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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
Segment Information

Note 10 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.

 

   Three Months Ended March 31, 
   2025   2024 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Income (loss) from operations
before taxes:		                                
Sales  $7,899   $
—
   $
—
   $7,899   $9,359   $
—
   $
—
   $9,359 
Cost of goods sold   6,574    
—
    
—
    6,574    7,614    
—
    
—
    7,614 
Gross Profit   1,325    
—
         1,325    1,745    
—
    
—
    1,745 
Selling, general and administrative expenses   2,398    564    (210)   2,752    2,436    85    (60)   2,461 
(Loss) income from
operations		  $(1,074)  $(564)  $210   $(1,428)  $(691)  $(85)  $60   $(716)
Interest expense   (278)   (22)   
—
    (300)   (363)   (17)   
—
    (380)
Other income (expense) net   150    60    (210)   
—
    
—
    60    (60)   
—
 
Loss from operations before taxes  $(1,202)  $(526)  $
—
   $(1,728)  $(1,054)  $(42)  $
—
   $(1,097)
                                         
Other financial information:                                        
Depreciation & amortization  $116   $
—
   $
—
   $116   $120   $
—
   $
—
   $120 
Capital expenditures   
—
    
—
    
—
    
—
    208    
—
    
—
    208 

 

   As of March 31, 2025   As of December 31, 2024 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Total assets  $42,753   $10,006   $(552)  $52,207   $40,468   $7,858   $(1,105)  $47,221