10-Q Filing

CAPSTONE GREEN ENERGY HOLDINGS, INC. CIK: 1009759 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-011298`
Period End Date	20210630
Filing Date	20210811
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	cgrn-20210630x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 66 Stockholders Equity 23

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$324.00K	USD	Point-in-time
Accounts receivable, allowances	`AllowanceForDoubtfulAccountsReceivableCurrent`	$314.00K	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
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.53M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$49.22M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Accounts receivable, net of allowances of $324 at June 30, 2021 and $314 at March 31, 2021	`AccountsReceivableNetCurrent`	$23.87M	USD	Point-in-time
Accounts receivable, net of allowances of $324 at June 30, 2021 and $314 at March 31, 2021	`AccountsReceivableNetCurrent`	$20.59M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$14.94M	USD	Point-in-time
Inventories, net	`InventoryNet`	$11.83M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.95M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	51.50M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.72M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	51.50M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$86.91M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	15.21M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	12.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$93.74M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	12.82M	shares	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$10.67M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time
Property, plant, equipment and rental assets, net	`PropertyPlantAndEquipmentNet`	$9.63M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.80M	USD	Point-in-time
Non-current portion of inventories	`InventoryNoncurrent`	$1.84M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	73,954.00	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockCommonShares`	77,307.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.64M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.50M	USD	Point-in-time
Total assets	`Assets`	$106.02M	USD	Point-in-time
Total assets	`Assets`	$113.71M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$22.40M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.77M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.56M	USD	Point-in-time
Accrued salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.89M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$3.90M	USD	Point-in-time
Accrued warranty reserve	`ProductWarrantyAccrualClassifiedCurrent`	$5.85M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$6.37M	USD	Point-in-time
Current portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$576.00K	USD	Point-in-time
Current portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsCurrent`	$1.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$34.46M	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$765.00K	USD	Point-in-time
Deferred revenue - non-current	`ContractWithCustomerLiabilityNoncurrent`	$734.00K	USD	Point-in-time
Term note payable, net	`LongTermDebtNoncurrent`	$50.92M	USD	Point-in-time
Term note payable, net	`LongTermDebtNoncurrent`	$52.87M	USD	Point-in-time
Long-term portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$4.76M	USD	Point-in-time
Long-term portion of notes payable and lease obligations	`NotesPayableAndCapitalLeaseObligationsNoncurrent`	$4.59M	USD	Point-in-time
Total liabilities	`Liabilities`	$92.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$91.21M	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; 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, 15,206,891 shares issued and 15,128,731 shares outstanding at June 30, 2021; 12,898,144 shares issued and 12,824,190 shares outstanding at March 31, 2021	`CommonStockValue`	$13.00K	USD	Point-in-time
Common stock, $.001 par value; 51,500,000 shares authorized, 15,206,891 shares issued and 15,128,731 shares outstanding at June 30, 2021; 12,898,144 shares issued and 12,824,190 shares outstanding at March 31, 2021	`CommonStockValue`	$15.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$945.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$934.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-921.45M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-919.27M	USD	Point-in-time
Treasury stock, at cost; 77,307 shares at June 30, 2021 and 73,954 shares at March 31, 2021	`TreasuryStockCommonValue`	$1.98M	USD	Point-in-time
Treasury stock, at cost; 77,307 shares at June 30, 2021 and 73,954 shares at March 31, 2021	`TreasuryStockCommonValue`	$1.95M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$12.88M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.17M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$13.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.50M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$106.02M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$113.71M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$14.19M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$16.08M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$10.82M	USD	1 Quarter
Total cost of goods sold	`CostOfGoodsAndServicesSold`	$13.43M	USD	1 Quarter
Gross margin	`GrossProfit`	$2.65M	USD	1 Quarter
Gross margin	`GrossProfit`	$3.37M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$883.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$370.00K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.55M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$5.32M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.92M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$6.21M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-3.56M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-543.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$4.00K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$665.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.24M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.29M	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.90M	USD	Point-in-time
