10-K Filing

CAPSTONE COMPANIES, INC. CIK: 814926 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0001903596-24-000189`
Period End Date	20231231
Filing Date	20240329
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	capc_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 38 Cash Flow Statement 62 Stockholders Equity 11

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Other Inventory, Net of Reserves	`OtherInventoryNetOfReserves`	-	USD	Point-in-time
Other Inventory, Net of Reserves	`OtherInventoryNetOfReserves`	$533.25K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$61.46K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$36.47K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$7.72K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	-	USD	Point-in-time
Inventories, net of allowances of $0 and $533,254, respectively	`InventoryNet`	$412.26K	USD	Point-in-time
Inventories, net of allowances of $0 and $533,254, respectively	`InventoryNet`	-	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$22.12K	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`	295.00M	shares	Point-in-time
Due from related party	`DueFromAffiliate`	$9.57K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	295.00M	shares	Point-in-time
Due from related party	`DueFromAffiliate`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$68.16K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$518.53K	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
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
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	48.83M	shares	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
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`	$1.42M	USD	Point-in-time
Total Assets	`Assets`	$1.89M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$309.44K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$804.62K	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	$413.43K	USD	Point-in-time
Notes payable related parties and accrued interest-current	`NotesPayableRelatedPartiesAndAccruedInterestcurrent`	$1.95M	USD	Point-in-time
Notes payable unrelated party and accrued interest-current	`NotesPayableUnrelatedPartyAndAccruedInterestcurrent`	$594.16K	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`	$3.35M	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`	-	USD	Point-in-time
Notes payable related parties and accrued interest-less current portion	`NotesPayableRelatedpartiesAndAccruedInterestlessCurrentPortion`	$821.65K	USD	Point-in-time
Notes payable unrelated parties and accrued interest-less current portion	`NotesPayableUnrelatedpartiesAndAccruedInterestlessCurrentPortion`	-	USD	Point-in-time
Notes payable unrelated parties and accrued interest-less current portion	`NotesPayableUnrelatedpartiesAndAccruedInterestlessCurrentPortion`	$360.45K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredTaxLiabilitiesLongterm`	$320.33K	USD	Point-in-time
Deferred tax liabilities -long-term	`DeferredTaxLiabilitiesLongterm`	$285.38K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$320.33K	USD	Point-in-time
Total Long-Term Liabilities	`LiabilitiesNoncurrent`	$1.47M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.43M	USD	Point-in-time
Total Liabilities	`Liabilities`	$3.67M	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 295,000,000 shares, issued and outstanding 48,826,864 shares at December 31, 2023 and December 31, 2022.	`CommonStockValue`	$4.88K	USD	Point-in-time
Common Stock, par value $.0001 per share, authorized 295,000,000 shares, issued and outstanding 48,826,864 shares at December 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`	$-10.80M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$2.12M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.89M	USD	Point-in-time
Total Liabilities and Stockholders Deficit	`LiabilitiesAndStockholdersEquity`	$1.42M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$192.18K	USD	Annual
Revenues, net	`Revenues`	$346.47K	USD	Annual
Increase in inventory reserve and write offs	`InventoryReserve`	$-692.15K	USD	Annual
Increase in inventory reserve and write offs	`InventoryReserve`	$-133.78K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$324.04K	USD	Annual
Cost of sales	`CostOfGoodsAndServicesSold`	$256.87K	USD	Annual
Gross Loss	`GrossProfit`	$-602.55K	USD	Annual
Gross Loss	`GrossProfit`	$-265.64K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$75.89K	USD	Annual
Sales and marketing	`SellingAndMarketingExpense`	$359.54K	USD	Annual
Compensation	`LaborAndRelatedExpense`	$469.60K	USD	Annual
Compensation	`LaborAndRelatedExpense`	$817.41K	USD	Annual
Professional fees	`ProfessionalFees`	$457.50K	USD	Annual
Professional fees	`ProfessionalFees`	$426.16K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$203.75K	USD	Annual
Product development	`ResearchAndDevelopmentExpense`	$101.41K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$480.77K	USD	Annual
Other general and administrative	`OtherGeneralAndAdministrativeExpense`	$296.16K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$1.37M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$2.32M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-2.92M	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-1.63M	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$77.11K	USD	Annual
Other income, net	`OtherNonoperatingIncome`	$394.95K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-69.69K	USD	Annual
Interest expense, net	`InterestIncomeExpenseNet`	$-103.74K	USD	Annual
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$-26.64K	USD	Annual
Total Other Income (Expense), net	`NonoperatingIncomeExpense`	$325.27K	USD	Annual
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.66M	USD	Annual
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-2.60M	USD	Annual
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$34.95K	USD	Annual
Income Tax Expense	`CurrentIncomeTaxExpenseBenefit`	$67.50K	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.70M	USD	Annual
Net Loss	`NetIncomeLoss`	$-2.66M	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.03	USD	Annual
Basic and Diluted	`BasicAndDiluted`	$-0.05	USD	Annual
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.83M	shares	Annual
Basic and Diluted	`WeightedAverageSharesOutstandingBasicAndDiluted`	48.85M	shares	Annual

