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v3.25.1

Segments (Tables) | 3 Months Ended
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Mar. 31, 2025
Segments [Abstract] |
Schedule of Assets, Liabilities and Equity for Reportable Segments | The following tables detail revenue, operating expenses, and assets, liabilities and equity for the Company’s reportable segments as of and for the three months ended March 31, 2025.
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |
Current Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 29,218 |  |  | $ | 122 |  |  | $ | 29,340 |
Accounts receivable, net |  |  | 127,688 |  |  |  | — |  |  |  | 127,688 |
Prepaid expenses |  |  | 4,910 |  |  |  | — |  |  |  | 4,910 |
Other receivables |  |  | 278,446 |  |  |  | 398,983 |  |  |  | 677,429 |
Other current assets |  |  | — |  |  |  | 2,269 |  |  |  | 2,269 |
Total Current Assets |  |  | 440,262 |  |  |  | 401,374 |  |  |  | 841,636 |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |
Property and equipment, net |  |  | — |  |  |  | 2,995,690 |  |  |  | 2,995,690 |
Goodwill |  |  | 8,139,889 |  |  |  | — |  |  |  | 8,139,889 |
Operating lease right-of-use assets |  |  | 139,795 |  |  |  | — |  |  |  | 139,795 |
Other long-term assets |  |  | 387,181 |  |  |  | — |  |  |  | 387,181 |
Total Other Assets |  |  | 8,666,865 |  |  |  | 2,995,690 |  |  |  | 11,662,555 |
TOTAL ASSETS |  | $ | 9,107,127 |  |  | $ | 3,397,064 |  |  | $ | 12,504,191 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Cash overdraft |  | $ | 60,421 |  |  | $ |  |  |  | $ | 60,421 |
Accounts payable |  |  | 3,941,629 |  |  |  | 589,862 |  |  |  | 4,531,491 |
Accrued expenses |  |  | 1,333,226 |  |  |  | — |  |  |  | 1,333,226 |
Preferred dividend payable (related party) |  |  | 574,139 |  |  |  | — |  |  |  | 574,139 |
Merchant portfolio purchase installment obligation |  |  | 2,000,000 |  |  |  | — |  |  |  | 2,000,000 |
Related party payable |  |  | 1,151,960 |  |  |  | 32,000 |  |  |  | 1,183,960 |
Accrued interest - related party |  |  | 225,319 |  |  |  | — |  |  |  | 225,319 |
Operating lease liability – current portion |  |  | 46,491 |  |  |  | — |  |  |  | 46,491 |
Note payable – current portion |  |  | 164,101 |  |  |  | — |  |  |  | 164,101 |
Due to/from intercompany |  |  | (22,969,695 | ) |  |  | 22,969,695 |  |  |  | — |
Total Current Liabilities |  |  | (13,472,409 | ) |  |  | 23,591,557 |  |  |  | 10,119,148 |
Long Term Liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating lease liability – net of current portion |  |  | 93,869 |  |  |  | — |  |  |  | 93,869 |
Total Liabilities |  |  | (13,378,540 | ) |  |  | 23,591,557 |  |  |  | 10,213,017 |
Stockholders’ Equity: |  |  |  |  |  |  |  |  |  |  |  |
Series A Preferred stock |  |  | 10 |  |  |  | — |  |  |  | 10 |
Common stock |  |  | 237 |  |  |  | — |  |  |  | 237 |
Treasury stock |  |  | (109,988 | ) |  |  | — |  |  |  | (109,988 | )
Additional paid-in capital |  |  | 71,289,720 |  |  |  | — |  |  |  | 71,289,720 |
Accumulated deficit |  |  | (48,694,312 | ) |  |  | (20,194,493 | ) |  |  | (68,888,805 | )
Total stockholders’ equity |  |  | 22,485,667 |  |  |  | (20,194,493 | ) |  |  | 2,291,174 |
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY |  | $ | 9,107,127 |  |  |  | 3,397,064 |  |  | $ | 12,504,191 |
Schedule of Revenue, Operating Expenses for Reportable Segments |
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
Revenue: |  |  |  |  |  |  |  |  |
Transaction and processing fees |  | $ | 2,058,277 |  |  | $ | — |  |  | $ | 2,058,277 |
Merchant equipment rental and sales |  |  | 12,124 |  |  |  | — |  |  |  | 12,124 |
Revenue, net - bitcoin mining |  |  | — |  |  |  | 85,482 |  |  |  | 85,482 |
Other revenue from monthly recurring subscriptions |  |  | 72,637 |  |  |  | — |  |  |  | 72,637 |
