Capstone Companies, Inc.

Overview

• Florida corporation that designs, promotes, and licenses consumer products intended to simplify daily living through technology.
• Most recent product was the Connected Chef kitchen tablet. After unsuccessful commercialization in fiscal 2025, the company shifted focus to health, fitness and social activities (HFS) opportunities, which had not produced a new HFS business line as of this filing.
• As of late 2025, the company had no revenue-generating business and no active products in commercialization.

2025 product development and current status

Connected Chef product line

• March 2025: Entered a limited, exclusive, worldwide license with a UK licensee to promote, market, sell, distribute, produce, and manufacture Connected Chef. CAPC would earn $15 per unit sold by the licensee.
• License term: 5 years plus a 1-year post-termination sell-off extension.
• Early November 2025: Licensee informed CAPC that a prospective Chinese OEM would not produce Connected Chef because it was developed by an American company. The license was terminated in the first week of November 2025.
• CAPC did not receive any license revenue in 2025.
• Licensing efforts were suspended in early 2026 due to the license termination and No Shop provisions tied to a separate financing arrangement (the eBliss Note).

Other product lines

• 5 Smart Mirror (Connected Surfaces): Inventory written off as of December 31, 2023; remaining inventory liquidated by June 30, 2024; line ended in 2024.
• LED Lighting: Mature but in decline; occasional orders from one distributor; not actively promoted as a primary business line since 2023.

2024–2025 HFS business development efforts

• Began in 2024 with a concept to operate year-round indoor/outdoor pickleball and related HFS facilities.
• Coppermine Ventures, LLC provided working capital funding beginning in 2024 and through 2025–2026. Alexander Jacobs (Coppermine founder/CEO) became CAPC CEO in December 2024; Brian Rosen and Warner Session joined CAPC’s board in January 2025.
• March 13, 2025: CAPC and Coppermine signed a Memorandum of Understanding to develop an online customer registration and management (CRM) application for Coppermine’s Maryland facilities. Work under the MOU was suspended in 2025.
• A Management Transition Agreement with Coppermine created a framework to identify a CEO and board members to focus on HFS development.
• No binding cooperative HFS transactions or finalized HFS operations or acquisitions were completed in 2025.
• Efforts were suspended for a 90-day No Shop period under the eBliss financing arrangement.

Financing, working capital and corporate funding

Coppermine funding (2024–2026)

• 10/31/2024: Unsecured promissory note from Coppermine for $125,914 (7% simple interest; maturing 7/31/2025).
• 11/26/2024: Additional $53,018 from Coppermine.
• 12/18/2024: Board approved cancellation of related notes in exchange for CAPC Series B-1 Convertible Preferred Stock; issued 750,075 B-1 shares to cancel $3,665,303 of principal and accrued interest.
• 1/27/2025: Amended and restated Coppermine note totaling $306,231; later amended to total principal of $485,163 with maturity 12/31/2025.
• 1/5/2026: Second amendment increasing Coppermine total principal to $558,191 with maturity 12/31/2026.

eBliss financing (2026)

• 3/3/2026: Promissory note with eBliss Global, Inc. for working capital; 7% simple interest; principal and accrued interest due in one lump sum on 3/4/2027; unsecured; no debt-to-equity conversion.
• Included a 90-day No Shop provision to allow for potential transactions (merger, acquisition, joint venture, etc.) between CAPC and eBliss.

Additional funding and liquidity

• Historically, certain corporate insiders and directors provided short-term funding prior to 2025; ongoing funding is not guaranteed.
• CAPC’s liquidity relies on Coppermine funding through at least the first fiscal quarter of 2026.
• The company is pursuing financing options, including capital markets, strategic partnerships, or a business combination, and may face constraints due to capital market conditions.
• The company had no revenue-generating operations and no active product commercialization as of the latter half of fiscal 2025.

Workforce and operations

• Employees: 1 employee (the CEO) as of December 31, 2025; plus 3 consultants.
• Geography: Personnel based in the United States; principal office in Deerfield Beach, Florida.
• Operational scale: No ongoing manufacturing, development, or direct sales activities in 2025; focus shifted to evaluating HFS and licensing opportunities.

Customers and revenue

• The company reported no revenue during 2025 and no active product commercialization in the latter half of 2025.

Current strategic posture (as of filing)

• Primary long-term goal is to pursue an HFS opportunity, via internal development or acquisition/alliance.
• Connected Chef licensing was a secondary revenue strategy in 2025; it did not generate revenue and has been suspended.
• The company may reinitiate licensing if a viable non-HFS opportunity arises or if working capital improves; otherwise the focus is on securing funding to sustain operations and regulatory compliance.

Notable identifiers

• Stock: Common stock quoted on OTC Markets QB Venture Market; described as a penny stock.
• Corporate address: #144-V, 10 Fairway Drive Suite 100, Deerfield Beach, Florida 33441.
• Contact: (954) 570-8889; website: www.capstonecompaniesinc.com

Executive summary

Capstone Companies, Inc. is a small, debt-financed micro-cap that previously marketed consumer technology products (including Connected Chef) and pursued a health, fitness and social activities venture. As of late 2025, the company had no active product sales or revenue and relied on related-party funding from Coppermine and financing from eBliss to cover operating and regulatory costs while evaluating strategic options.