66M	USD	Annual
Balance	`StockholdersEquity`	$20.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$23.15M	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.