10-Q Filing

CAPSTONE COMPANIES, INC. CIK: 814926 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001903596-23-000620`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	capc_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 76 Cash Flow Statement 50 Stockholders Equity 21

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Inventory Adjustments	`InventoryAdjustments`	$533.25K	USD	Point-in-time
Inventory Adjustments	`InventoryAdjustments`	$503.87K	USD	Point-in-time
Cash	`Cash`	$61.46K	USD	Point-in-time
Cash	`Cash`	$11.37K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$20.46K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$7.72K	USD	Point-in-time
Inventories, net of allowances of $503,873 and $533,254, respectively	`InventoryNet`	$412.26K	USD	Point-in-time
Inventories, net of allowances of $503,873 and $533,254, respectively	`InventoryNet`	$376.78K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$37.09K	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$34.18K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	56.67M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$442.79K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$518.53K	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease- right of use asset, net	`OperatingLeaseRightOfUseAsset`	$34.15K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.83M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	48.83M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.83M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$42.97K	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	-	USD	Point-in-time
Deposit	`DepositsAssetsNoncurrent`	$24.04K	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`	$1.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$309.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$616.27K	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	$1.65M	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`	$580.55K	USD	Point-in-time
Notes payable unrelated party and accrued interest-current	`NotesPayableUnrelatedPartyAndAccruedInterestcurrent`	$206.71K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	$37.53K	USD	Point-in-time
Operating lease- current portion	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$967.11K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$2.85M	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`	-	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`	-	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`	$285.38K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.14M	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 June 30, 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 June 30, 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`	$-9.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.10M	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`	$-1.34M	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 Stockholders Deficit	`StockholdersEquity`	$1.04M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.80M	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$19.91K	USD	1 Quarter
Revenues, net	`Revenues`	$26.64K	USD	1 Quarter
Revenues, net	`Revenues`	$282.89K	USD	2 Qtrs
Revenues, net	`Revenues`	$32.20K	USD	2 Qtrs
Revenues, net	`Revenues`	$282.89K	USD	2 Qtrs
Revenues, net	`Revenues`	$19.91K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$36.09K	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$33.74K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$11.07K	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$198.13K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-7.10K	USD	1 Quarter
Gross Profit	`GrossProfit`	$84.75K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$-3.90K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$8.84K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$56.41K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$194.15K	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$61.22K	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$37.63K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$261.00K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$123.21K	USD	1 Quarter
Compensation	`LaborAndRelatedExpense`	$415.47K	USD	2 Qtrs
Compensation	`LaborAndRelatedExpense`	$218.92K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$85.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$262.33K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$228.09K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$105.87K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$44.71K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$17.61K	USD	1 Quarter
Product development	`ResearchAndDevelopmentExpense`	$96.27K	USD	2 Qtrs
Product development	`ResearchAndDevelopmentExpense`	$51.34K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$208.20K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$258.56K	USD	2 Qtrs
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$118.48K	USD	1 Quarter
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$93.48K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$549.20K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$357.59K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.23M	USD	2 Qtrs
Total Operating Expenses	`OperatingExpenses`	$805.04K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-808.93K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-1.14M	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-364.69K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-540.36K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$152.00K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$63.97K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$63.97K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-46.02K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-28.10K	USD	2 Qtrs
Interest expense, net	`InterestIncomeExpenseNet`	$-23.58K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-16.46K	USD	1 Quarter
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$17.96K	USD	2 Qtrs
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$-16.46K	USD	1 Quarter
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$123.90K	USD	2 Qtrs
Total Other Income (Expenses), net	`NonoperatingIncomeExpense`	$40.39K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-556.82K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-324.30K	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-790.98K	USD	2 Qtrs
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.02M	USD	2 Qtrs
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$800.00	USD	1 Quarter
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$54.52K	USD	1 Quarter
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$800.00	USD	2 Qtrs
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$54.52K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-466.68K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-325.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-791.78K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-611.34K	USD	1 Quarter
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`	48.83M	shares	1 Quarter
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.83M	shares	2 Qtrs
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.86M	shares	1 Quarter
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.85M	shares	2 Qtrs

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-791.78K	USD	2 Qtrs
Depreciation	`Depreciation`	$12.82K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	$6.72K	USD	2 Qtrs
Stock based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Lease amortization expense	`OperatingLeasesRentExpenseContingentRentals`	$31.64K	USD	2 Qtrs
Lease amortization expense	`OperatingLeasesRentExpenseContingentRentals`	$34.15K	USD	2 Qtrs
Accrued interest added to notes payable related and unrelated parties	`AccruedInterestAddedToNotesPayableRelatedAndUnrelatedParties`	$48.02K	USD	2 Qtrs
Accrued interest added to notes payable related and unrelated parties	`AccruedInterestAddedToNotesPayableRelatedAndUnrelatedParties`	$30.30K	USD	2 Qtrs
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$7.97K	USD	2 Qtrs
Increase in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$12.75K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-35.48K	USD	2 Qtrs
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$516.99K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-2.91K	USD	2 Qtrs
Decrease in prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpensesOther`	$-287.07K	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	2 Qtrs
Decrease in deposits	`IncreaseDecreaseInDepositOtherAssets`	$-24.04K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-162.10K	USD	2 Qtrs
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$306.83K	USD	2 Qtrs
Income tax refundable	`IncomeTaxRefundable`	$-284.87K	USD	2 Qtrs
Income tax refundable	`IncomeTaxRefundable`	-	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-37.53K	USD	2 Qtrs
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-33.91K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-390.62K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	$42.97K	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquireProductiveAssets`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.97K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	$383.50K	USD	2 Qtrs
Proceeds from notes payable related parties	`ProceedsFromRelatedPartyDebt`	$600.00K	USD	2 Qtrs
Repurchase of shares	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Repurchase of shares	`PaymentsOfStockIssuanceCosts`	$11.66K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$588.34K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$383.50K	USD	2 Qtrs
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-50.09K	USD	2 Qtrs
Net Decrease in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-551.83K	USD	2 Qtrs
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.37K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Cash at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.66K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.37K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Cash at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$725.66K	USD	Point-in-time
Interest cash paid	`InterestPaid`	-	USD	2 Qtrs
Interest cash paid	`InterestPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs

Stockholders Equity 21 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`	$-1.34M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.04M	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-466.68K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-325.10K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-461.30K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-791.78K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.07M	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-611.34K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.36K	USD	1 Quarter
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$3.36K	USD	1 Quarter
Repurchase of shares	`StockRepurchasedDuringPeriodValue`	$11.66K	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`	$-1.34M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.66M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.04M	USD	Point-in-time

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