10-K Filing

CAPSTONE COMPANIES, INC. CIK: 814926 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001575705-22-000234`
Period End Date	20211231
Filing Date	20220331
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	capc_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 38 Cash Flow Statement 58 Stockholders Equity 16

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.22M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$120.06K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$1.48K	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`	$508.92K	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`	$500.75K	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 outstanding	`CommonStockSharesOutstanding`	46.30M	shares	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$284.87K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$861.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.30M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.93K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$54.85K	USD	Point-in-time
Operating lease - right of use asset, net	`OperatingLeaseRightOfUseAsset`	$98.65K	USD	Point-in-time
Operating lease - right of use asset, net	`OperatingLeaseRightOfUseAsset`	$158.50K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$25.56K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$11.15K	USD	Point-in-time
Goodwill	`GoodwillNoncurrent`	$1.31M	USD	Point-in-time
Goodwill	`GoodwillNoncurrent`	$1.31M	USD	Point-in-time
Total Assets	`Assets`	$4.07M	USD	Point-in-time
Total Assets	`Assets`	$3.84M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$538.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$825.69K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$63.31K	USD	Point-in-time
Operating lease - current portion	`OperatingLeaseLiabilityCurrent`	$70.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$608.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$889.00K	USD	Point-in-time
Operating lease-long- term portion	`OperatingLeaseLiabilityNoncurrent`	$37.53K	USD	Point-in-time
Operating lease-long- term portion	`OperatingLeaseLiabilityNoncurrent`	$107.69K	USD	Point-in-time
Note payable related parties and accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.03M	USD	Point-in-time
Note payable related parties and accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$273.95K	USD	Point-in-time
Deferred tax liabilities-long-term	`DeferredIncomeTaxLiabilitiesNet`	$259.70K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$367.39K	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.26M	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, outstanding 48,893,031 shares at December 31, 2021 and 46,296,364 shares at December 31, 2020	`CommonStockValue`	$4.63K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, outstanding 48,893,031 shares at December 31, 2021 and 46,296,364 shares at December 31, 2020	`CommonStockValue`	$4.89K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.05M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.47M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$4.98M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.58M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.07M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.84M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$2.77M	USD	Annual
Revenues, net	`Revenues`	$685.85K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$638.64K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$2.27M	USD	Annual
Gross Profit	`GrossProfit`	$47.21K	USD	Annual
Gross Profit	`GrossProfit`	$503.77K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$28.57K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$300.42K	USD	Annual
Compensation	`LaborAndRelatedExpense`	$1.28M	USD	Annual
Compensation	`LaborAndRelatedExpense`	$1.52M	USD	Annual
Professional fees	`ProfessionalFees`	$368.23K	USD	Annual
Professional fees	`ProfessionalFees`	$422.82K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$308.82K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$249.88K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$477.12K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$420.96K	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	$623.54K	USD	Annual
Goodwill impairment charge	`AssetImpairmentCharges`	-	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$3.59M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.40M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-2.36M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-3.09M	USD	Annual
Other Income, net	`OtherNonoperatingIncome`	$89.60K	USD	Annual
Other Income, net	`OtherNonoperatingIncome`	$456.27K	USD	Annual
Interest Income (Expense), net	`InterestIncomeExpenseNet`	$179.00	USD	Annual
Interest Income (Expense), net	`InterestIncomeExpenseNet`	$-48.97K	USD	Annual
Total Other Income, net	`NonoperatingIncomeExpense`	$89.78K	USD	Annual
Total Other Income, net	`NonoperatingIncomeExpense`	$407.30K	USD	Annual
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-3.00M	USD	Annual
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.95M	USD	Annual
Income Tax Expense (Benefit)	`CurrentIncomeTaxExpenseBenefit`	$15.05K	USD	Annual
Income Tax Expense (Benefit)	`CurrentIncomeTaxExpenseBenefit`	$-611.94K	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.38M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.96M	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.05	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.04	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	48.20M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	46.34M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net Los	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.38M	USD	Annual
Net Los	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.96M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$9.85K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$24.30K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$28.07K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$15.62K	USD	Annual
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$59.85K	USD	Annual
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$55.70K	USD	Annual
Goodwill impairment charge	`Goodwillimpairmentcharge`	$623.54K	USD	Annual
Goodwill impairment charge	`Goodwillimpairmentcharge`	-	USD	Annual
Stock issued to directors for loan	`OtherNoncashExpense`	$49.00K	USD	Annual
Stock issued to directors for loan	`OtherNoncashExpense`	-	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-10.34K	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	-	USD	Annual
Increase in deferred income tax liabilities-long-term	`IncreaseDecreaseInIncomeTaxes`	$14.26K	USD	Annual
Increase in deferred income tax liabilities-long-term	`IncreaseDecreaseInIncomeTaxes`	$259.70K	USD	Annual
Noncash accounts receivable allowance	`NoncashAccountsReceivableAllowance`	-	USD	Annual
Noncash accounts receivable allowance	`NoncashAccountsReceivableAllowance`	$-173.43K	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$106.61K	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-118.58K	USD	Annual
(increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-16.04K	USD	Annual
(increase) decrease in inventories	`IncreaseDecreaseInInventories`	$500.14K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-107.16K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$425.13K	USD	Annual
Decrease in deposits	`IncreaseDecreaseInDeposits`	$14.41K	USD	Annual
Decrease in deposits	`IncreaseDecreaseInDeposits`	$20.46K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.67K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-287.14K	USD	Annual
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-576.45K	USD	Annual
(Increase) decrease in income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$641.11K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-63.31K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-51.17K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.86M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.37M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.50K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.93K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-13.50K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.93K	USD	Annual
Proceeds from sale of common stock and stock option exercise, net of costs	`ProceedsFromIssuanceOrSaleOfEquity`	$1.44M	USD	Annual
Proceeds from sale of common stock and stock option exercise, net of costs	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	Annual
Proceeds from note payable related parties	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from note payable related parties	`ProceedsFromNotesPayable`	$1.02M	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$36.33K	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-36.33K	USD	Annual
Net cash provided (used) in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.46M	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$53.72K	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.91M	USD	Annual
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	USD	Point-in-time
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.13M	USD	Point-in-time
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Stocks issued to directors for loan fee	`StockIssued1`	-	USD	Annual
Stocks issued to directors for loan fee	`StockIssued1`	$49.00K	USD	Annual
Interest accrued note payable related party	`InterestAccruedNotePayableRelatedParty`	-	USD	Annual
Interest accrued note payable related party	`InterestAccruedNotePayableRelatedParty`	$10.34K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$28.07K	USD	Annual
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$15.62K	USD	Annual
Stock issued to Directors for loan	`StockIssuedDuringPeriodValueOther`	$48.97K	USD	Annual
Stock option exercised	`ProceedsFromStockOptionsExercised`	$43.50K	USD	Annual
Stock option exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	-	shares	Annual
Stock option exercised, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	100,000.00	shares	Annual
Common stock for cash, net of fees	`StockIssuedDuringPeriodValueNewIssues`	$1.39M	USD	Annual
Repurchase of shares	`StockRepurchaseDuringPeriodValue`	$-36.33K	USD	Annual
Net Loss	`NetIncomeLoss1`	$-2.38M	USD	Annual
Net Loss	`NetIncomeLoss1`	$-1.96M	USD	Annual
Ending balance, value	`StockholdersEquity`	$4.98M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time

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