Capstone Companies Inc (CAPC)

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Another Q filed, another 3 months gone.

The mirrors were liquidated for which the company netted about 80K. Remember that they raised over $3 million, ostensibly to produce 3000+ mirrors. I figure they might have made 1500ish mirrors. They sold/gave away maybe 100-150ish. The rest of them have apparently gone to Woot for a net 80K.

Debacle. The last hope is the Connected Chef. Supposed to be coming soon in June 2022, then June 2023, then Holiday season 2023. They have no purchase commitments as of August 2024. They've manufactured no inventory (no money).

Debacle. They have no other product to sell, and no money to create new products.

All debt extended to October 2024 and November 1, 2024. Kicking the can down the road. They have no way to pay this debt.