10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001903596-23-000415`
Period End Date	20230331
Filing Date	20230515
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	capc_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 11

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Inventory, net of allowances	`InventoryAdjustments`	$524.99K	USD	Point-in-time
Inventory, net of allowances	`InventoryAdjustments`	$533.25K	USD	Point-in-time
Cash	`Cash`	$24.40K	USD	Point-in-time
Cash	`Cash`	$61.46K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$7.72K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$2.15K	USD	Point-in-time
Inventories, net of allowances of $524,994 and $533,254, respectively	`InventoryNet`	$404.00K	USD	Point-in-time
Inventories, net of allowances of $524,994 and $533,254, respectively	`InventoryNet`	$412.26K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$35.54K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.09K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$518.53K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$466.09K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48,826.86	shares	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`	$17.23K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48,826.86	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$24.04K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48,826.86	shares	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$12.89K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48,826.86	shares	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`	$1.81M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$309.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$468.27K	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	$643.08K	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`	$209.18K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$18.93K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$37.53K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$967.11K	USD	Point-in-time
Notes payable related parties and accrued interest, less current portion	`NotesPayableRelatedPartiesAndAccruedInterestLessCurrentPortion`	$831.26K	USD	Point-in-time
Notes payable related parties and accrued interest, less current portion	`NotesPayableRelatedPartiesAndAccruedInterestLessCurrentPortion`	$821.65K	USD	Point-in-time
Notes payable unrelated party and accrued interest, less current portion	`NotesPayableUnrelatedPartyAndAccruedInterestLessNonCurrentPortion`	$360.45K	USD	Point-in-time
Notes payable unrelated party and accrued interest, less current portion	`NotesPayableUnrelatedPartyAndAccruedInterestLessNonCurrentPortion`	$364.64K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredIncomeTaxLiabilitiesNet`	$285.38K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredIncomeTaxLiabilitiesNet`	$285.38K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.48M	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.82M	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 March 31, 2023 and December 31, 2022.	`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 March 31, 2023 and December 31, 2022.	`CommonStockValue`	$4.88K	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`	$-9.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.57M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Total Stockholders Deficit	`StockholdersEquity`	$1.66M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.81M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$5.55K	USD	1 Quarter
Revenues, net	`Revenues`	$262.98K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.35K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$187.06K	USD	1 Quarter
Gross Profit	`GrossProfit`	$3.20K	USD	1 Quarter
Gross Profit	`GrossProfit`	$75.92K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$132.93K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$18.78K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$196.55K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$137.78K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$156.46K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$142.43K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$33.73K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$51.56K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$140.07K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$114.72K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$677.58K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$447.44K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-601.66K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-444.24K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$152.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-11.64K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-22.43K	USD	1 Quarter
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$140.36K	USD	1 Quarter
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$-22.43K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-466.68K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-461.30K	USD	1 Quarter
Income Tax (Benefit) Expense	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income Tax (Benefit) Expense	`CurrentIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-466.68K	USD	1 Quarter
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`BasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and Diluted	`BasicAndDilutedShares`	48.83M	shares	1 Quarter
Basic and Diluted	`BasicAndDilutedShares`	48.89M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-466.68K	USD	1 Quarter
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-461.30K	USD	1 Quarter
Depreciation	`Depreciation`	$6.41K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Stock based compensation expense	`ShareBasedCompensation`	-	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`	$16.92K	USD	1 Quarter
Accrued interest added to notes payable related and unrelated parties	`AccruedInterestAddedToNotesPayableRelatedAndUnrelatedParties`	$21.79K	USD	1 Quarter
Accrued interest added to notes payable related and unrelated parties	`AccruedInterestAddedToNotesPayableRelatedAndUnrelatedParties`	$12.57K	USD	1 Quarter
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccruedInterestReceivableNet`	$143.53K	USD	1 Quarter
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccruedInterestReceivableNet`	$-5.56K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$8.26K	USD	1 Quarter
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-526.28K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.55K	USD	1 Quarter
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-288.30K	USD	1 Quarter
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-11.15K	USD	1 Quarter
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$158.83K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$88.94K	USD	1 Quarter
Income tax refundable	`IncomeTaxRefundable`	$231.16K	USD	1 Quarter
Income tax refundable	`IncomeTaxRefundable`	-	USD	1 Quarter
Increase in employee retention tax refundable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-152.00K	USD	1 Quarter
Increase in employee retention tax refundable	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-18.60K	USD	1 Quarter
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-16.81K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-261.21K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-653.50K	USD	1 Quarter
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	$224.15K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$224.15K	USD	1 Quarter
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-37.06K	USD	1 Quarter
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-653.50K	USD	1 Quarter
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.40K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$623.99K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$24.40K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$623.99K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Interest cash paid	`InterestPaid`	-	USD	1 Quarter
Interest cash paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Net Loss	`ProfitLoss`	$-461.30K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-466.68K	USD	1 Quarter
Stock options for compensation	`StockIssuedDuringPeriodValueEmployeeBenefitPlan`	$3.36K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time

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