Capstone Companies, Inc. is a Florida corporation that designs, promotes and licenses consumer products intended to simplify daily living through technology. Its most recent offering was the Connected Chef kitchen tablet, which combines a purpose built tablet with Google mobile services and an accessory platform for food preparation items such as a cutting board. The company was unable to successfully commercialize the Connected Chef in fiscal year 2025 and, during that…
Capstone Companies, Inc. is a Florida corporation that designs, promotes and licenses consumer products intended to simplify daily living through technology. Its most recent offering was the Connected Chef kitchen tablet, which combines a purpose built tablet with Google mobile services and an accessory platform for food preparation items such as a cutting board. The company was unable to successfully commercialize the Connected Chef in fiscal year 2025 and, during that year, pursued a new business line in the health fitness and social activities industry that did not result in an acquired or developed operation. Capstone continues to evaluate opportunities in other industries for future growth. Prior to 2017, the company focused on integrating LEDs into common household lighting products, but the LED market has since matured and sales of its legacy LED lighting line have declined significantly.
Capstone generates revenue primarily from licensing fees on the Connected Chef, under which it receives $15 for each unit sold by a licensee, and from sales of its legacy product lines, including LED lighting products and, previously, smart mirror inventory. As of the latter half of fiscal year 2025, the company reported no revenue generating business and no products in active commercialization, relying instead on working capital advances from related parties such as Coppermine Ventures, LLC and an unsecured promissory note with eBliss Global, Inc. to fund operations. During 2024 and into 2026, the company received capital advances totaling $530,163 from Coppermine under an unsecured promissory note accruing simple interest at 7% and maturing December 31, 2026, and on March 3, 2026 entered into a separate unsecured promissory note with eBliss Global, Inc. for additional working capital.
Capstone operates in highly competitive consumer product and health and wellness markets. In the consumer product arena it faces rivals such as Samsung Electronics, Amazon, Gentex Corporation, Seura Solutions, Magna International and numerous smaller niche manufacturers. In the emerging health fitness and social activities sector it would compete with established operators like Coppermine Ventures and other regional fitness facility providers. The company cites its management's experience, particularly Chief Executive Officer Alexander Jacobs' background in growing a HFS business, and its prior expertise in low cost high volume manufacturing as competitive advantages, while acknowledging limited working capital and modest brand recognition as constraints. Additionally, former chief executive officer and current chairman of the board Stewart Wallach brings over three decades of consumer product experience, having built and managed other consumer product companies.
Historically, Capstone sold its LED lighting and smart mirror products to distributors and retailers, including "Big Box" chains, and shipped finished goods directly to buyers from overseas contract manufacturers. Under the Connected Chef licensing model, the licensee sells to end users and the company receives a per unit royalty. The HFS business concept would target facilities that serve a broad demographic, children, families, adults, and seniors, for sports, recreation and corporate events. No specific customer names are disclosed in the filing. The company also historically engaged in direct import sales of finished goods from Thailand and China to customers in the United States.