10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001575705-21-000537`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	capc_10q2_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 76 Cash Flow Statement 56 Stockholders Equity 23

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$120.06K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$41.69K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$8.78K	USD	Point-in-time
Inventories	`InventoryNet`	$8.78K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$535.63K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$75.62K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.30M	shares	Point-in-time
Income tax refund	`IncomeTaxesReceivable`	$861.32K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.79M	shares	Point-in-time
Income tax refund	`IncomeTaxesReceivable`	$285.67K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.68M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$118.85K	USD	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$54.85K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$158.50K	USD	Point-in-time
Operating lease - right of use asset	`OperatingLeaseRightOfUseAsset`	$129.13K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$11.15K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.56K	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.31M	USD	Point-in-time
Goodwill	`Goodwill`	$1.94M	USD	Point-in-time
Goodwill	`Goodwill`	$1.45M	USD	Point-in-time
Total Assets	`Assets`	$3.84M	USD	Point-in-time
Total Assets	`Assets`	$4.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$825.69K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$885.99K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$63.31K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$66.66K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$952.64K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$889.00K	USD	Point-in-time
Operating lease - long-term portion	`OperatingLeaseLiabilityNoncurrent`	$107.69K	USD	Point-in-time
Operating lease - long-term portion	`OperatingLeaseLiabilityNoncurrent`	$73.78K	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$259.70K	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$259.70K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$367.39K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$333.48K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.29M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, Series C, par value $1.00 per share, authorized 67 shares, issued -0- shares	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 48,793,031 shares at June 30, 2021 and 46,296,364 shares at December 31, 2020	`CommonStockValue`	$4.88K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued 48,793,031 shares at June 30, 2021 and 46,296,364 shares at December 31, 2020	`CommonStockValue`	$4.63K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.55M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.70M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$4.35M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.14M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.58M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$4.98M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.25M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$1.06M	USD	2 Qtrs
Revenues, net	`Revenues`	$906.56K	USD	1 Quarter
Revenues, net	`Revenues`	$438.42K	USD	2 Qtrs
Revenues, net	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$309.78K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$986.36K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$871.54K	USD	1 Quarter
Gross Profit	`GrossProfit`	$128.65K	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	$35.02K	USD	1 Quarter
Gross Profit	`GrossProfit`	$69.18K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$11.83K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$254.93K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$42.95K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$399.73K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$350.16K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$702.24K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$776.40K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$109.71K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$240.24K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$203.54K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$76.32K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$93.19K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$41.57K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$79.05K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$52.15K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$94.52K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$107.55K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$197.64K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$251.91K	USD	2 Qtrs
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	$490.77K	USD	2 Qtrs
Goodwill impairment charge	`AssetImpairmentCharges`	$200.71K	USD	1 Quarter
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$902.22K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$2.11M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$580.80K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.19M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-2.04M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-1.07M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-867.19K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-580.80K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$41.06K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$30.70K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$133.00	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$49.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$24.50K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$133.00	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-7.94K	USD	2 Qtrs
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-133.00	USD	1 Quarter
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$-133.00	USD	2 Qtrs
Total Other Income (Expenses)	`NonoperatingIncomeExpense`	$6.20K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-867.33K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.04M	USD	2 Qtrs
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-574.60K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.07M	USD	2 Qtrs
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	$-783.94K	USD	2 Qtrs
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Benefit for Income Tax	`CurrentIncomeTaxExpenseBenefit`	$-210.25K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.25M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-574.60K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-657.07K	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.30M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.66M	shares	1 Quarter
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.38M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	48.15M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$12.15K	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$4.93K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$17.85K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$8.40K	USD	2 Qtrs
Noncash stock issued to Directors for loan	`OtherNoncashExpense`	$49.00K	USD	2 Qtrs
Noncash stock issued to Directors for loan	`OtherNoncashExpense`	-	USD	2 Qtrs
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$29.38K	USD	2 Qtrs
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$27.37K	USD	2 Qtrs
Unpaid accrued interest on paycheck protection program loan	`UnpaidAccruedInterestOnPaycheckProtectionProgramLoan`	-	USD	2 Qtrs
Unpaid accrued interest on paycheck protection program loan	`UnpaidAccruedInterestOnPaycheckProtectionProgramLoan`	$133.00	USD	2 Qtrs
Goodwill impairment charge	`Goodwillimpairmentcharge`	$490.77K	USD	2 Qtrs
Goodwill impairment charge	`Goodwillimpairmentcharge`	-	USD	2 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$22.02K	USD	2 Qtrs
Increase (decrease) in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$55.81K	USD	2 Qtrs
Increase (decrease) in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-155.47K	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Decrease in inventories	`IncreaseDecreaseInInventories`	$-11.39K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$460.01K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-93.29K	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDeposits`	$14.41K	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDeposits`	$34.87K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$382.83K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.81K	USD	2 Qtrs
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$806.80K	USD	2 Qtrs
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-575.64K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-21.66K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-30.56K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-743.73K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.93K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.74K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.93K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.74K	USD	2 Qtrs
Proceeds from loan under paycheck protection program	`ProceedsFromLoanUnderPaycheckProtectionProgram`	-	USD	2 Qtrs
Proceeds from loan under paycheck protection program	`ProceedsFromLoanUnderPaycheckProtectionProgram`	$89.60K	USD	2 Qtrs
Proceeds from sale of common stock, net of fees	`ProceedsFromIssuanceOrSaleOfEquity`	$1.39M	USD	2 Qtrs
Proceeds from sale of common stock, net of fees	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$36.33K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$53.27K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.39M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.01M	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$580.49K	USD	2 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.12M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Preferred stocks issued to Directors for prepaid loan fee	`StockIssued1`	-	USD	2 Qtrs
Preferred stocks issued to Directors for prepaid loan fee	`StockIssued1`	$49.00K	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$3.70M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.35M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.96M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.93K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.93K	USD	1 Quarter
Repurchase of common stock	`CommonStockSharesIssuedAmount`	$36.33K	USD	1 Quarter
Stocks issued to Directors for loan	`StockIssuedDuringPeriodValueOther`	$49.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss1`	$-597.38K	USD	1 Quarter
Net Loss	`NetIncomeLoss1`	$-574.60K	USD	1 Quarter
Net Loss	`NetIncomeLoss1`	$-657.07K	USD	1 Quarter
Net Loss	`NetIncomeLoss1`	$-498.99K	USD	1 Quarter
Common Stock issued for cash, net of fees	`StockIssuedDuringPeriodSharesNewIssue`	$1.39M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$3.70M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.35M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.96M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time

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