Digital product revenue |  |  | 93,016 |  |  |  | — |  |  |  | 93,016 |
Total revenue |  |  | 2,236,054 |  |  |  | 85,482 |  |  |  | 2,321,536 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Processing and servicing costs, excluding merchant portfolio amortization |  |  | 1,808,814 |  |  |  | — |  |  |  | 1,808,814 |
Amortization expense |  |  | 3,972 |  |  |  | — |  |  |  | 3,972 |
Depreciation expense |  |  | — |  |  |  | 258,349 |  |  |  | 258,349 |
Salaries and wages |  |  | 255,666 |  |  |  | 275,690 |  |  |  | 531,356 |
Professional fees |  |  | 69,793 |  |  |  | 7,780 |  |  |  | 77,573 |
General and administrative expenses |  |  | 380,359 |  |  |  | 109,792 |  |  |  | 490,151 |
Total operating expenses |  |  | 2,518,604 |  |  |  | 651,611 |  |  |  | 3,170,215 |
Loss from operations |  |  | (282,550 | ) |  |  | (566,129 | ) |  |  | (848,679 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (225,319 | ) |  |  | — |  |  |  | (225,319 | )
Other expense |  |  | (15,000 | ) |  |  | — |  |  |  | (15,000 | )
Total other income |  |  | (240,319 | ) |  |  | — |  |  |  | (240,319 | )
Net loss |  |  | (522,869 | ) |  |  | (566,129 | ) |  |  | (1,088,998 | )
Preferred dividends (related party) |  |  | (30,630 | ) |  |  | — |  |  |  | (30,630 | )
Net Loss Applicable to Common Stockholders’ |  | $ | (553,499 | ) |  | $ | (566,129 | ) |  | $ | (1,119,628 | )
The following tables detail revenue and expenses for the Company’s reportable segments as of and for the three months ended March 31, 2024.
|  | Fintech Segment |  |  | Bitcoin Mining Segment |  |  | Consolidated Total |
Revenue: |  |  |  |  |  |  |  |  |
Transaction and processing fees |  | $ | 2,288,209 |  |  | $ | — |  |  | $ | 2,288,209 |
Merchant equipment rental and sales |  |  | 20,183 |  |  |  | — |  |  |  | 20,183 |
Revenue, net - bitcoin mining |  |  | — |  |  |  | 211,617 |  |  |  | 211,617 |
Other revenue from monthly recurring subscriptions |  |  | 108,868 |  |  |  | — |  |  |  | 108,868 |
Digital product revenue |  |  | 867,305 |  |  |  | — |  |  |  | 867,305 |
Total revenue |  |  | 3,284,565 |  |  |  | 211,617 |  |  |  | 3,496,182 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Processing and servicing costs, excluding merchant portfolio amortization |  |  | 2,753,593 |  |  |  | — |  |  |  | 2,753,593 |
Amortization expense |  |  | 78,462 |  |  |  | 112,499 |  |  |  | 190,961 |
Depreciation expense |  |  | 28,476 |  |  |  | 721,044 |  |  |  | 749,520 |
Salaries and wages |  |  | 740,713 |  |  |  | 275,625 |  |  |  | 1,016,338 |
Professional fees |  |  | 602,193 |  |  |  | 46,250 |  |  |  | 648,443 |
General and administrative expenses |  |  | 762,809 |  |  |  | 262,083 |  |  |  | 1,024,892 |
Total operating expenses |  |  | 4,966,246 |  |  |  | 1,417,501 |  |  |  | 6,383,747 |
Loss from operations |  |  | (1,681,681 | ) |  |  | (1,205,884 | ) |  |  | (2,887,565 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |
Realized gain on sale of bitcoin |  |  | — |  |  |  | 225,229 |  |  |  | 225,229 |
Unrealized gain on investment |  |  | — |  |  |  | 274,731 |  |  |  | 274,731 |
Interest expense |  |  | (13,013 | ) |  |  |  |  |  |  | (13,013 | )
Total other income |  |  | (13,013 | ) |  |  | 499,960 |  |  |  | 486,947 |
Net loss |  |  | (1,694,694 | ) |  |  | (705,924 | ) |  |  | (2,400,618 | )
Net loss attributed to noncontrolling interest |  |  | 29,022 |  |  |  | — |  |  |  | 29,022 |
Net loss attributed to The OLB Group and Subsidiaries |  |  | (1,665,672 | ) |  |  | (705,924 | ) |  |  | (2,371,596 | )
Preferred dividends (related parties) |  |  | (31,311 | ) |  |  | — |  |  |  | (31,311 | )
Net Loss Applicable to Common Shareholders |  | $ | (1,696,983 | ) |  | $ | (705,924 | ) |  | $ | (2,402,907 | )

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