10-K Filing

CAPSTONE COMPANIES, INC. CIK: 814926 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001903596-23-000255`
Period End Date	20221231
Filing Date	20230331
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	capc_10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 38 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.28M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.46K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$1.48K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$7.72K	USD	Point-in-time
Inventories, net of allowances of $533,254 and $0, respectively	`InventoryNet`	$508.92K	USD	Point-in-time
Common stock, par value per share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net of allowances of $533,254 and $0, respectively	`InventoryNet`	$412.26K	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`	$500.75K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.09K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	$284.87K	USD	Point-in-time
Income tax refundable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.83M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	48.89M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.83M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	48.89M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$518.53K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$76.93K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	$34.15K	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	$98.65K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$24.04K	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`	$1.89M	USD	Point-in-time
Total Assets	`Assets`	$4.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$309.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$538.55K	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	-	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	$413.43K	USD	Point-in-time
Notes payable unrelated party and accrued interest-current	`NotesPayableUnrelatedPartyAndAccruedInterestcurrent`	$206.71K	USD	Point-in-time
Notes payable unrelated party and accrued interest-current	`NotesPayableUnrelatedPartyAndAccruedInterestcurrent`	-	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$70.16K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$37.53K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$608.71K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$967.11K	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 parties and accrued interest-less current portion	`NotesPayableRelatedpartiesAndAccruedInterestlessCurrentPortion`	$821.65K	USD	Point-in-time
Notes payable related parties and accrued interest-less current portion	`NotesPayableRelatedpartiesAndAccruedInterestlessCurrentPortion`	$1.03M	USD	Point-in-time
Notes payable unrelated parties and accrued interest-less current portion	`NotesPayableUnrelatedPartiesAndAccruedInterestlessCurrentPortion`	$360.45K	USD	Point-in-time
Notes payable unrelated parties and accrued interest-less current portion	`NotesPayableUnrelatedPartiesAndAccruedInterestlessCurrentPortion`	-	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredTaxLiabilitiesLongterm`	$273.95K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredTaxLiabilitiesLongterm`	$285.38K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.34M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.95M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.43M	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 56,666,667 shares, issued and outstanding 48,826,864 shares at December 31, 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 December 31, 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`	$-6.44M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.10M	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 Stockholders' Equity	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.07M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.89M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$346.47K	USD	Annual
Revenues, net	`Revenues`	$685.85K	USD	Annual
Increase in inventory reserve and write offs	`InventoryReserve`	-	USD	Annual
Increase in inventory reserve and write offs	`InventoryReserve`	$-692.15K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$256.87K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$638.64K	USD	Annual
Gross Profit	`GrossProfit`	$47.21K	USD	Annual
Gross Profit	`GrossProfit`	$-602.55K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$359.54K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$28.57K	USD	Annual
Compensation	`LaborAndRelatedExpense`	$817.41K	USD	Annual
Compensation	`LaborAndRelatedExpense`	$1.28M	USD	Annual
Professional fees	`ProfessionalFees`	$368.23K	USD	Annual
Professional fees	`ProfessionalFees`	$457.50K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$203.75K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$308.82K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$420.96K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$480.77K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.32M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.40M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-2.92M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-2.36M	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$394.95K	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$456.27K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-48.97K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-69.69K	USD	Annual
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$407.30K	USD	Annual
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$325.27K	USD	Annual
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.95M	USD	Annual
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.60M	USD	Annual
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$15.05K	USD	Annual
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$67.50K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.96M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.66M	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.04	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.05	USD	Annual
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	48.85M	shares	Annual
Basic and Diluted	`WeightedAverageNumberOfSharesOutstandingBasicAndDiluted`	48.20M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.96M	USD	Annual
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.66M	USD	Annual
Depreciation	`DepreciationAndAmortization`	$25.64K	USD	Annual
Depreciation	`DepreciationAndAmortization`	$9.85K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$15.62K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation`	$7.84K	USD	Annual
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$59.85K	USD	Annual
Noncash lease expense	`OperatingLeasesRentExpenseContingentRentals`	$64.50K	USD	Annual
Impairment of equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Impairment of equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$51.28K	USD	Annual
Increase in slow moving inventory allowance	`IncreaseInSlowMovingInventoryAllowance`	-	USD	Annual
Increase in slow moving inventory allowance	`IncreaseInSlowMovingInventoryAllowance`	$533.52K	USD	Annual
Write off of prepaid inventory deposit	`WriteOffOfPrepaidInventoryDeposit`	-	USD	Annual
Write off of prepaid inventory deposit	`WriteOffOfPrepaidInventoryDeposit`	$158.90K	USD	Annual
Amortization of stock issued to Director's for loan	`AmortizationOfStockIssuedToDirectorsForLoan`	$49.00K	USD	Annual
Amortization of stock issued to Director's for loan	`AmortizationOfStockIssuedToDirectorsForLoan`	-	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-71.89K	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-10.34K	USD	Annual
Increase in deferred income tax liabilities- long term	`IncreaseInDeferredIncomeTaxLiabiliiesLongTerm`	$11.43K	USD	Annual
Increase in deferred income tax liabilities- long term	`IncreaseInDeferredIncomeTaxLiabiliiesLongTerm`	$14.26K	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$6.24K	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-118.58K	USD	Annual
Increase in inventories	`IncreaseDecreaseInInventories`	$436.60K	USD	Annual
Increase in inventories	`IncreaseDecreaseInInventories`	$500.14K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-304.76K	USD	Annual
(Increase) decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$425.13K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$-12.89K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$14.41K	USD	Annual
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-287.14K	USD	Annual
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-229.11K	USD	Annual
Decrease in tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-576.45K	USD	Annual
Decrease in tax refundable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-284.87K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-70.16K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-63.31K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.37M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$31.93K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.93K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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 notes payable related parties	`ProceedsFromNotesPayable`	$1.02M	USD	Annual
Proceeds from notes payable related parties	`ProceedsFromNotesPayable`	$500.00K	USD	Annual
Proceeds from notes payable unrelated party	`ProceedsFromNotesPayableUnrelatedParty`	$200.00K	USD	Annual
Proceeds from notes payable unrelated party	`ProceedsFromNotesPayableUnrelatedParty`	-	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	$11.66K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$688.34K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.46M	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$53.72K	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.22M	USD	Annual
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 Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	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
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Interest cash paid	`InterestPaidNet`	-	USD	Annual
Interest cash paid	`InterestPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Stocks issued to Directors for loan fee	`StockIssued1`	-	USD	Annual
Stocks issued to Directors for loan fee	`StockIssued1`	$49.00K	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.84K	USD	Annual
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$15.62K	USD	Annual
Stock issued to Directors for loan	`StockIssuedDuringPeriodValueOther`	$49.00K	USD	Annual
Stock option exercised	`ProceedsFromStockOptionsExercised`	$43.50K	USD	Annual
Common stock for cash, net of fees	`StockIssuedDuringPeriodValueNewIssues`	$1.39M	USD	Annual
Net Loss	`NetIncomeLoss1`	$-2.66M	USD	Annual
Net Loss	`NetIncomeLoss1`	$-1.96M	USD	Annual
Repurchase of shares	`StockRepurchaseDuringPeriodValue`	$-11.66K	USD	Annual
Ending balance, value	`StockholdersEquity`	$2.58M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time

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