10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-009696`
Period End Date	20200630
Filing Date	20200806
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	cpst-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 29 Cash Flow Statement 63 Stockholders Equity 21

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$703.00K	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$751.00K	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`	$16.23M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.07M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowances of $751 at June 30, 2020 and $703 at March 31, 2020	`AccountsReceivableNetCurrent`	$16.24M	USD	Point-in-time
Accounts receivable, net of allowances of $751 at June 30, 2020 and $703 at March 31, 2020	`AccountsReceivableNetCurrent`	$14.65M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$21.46M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$17.58M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.78M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	51.50M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	51.50M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$3.99M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$53.24M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$56.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	11.02M	shares	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$7.75M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	10.23M	shares	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$7.56M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	57,577.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.22M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockCommonShares`	61,019.00	shares	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.57M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$8.23M	USD	Point-in-time
Total assets	`Assets`	$70.47M	USD	Point-in-time
Total assets	`Assets`	$73.95M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$10.80M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$15.00M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.16M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.64M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.93M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$1.77M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$7.90M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$7.03M	USD	Point-in-time
Current portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$878.00K	USD	Point-in-time
Current portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$477.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.95M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.63M	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$944.00K	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$902.00K	USD	Point-in-time
Term note payable, net	`SeniorLongTermNotes`	$30.11M	USD	Point-in-time
Term note payable, net	`SeniorLongTermNotes`	$27.96M	USD	Point-in-time
Long-term portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$4.94M	USD	Point-in-time
Long-term portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$5.07M	USD	Point-in-time
Total liabilities	`Liabilities`	$60.93M	USD	Point-in-time
Total liabilities	`Liabilities`	$57.59M	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; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 par value; 1,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value; 51,500,000 shares authorized, 11,084,940 shares issued and 11,023,921 shares outstanding at June 30, 2020; 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020	`CommonStockValue`	$10.00K	USD	Point-in-time
Common stock, $.001 par value; 51,500,000 shares authorized, 11,084,940 shares issued and 11,023,921 shares outstanding at June 30, 2020; 10,286,366 shares issued and 10,228,789 shares outstanding at March 31, 2020	`CommonStockValue`	$11.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$917.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$915.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-900.87M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-902.69M	USD	Point-in-time
Treasury stock, at cost; 61,019 shares at June 30, 2020 and 57,577 shares at March 31, 2020	`TreasuryStockCommonValue`	$1.88M	USD	Point-in-time
Treasury stock, at cost; 61,019 shares at June 30, 2020 and 57,577 shares at March 31, 2020	`TreasuryStockCommonValue`	$1.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$23.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$19.05M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$12.88M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$13.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$73.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$70.47M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$19.24M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$14.19M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$16.38M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$10.82M	USD	1 Quarter
Gross margin	`GrossProfit`	$3.37M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$370.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$938.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.55M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$6.24M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.17M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-543.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income (expense)	`OtherNonoperatingIncomeExpense`	$1.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.29M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.28M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.82M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-5.58M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.77	USD	1 Quarter
Net loss per common share attributable to common stockholders-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 attributable to common stockholders (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,258.00	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10,598.00	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-5.59M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.82M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$354.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$373.00K	USD	1 Quarter
Amortization of financing costs and discounts	`AmortizationOfFinancingCosts`	$298.00K	USD	1 Quarter
Amortization of financing costs and discounts	`AmortizationOfFinancingCosts`	$290.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$94.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$359.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$-118.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$220.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$205.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$186.00K	USD	1 Quarter
(Gain) loss on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$210.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$262.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.65M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$363.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$188.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$459.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.86M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.36M	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-276.00K	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-484.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-352.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-372.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-916.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$651.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.87M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.17M	USD	1 Quarter
Expenditures for property, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$977.00K	USD	1 Quarter
Expenditures for property, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-977.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-74.00K	USD	1 Quarter
Net proceeds from term note payable	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.95M	USD	1 Quarter
Repayment of notes payable and lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$216.00K	USD	1 Quarter
Repayment of notes payable and lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$195.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$4.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$1.00K	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$4.60M	USD	Point-in-time
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$1.38M	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOrSaleOfEquity`	$1.22M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.03M	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.12M	USD	1 Quarter
Net increase (decrease) in Cash, Cash Equivalents and Restricted Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.16M	USD	1 Quarter
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.07M	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`	$24.61M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.07M	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`	$24.61M	USD	Point-in-time
Cash, Cash Equivalents and Restricted Cash, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$607.00K	USD	1 Quarter
Cash paid during the period for: Interest	`InterestPaidNet`	$1.04M	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$15.00K	USD	1 Quarter
Cash paid during the period for: Income taxes	`IncomeTaxesPaid`	$5.00K	USD	1 Quarter
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$56.00K	USD	1 Quarter
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$93.00K	USD	1 Quarter
Renewal of insurance contracts which was financed by notes payable	`NotesPayableForInsuranceContract`	$593.00K	USD	1 Quarter
Renewal of insurance contracts which was financed by notes payable	`NotesPayableForInsuranceContract`	$536.00K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$23.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.02M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	11.02M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.23M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$4.00K	USD	1 Quarter
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$4.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$210.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$262.00K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$1.22M	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$1.37M	USD	1 Quarter
Change in warrants valuation	`IncreaseDecreaseToAdditionalPaidInCapitalChangeInWarrantValuation`	$99.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.82M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.59M	USD	1 Quarter
Balance	`StockholdersEquity`	$23.15M	USD	Point-in-time
Balance	`StockholdersEquity`	$19.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.02M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	11.02M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	10.23M	shares	Point-in-time

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