10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001575705-22-000575`
Period End Date	20220630
Filing Date	20220815
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	capc_2q22_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 74 Cash Flow Statement 52 Stockholders Equity 27

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$725.66K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$1.48K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$9.45K	USD	Point-in-time
Inventories	`InventoryNet`	$1.03M	USD	Point-in-time
Inventories	`InventoryNet`	$508.92K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$500.75K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$213.68K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$284.87K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.97M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.83M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$64.11K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.93K	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	$67.01K	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	$98.65K	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`	$3.43M	USD	Point-in-time
Total Assets	`Assets`	$4.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$538.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$376.45K	USD	Point-in-time
Notes payable related and unrelated parties and accrued interest-current	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Notes payable related and unrelated parties and accrued interest-current	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.06M	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$70.16K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$73.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$608.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.51M	USD	Point-in-time
Operating lease- long-term portion	`OperatingLeaseLiabilityNoncurrent`	$37.53K	USD	Point-in-time
Operating lease- long-term portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Notes payable related and unrelated parties and accrued interest, less current portion	`NotesPayableRelatedPartiesNoncurrent`	$1.03M	USD	Point-in-time
Notes payable related and unrelated parties and accrued interest, less current portion	`NotesPayableRelatedPartiesNoncurrent`	$605.01K	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`	$878.97K	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.38M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95M	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued and outstanding 48,826,864 shares at June 30, 2022 and 48,893,031 shares at December 31, 2021.	`CommonStockValue`	$4.88K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued and outstanding 48,826,864 shares at June 30, 2022 and 48,893,031 shares at 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`	$8.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.51M	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`	$2.14M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.66M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.04M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.96M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$3.43M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.07M	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$282.89K	USD	2 Qtrs
Revenues, net	`Revenues`	$438.42K	USD	2 Qtrs
Revenues, net	`Revenues`	$19.91K	USD	1 Quarter
Revenues, net	`Revenues`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$309.78K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$11.07K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$198.13K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$128.65K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$8.84K	USD	1 Quarter
Gross Profit	`GrossProfit`	$84.75K	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$11.83K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$194.15K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$7.65K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$61.22K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$415.47K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$350.16K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$218.92K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$702.24K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$262.33K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$105.87K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$76.32K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$203.54K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$79.05K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$96.27K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$52.15K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$44.71K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$197.64K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$118.48K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$94.52K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$258.56K	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.19M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.23M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$549.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$580.80K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-540.36K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.07M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-580.80K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-1.14M	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$30.70K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$41.06K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$152.00K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$24.50K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$28.10K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$16.46K	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$49.00K	USD	2 Qtrs
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$-16.46K	USD	1 Quarter
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$-7.94K	USD	2 Qtrs
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$123.90K	USD	2 Qtrs
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$6.20K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.07M	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-556.82K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-574.60K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.02M	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$54.52K	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$54.52K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-574.60K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-611.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Basic and Diluted	`BasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and Diluted	`BasicAndDiluted`	$-0.02	USD	2 Qtrs
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.66M	shares	1 Quarter
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.85M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.15M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.86M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.07M	USD	2 Qtrs
Depreciation	`Depreciation`	$12.82K	USD	2 Qtrs
Depreciation	`Depreciation`	$4.93K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$8.40K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$6.72K	USD	2 Qtrs
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$29.38K	USD	2 Qtrs
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$31.64K	USD	2 Qtrs
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	-	USD	2 Qtrs
Non-cash stock issued to Directors for loan	`OtherNoncashExpense`	$49.00K	USD	2 Qtrs
Accrued interest added to note payable related and unrelated parties	`AccruedInterestAddedToNotePayableRelatedAndUnrelatedParties`	$30.30K	USD	2 Qtrs
Accrued interest added to note payable related and unrelated parties	`AccruedInterestAddedToNotePayableRelatedAndUnrelatedParties`	-	USD	2 Qtrs
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-155.47K	USD	2 Qtrs
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccruedInterestReceivableNet`	$7.97K	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	$516.99K	USD	2 Qtrs
Increase in inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-287.07K	USD	2 Qtrs
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$460.01K	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-14.41K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-162.10K	USD	2 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-16.81K	USD	2 Qtrs
Decrease in tax refundable	`IncreaseDecreaseInAccruedTaxesPayable`	$284.87K	USD	2 Qtrs
Decrease in tax refundable	`IncreaseDecreaseInAccruedTaxesPayable`	$575.64K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-30.56K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-33.91K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-743.73K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$68.93K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-68.93K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from sale of common stock and stock option exercise, net of costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from sale of common stock and stock option exercise, net of costs	`ProceedsFromIssuanceOfCommonStock`	$1.39M	USD	2 Qtrs
Repurchase of Shares	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Repurchase of Shares	`PaymentsOfStockIssuanceCosts`	$11.66K	USD	2 Qtrs
Proceeds from notes payable related and unrelated parties	`ProceedsFromRelatedPartyDebt`	$600.00K	USD	2 Qtrs
Proceeds from notes payable related and unrelated parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.39M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$588.34K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-551.83K	USD	2 Qtrs
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$580.49K	USD	2 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.66K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.80M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.66K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.22M	USD	Point-in-time
Preferred Stock issued to directors for loan fees	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$49.00K	USD	2 Qtrs
Preferred Stock issued to directors for loan fees	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.04M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.96M	USD	Point-in-time
Shares, Outstanding, Beginning Balance	`SharesOutstanding`	48.79M	shares	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$4.20K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.36K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.36K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-498.99K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-574.60K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-611.34K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$11.66K	USD	1 Quarter
Stock issued to Directors for loan	`StockIssuedDuringPeriodValueOther`	$49.00K	USD	1 Quarter
Common stock for cash, net of fees	`StockIssuedDuringPeriodValueIssuedForServices`	$1.39M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.14M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.04M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.96M	USD	Point-in-time
Shares, Outstanding, Ending Balance	`SharesOutstanding`	48.79M	shares	Point-in-time

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