10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001575705-22-000343`
Period End Date	20220331
Filing Date	20220516
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	capc_10q1_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 44 Stockholders Equity 13

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$623.99K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$145.01K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$1.48K	USD	Point-in-time
Inventories	`InventoryNet`	$508.92K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$1.04M	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$212.45K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$500.75K	USD	Point-in-time
Employee retention tax refundable	`EmployeeRetentionTaxRefundable`	$152.00K	USD	Point-in-time
Employee retention tax refundable	`EmployeeRetentionTaxRefundable`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$53.72K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$284.87K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.22M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.93K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$70.52K	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`	$82.98K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$11.15K	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`	$3.70M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$627.49K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$538.55K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$71.95K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$70.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$699.45K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$608.71K	USD	Point-in-time
Operating lease- long-term portion	`OperatingLeaseLiabilityNoncurrent`	$18.93K	USD	Point-in-time
Operating lease- long-term portion	`OperatingLeaseLiabilityNoncurrent`	$37.53K	USD	Point-in-time
Note payable related parties and accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.04M	USD	Point-in-time
Note payable related parties and accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.03M	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredIncomeTaxLiabilitiesNet`	$273.95K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredIncomeTaxLiabilitiesNet`	$273.95K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.04M	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued and outstanding 48,893,031 shares at March 31, 2022 and December 31, 2021.	`CommonStockValue`	$4.89K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued and outstanding 48,893,031 shares at March 31, 2022 and December 31, 2021.	`CommonStockValue`	$4.89K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.90M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.44M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.58M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.14M	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`	$3.70M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$262.98K	USD	1 Quarter
Revenues, net	`Revenues`	$438.42K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$187.06K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$309.78K	USD	1 Quarter
Gross Profit	`GrossProfit`	$75.92K	USD	1 Quarter
Gross Profit	`GrossProfit`	$128.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$4.18K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$132.93K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$352.08K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$196.55K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$156.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$127.22K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$51.56K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$26.89K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$103.12K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$140.07K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$677.58K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$613.50K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-484.85K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-601.66K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	$152.00K	USD	1 Quarter
Other Income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest expense , net	`InterestIncomeExpenseNet`	$-14.14K	USD	1 Quarter
Interest expense , net	`InterestIncomeExpenseNet`	$-11.64K	USD	1 Quarter
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-14.14K	USD	1 Quarter
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$140.36K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-461.30K	USD	1 Quarter
Loss Before Tax Benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-498.99K	USD	1 Quarter
Income Tax Expense (Benefit)	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Tax Expense (Benefit)	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`WeightedAverageSharesBasicAndDiluted`	46.30M	shares	1 Quarter
Basic and Diluted	`WeightedAverageSharesBasicAndDiluted`	48.89M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-498.99K	USD	1 Quarter
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-461.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.46K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.41K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$4.20K	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	$3.36K	USD	1 Quarter
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$15.67K	USD	1 Quarter
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$14.55K	USD	1 Quarter
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	$24.50K	USD	1 Quarter
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	-	USD	1 Quarter
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	-	USD	1 Quarter
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-12.57K	USD	1 Quarter
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-47.04K	USD	1 Quarter
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-143.53K	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Increase in inventories	`IncreaseDecreaseInInventories`	$-526.28K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$32.33K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$288.30K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.94K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.68K	USD	1 Quarter
Increase employee retention tax refundable	`IncreaseDecreaseInDueToEmployeesCurrent`	-	USD	1 Quarter
Increase employee retention tax refundable	`IncreaseDecreaseInDueToEmployeesCurrent`	$-152.00K	USD	1 Quarter
Income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$231.16K	USD	1 Quarter
Income tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$575.64K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-15.15K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-16.81K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$238.20K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-653.50K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-653.50K	USD	1 Quarter
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$238.20K	USD	1 Quarter
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$623.99K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$623.99K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Stocks issued to directors for loan fee	`StockIssued1`	$24.50K	USD	1 Quarter
Stocks issued to directors for loan fee	`StockIssued1`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.36K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock issued to Directors for loan	`StockIssuedDuringPeriodValueOther`	$49.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.14M	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.