Capstone Companies, Inc. Files Q2 2024 10-Q

TL;DR

CAPSTONE COMPANIES, INC. (CAPC) FILED ITS Q2 2024 10-Q. FINANCIALS OUT.

AI Summary

Capstone Companies, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter. Key financial data and disclosures relevant to investors are presented, reflecting the company's status in the electric lighting & wiring equipment sector.

Why It Matters

This filing provides investors with the latest financial health and operational performance of Capstone Companies, Inc., crucial for making informed investment decisions.

Risk Assessment

Risk Level: medium — The company operates in the electric lighting & wiring equipment sector, which can be subject to market fluctuations and technological changes.

Key Numbers

• 2024-06-30 — End of Reporting Period (Second quarter of fiscal year 2024)
• 2024-08-13 — Filing Date (Date the 10-Q was submitted to the SEC)
• 2024-01-01 to 2024-06-30 — Fiscal Year-to-Date Period (First six months of fiscal year 2024)

Key Players & Entities

• CAPSTONE COMPANIES, INC. (company) — Filer of the 10-Q
• 0000814926 (company) — Central Index Key for Capstone Companies, Inc.
• 20240630 (date) — End of the reporting period
• 20240813 (date) — Filing date of the 10-Q
• 3640 (industry_code) — Standard Industrial Classification for Electric Lighting & Wiring Equipment

FAQ

Key Financial Figures

• $15,000 — cember 31, 2023 (Liquidation Preference $15,000) 2 2 Preferred Stock, Series C, par

Filing Documents

• capc_10q.htm (10-Q) — 674KB
• 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
• 0001903596-24-000493.txt ( ) — 3154KB
• capc-20240630.xsd (EX-101.SCH) — 23KB
• capc-20240630_cal.xml (EX-101.CAL) — 33KB
• capc-20240630_def.xml (EX-101.DEF) — 87KB
• capc-20240630_lab.xml (EX-101.LAB) — 188KB
• capc-20240630_pre.xml (EX-101.PRE) — 151KB
• capc_10q_htm.xml (XML) — 389KB

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 June 30, December 31, 2024 2023 Assets: (Unaudited) Current Assets: Cash $ 16,648 $ 36,466 Prepaid expenses 12,611 22,120 Due from affiliates 9,570 9,570 Total Current Assets 38,829 68,156 Property and equipment, net 35,808 42,970 Goodwill 1,312,482 1,312,482 Total Assets $ 1,387,119 $ 1,423,608 Liabilities and Stockholders' Equity: Current Liabilities: Accounts payable and accrued liabilities $ 999,383 $ 804,623 Accounts payable due to related party 5,922 — Notes payable related parties and accrued interest-current 2,081,952 1,946,315 Notes payable unrelated party and accrued interest-current 607,623 594,161 Total Current Liabilities 3,694,880 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 4,015,209 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 June 30, 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 June 30, 2024 and December 31, 2023. 4,884 4,884 Additional paid-in capital 8,550,510 8,550,510 Accumulated deficit ( 11,183,486 ) ( 10,797,216 ) Total Stockholders' Deficit ( 2,628,090 ) ( 2,241,820 ) Total Liabilities and Stockholders' Deficit $ 1,

View Full Filing

View this 10-Q filing on SEC EDGAR