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.95M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.82M	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.17M	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`	$-2.18M	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
Net loss per common share attributable to common stockholders-basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.16	USD	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.23M	shares	1 Quarter
Weighted average shares used to calculate basic and diluted net loss per common share attributable to common stockholders (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	10.60M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.82M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.18M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$386.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$354.00K	USD	1 Quarter
Amortization of financing costs and discounts	`AmortizationOfFinancingCosts`	$298.00K	USD	1 Quarter
Amortization of financing costs and discounts	`AmortizationOfFinancingCosts`	$9.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$94.00K	USD	1 Quarter
Amortization of right-of-use assets	`OperatingLeaseRightOfUseAssetAmortization`	$93.00K	USD	1 Quarter
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.90M	USD	Point-in-time
Gain on debt extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$1.95M	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$276.00K	USD	1 Quarter
Inventory provision	`InventoryWriteDown`	$-118.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$44.00K	USD	1 Quarter
Provision for warranty expenses	`ProductWarrantyExpense`	$186.00K	USD	1 Quarter
Gain on disposal of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$305.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$210.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.58M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.28M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.34M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.65M	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$107.00K	USD	1 Quarter
Prepaid expenses, other current assets and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$188.00K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.32M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-4.36M	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-484.00K	USD	1 Quarter
Accrued salaries and wages and long term liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-325.00K	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-1.99M	USD	1 Quarter
Accrued warranty reserve	`IncreaseDecreaseInAccruedWarrantyLiability`	$-352.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-916.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-405.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.14M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.87M	USD	1 Quarter
Expenditures for property, plant, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.20M	USD	1 Quarter
Expenditures for property, plant, equipment and rental assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.20M	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`	$106.00K	USD	1 Quarter
Repayment of notes payable and lease obligations	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$216.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$4.00K	USD	1 Quarter
Cash used in employee stock-based transactions	`NetCashUsedInEmployeeStockBasedTransactions`	$29.00K	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfOfferingCosts`	$1.38M	USD	1 Quarter
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfOfferingCosts`	$4.60M	USD	Point-in-time
Net proceeds from issuance of common stock and warrants	`ProceedsFromIssuanceOfCommonStockAndWarrantsNetOfOfferingCosts`	$11.16M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.02M	USD	1 Quarter
Net increase (decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.16M	USD	1 Quarter
Net increase (decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-317.00K	USD	1 Quarter
Cash and Cash Equivalents, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.22M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.53M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.07M	USD	Point-in-time
Cash and Cash Equivalents, Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.22M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.53M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.07M	USD	Point-in-time
Cash and Cash Equivalents, End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.23M	USD	Point-in-time
Cash paid during the period for: Interest	`InterestPaidNet`	$1.32M	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`	$191.00K	USD	1 Quarter
Acquisition of property and equipment through accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$56.00K	USD	1 Quarter
Renewal of insurance contracts financed by notes payable	`NotesPayableForInsuranceContract`	$593.00K	USD	1 Quarter
Renewal of insurance contracts financed by notes payable	`NotesPayableForInsuranceContract`	$567.00K	USD	1 Quarter
Issuance of common stock for services to be received	`StockIssued1`	$75.00K	USD	1 Quarter

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$12.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.50M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.82M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$29.00K	USD	1 Quarter
Purchase of treasury stock	`TreasuryStockValueAcquiredCostMethod`	$4.00K	USD	1 Quarter
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$29.00K	USD	1 Quarter
Vested restricted stock awards	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$4.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$305.00K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$210.00K	USD	1 Quarter
Issuance of common stock, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$11.21M	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`	$-2.18M	USD	1 Quarter
Balance	`StockholdersEquity`	$12.88M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.17M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.02M	USD	Point-in-time
Balance	`StockholdersEquity`	$22.50M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	12.82M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	15.13M	shares	Point-in-time

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