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.70M	USD	Annual
Net Loss	`NetIncomeLossAttributableToNoncontrollingInterest`	$-2.66M	USD	Annual
Depreciation	`DepreciationAndAmortization`	-	USD	Annual
Depreciation	`DepreciationAndAmortization`	$25.64K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation1`	$7.84K	USD	Annual
Stock based compensation expense	`ShareBasedCompensation1`	-	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$34.95K	USD	Annual
Lease amortization expense	`OperatingLeasesRentExpenseContingentRentals`	$64.50K	USD	Annual
Lease amortization expense	`OperatingLeasesRentExpenseContingentRentals`	$34.15K	USD	Annual
Impairment of equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	-	USD	Annual
Impairment of equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$51.28K	USD	Annual
Increase in inventory allowance	`IncreaseInSlowMovingInventoryAllowance`	$533.52K	USD	Annual
Increase in inventory allowance	`IncreaseInSlowMovingInventoryAllowance`	$133.78K	USD	Annual
Write off of prepaid inventory deposit	`WriteOffOfPrepaidInventoryDeposit`	-	USD	Annual
Write off of prepaid inventory deposit	`WriteOffOfPrepaidInventoryDeposit`	$158.90K	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-71.89K	USD	Annual
Accrued interest added to note payable related parties	`AccruedInterestAddedToNotePayableRelatedParties`	$-105.75K	USD	Annual
Increase in deferred income tax liabilities- long term	`IncreaseInDeferredIncomeTaxLiabiliiesLongTerm`	$11.43K	USD	Annual
Increase in deferred income tax liabilities- long term	`IncreaseInDeferredIncomeTaxLiabiliiesLongTerm`	-	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-7.72K	USD	Annual
(Increase) decrease in accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$6.24K	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$-278.49K	USD	Annual
(Increase) decrease in inventories	`IncreaseDecreaseInInventories`	$436.60K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-304.76K	USD	Annual
Decrease in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-14.97K	USD	Annual
(Increase) in due from related party	`IncreaseDecreaseDueFromAffiliates`	$9.57K	USD	Annual
(Increase) in due from related party	`IncreaseDecreaseDueFromAffiliates`	-	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$-12.89K	USD	Annual
(Increase) decrease in deposits	`IncreaseDecreaseInDeposits`	$24.04K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-229.11K	USD	Annual
(Decrease) increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$495.18K	USD	Annual
Decrease in tax refundable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Decrease in tax refundable	`IncreaseDecreaseInIncomeTaxes`	$284.87K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-37.53K	USD	Annual
Decrease in operating lease liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-70.16K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-614.53K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.90M	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$42.97K	USD	Annual
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-42.97K	USD	Annual
Proceeds from notes payable related parties	`ProceedsFromNotesPayable`	$632.50K	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`	$11.66K	USD	Annual
Repurchase of shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$632.50K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$688.34K	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.22M	USD	Annual
Net Increase (Decrease) in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-25.00K	USD	Annual
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.47K	USD	Point-in-time
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	USD	Point-in-time
Cash at Beginning of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$61.46K	USD	Point-in-time
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.47K	USD	Point-in-time
Cash at End of Year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28M	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

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-545.38K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.12M	USD	Point-in-time
Stock options for compensation	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$7.84K	USD	Annual
Repurchase of shares	`StockRepurchasedDuringPeriodValue1`	$-11.66K	USD	Annual
Repurchase of shares Shares	`StockRepurchasedDuringPeriodShares`	66,167.00	shares	Annual
Net Loss	`NetLoss`	$-1.70M	USD	Annual
Net Loss	`NetLoss`	$-2.66M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-2.24M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-545.38K	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.