CAPSTONE COMPANIES, INC. Files Quarterly Report (10-Q) for Period Ended March 31, 2024

TL;DR

<b>CAPSTONE COMPANIES, INC. (CAPC) has filed its Q1 2024 10-Q report, detailing financial performance for the quarter ending March 31, 2024.</b>

AI Summary

CAPSTONE COMPANIES, INC. (CAPC) filed a Quarterly Report (10-Q) with the SEC on May 14, 2024. CAPSTONE COMPANIES, INC. filed a 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's fiscal year ends on December 31. CAPSTONE COMPANIES, INC. was formerly known as CHDT CORP, CHINA DIRECT TRADING CORP, and CBQ INC. The company is incorporated in Florida (FL).

Why It Matters

For investors and stakeholders tracking CAPSTONE COMPANIES, INC., this filing contains several important signals. This 10-Q filing provides investors with an updated view of CAPSTONE COMPANIES, INC.'s financial health and operational performance during the first quarter of 2024. Understanding the details within this report is crucial for assessing the company's current standing, identifying trends, and making informed investment decisions regarding CAPC.

Risk Assessment

Risk Level: low — CAPSTONE COMPANIES, INC. shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate, significant financial disclosures or events that would suggest a high-risk profile based solely on this document.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand CAPC's performance and outlook.

Key Numbers

• 2024-03-31 — Report Period End Date (Quarterly report period ended)
• 2024-01-01 — Report Period Start Date (Quarterly report period started)
• 2024-05-14 — Filing Date (Date the 10-Q was filed)
• 2023-03-31 — Prior Year Period End Date (Comparison period)

Key Players & Entities

• CAPSTONE COMPANIES, INC. (company) — Filer name
• CHDT CORP (company) — Former company name
• CHINA DIRECT TRADING CORP (company) — Former company name
• CBQ INC (company) — Former company name
• Stewart Wallach (person) — Mentioned in context of shares

FAQ

Industry Context

CAPSTONE COMPANIES, INC. operates within the Electric Lighting & Wiring Equipment industry (SIC 3640). This filing provides insights into their performance within this sector.

Regulatory Implications

The filing is a standard Form 10-Q, a quarterly report required by the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements (balance sheet, income statement, cash flow) for Q1 2024.
2. Review the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' section for narrative insights.
3. Compare Q1 2024 performance against prior periods (Q1 2023) and the full year 2023 to identify trends.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-14: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This filing is the Form 10-Q for the quarter ended March 31, 2024, providing updated financial information since the last periodic filing.

Key Financial Figures

• $15,000 — cember 31, 2023 (Liquidation Preference $15,000) 2 2 Preferred Stock, Series C, par
• $1,936,020 — Common Stock, and recorded goodwill of $1,936,020. Goodwill acquired in business combinat
• $840 — ional coupons amounted to approximately $840 and $10,000 for the three months ended
• $10,000 — pons amounted to approximately $840 and $10,000 for the three months ended March 31, 20

Filing Documents

• capc_10q.htm (10-Q) — 498KB
• ex31_1.htm (EX-31.1) — 10KB
• ex31_2.htm (EX-31.2) — 11KB
• ex32_1.htm (EX-32.1) — 6KB
• ex32_2.htm (EX-32.2) — 6KB
• 0001903596-24-000307.txt (&nbsp;) — 2398KB
• capc-20240331.xsd (EX-101.SCH) — 18KB
• capc-20240331_cal.xml (EX-101.CAL) — 29KB
• capc-20240331_def.xml (EX-101.DEF) — 44KB
• capc-20240331_lab.xml (EX-101.LAB) — 137KB
• capc-20240331_pre.xml (EX-101.PRE) — 110KB
• capc_10q_htm.xml (XML) — 287KB

Management's Discussion and Analysis of Financial

Management's Discussion and Analysis of Financial Condition and Results of Operation 19 Item 3.

Quantitative and Qualitative Disclosures about Market

Quantitative and Qualitative Disclosures about Market Risk 34 Item 4.

Controls and Procedures

Controls and Procedures 34 PART II Other Information 35 Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sale of Equity Securities and Use of Proceeds 36 Item 3. Defaults of Senior Securities 36 Item 4. Mine Safety Disclosures 36 Item 5. Other Information 36 Item 6. Exhibits 36 3 CAPSTONE COMPANIES, INC., AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS March 31, December 31, 2024 2023 Assets: (Unaudited) Current Assets: Cash $ 1,693 $ 36,466 Prepaid expenses 28,772 22,120 Due from affiliates 9,570 9,570 Total Current Assets 40,035 68,156 Property and equipment, net 39,389 42,970 Goodwill 1,312,482 1,312,482 Total Assets $ 1,391,906 $ 1,423,608 Liabilities and Stockholders' Equity: Current Liabilities: Accounts payable and accrued liabilities $ 915,920 $ 804,623 Notes payable related parties and accrued interest-current 2,058,845 1,946,315 Notes payable unrelated party and accrued interest-current 600,892 594,161 Total Current Liabilities 3,575,657 3,345,099 Long-Term Liabilities: Deferred tax liabilities -long-term 320,329 320,329 Total Long-Term Liabilities 320,329 320,329 Total Liabilities 3,895,986 3,665,428 Commitments and Contingencies: ( Note 4 ) Stockholders' Equity: Preferred Stock, Series B-1, par value $ .0001 per share, authorized 5,000,000 shares, issued and outstanding- 15,000 shares at March 31, 2024, and December 31, 2023 (Liquidation Preference $15,000) 2 2 Preferred Stock, Series C, par value $ 1.00 per share, authorized 67 shares, issued and outstanding - 0 - shares — — Common Stock, par value $.0001 per share, authorized 295,000,000 shares, issued and outstanding 48,826,864 shares at March 31, 2024 and December 31, 2023. 4,884 4,884 Additional paid-in capital 8,550,510 8,550,510 Accumulated deficit ( 11,059,476 ) ( 10,797,216 ) Total Stockholders' Deficit ( 2,504,080 ) ( 2,241,820 ) Total Liabilities and Stockholders' Deficit $ 1,391,906 $ 1,423,608 The accompanying notes are

View Full Filing

View this 10-Q filing on SEC EDGAR