XML 39 R22.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information
 12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Segment Information

Note 15 Segment Information

 

The Company has one operating and reportable segment which consists of the operations of TotalStone. The Company also has corporate-level activity, which is included in Capstone Holding Corp. (“Capstone” or “the Parent”) which consists primarily of board fees and, investor relations, filing, legal, insurance, accounting and consulting expenses and other non-operating income and expenses not identifiable and allocated to TotalStone. The Parent balance sheet information includes cash and cash equivalents, net deferred tax asset, debt and other assets and liabilities which are also not identifiable to the operations of TotalStone.

 

The Company’s chief executive officer is also the Company’s chief operating decision maker (“CODM”). The Company’s chief operating decision maker evaluates the performance of segments based on operating income (loss). Cost of goods sold and selling, general and administrative expenses, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

 

The following tables present financial information regarding the Company’s reportable segment reconciled to the Company’s consolidated totals.

 

   Twelve Months Ended December 31, 
   2024   2023 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Income (loss) from operations
before taxes:		                                
Sales  $44,876   $
—
   $
—
   $44,876   $48,354   $
—
   $
—
   $48,354 
Cost of goods sold   35,306    
—
    
—
    35,306    38,743    
—
    
—
    38,743 
Gross Profit   9,570    
—
         9,570    9,611    
—
    
—
    9,611 
Selling, general and administrative expenses   9,847    611    (240)   10,208    10,765    342    (240)   10,867 
(Loss) income from
operations		  $(277)  $(611)  $240   $(638)  $(1,154)  $(342)  $240   $(1,256)
Loss on investment   
—
    
—
    
—
    
—
    
—
    (8,000)   
—
    (8,000)
Gain on extinguishment of debt   
—
    
—
    
—
    
—
    
—
    7,200    
—
    7,200 
Interest expense   (1,410)   (73)   
—
    (1,483)   (1,562)   (110)   
—
    (1,672)
Other income (expense) net   
—
    240    (240)   
—
    
—
    383    (240)   143 
Loss from operations before taxes  $(1,687)  $(434)  $
—
   $(2,121)  $(2,716)  $(869)  $
—
   $(3,585)
                                         
Other financial information:                                        
Depreciation & amortization  $517   $
—
   $
—
   $517   $461   $
—
   $
—
   $461 
Capital expenditures   120    
—
    
—
    120    208    
—
    
—
    208 

 

   As of December 31, 2024   As of December 31, 2023 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Total assets  $40,468   $7,858   $(1,105)  $47,221   $45,281   $7,923   $(503)  $52,701