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Segment Information
 9 Months Ended
Sep. 30, 2025
Segment Information [Abstract]  
Segment Information

Note 11 Segment Information

 

The Company has two operating and reportable segments which consists of the operations of TotalStone and Carolina Stone Holdings. 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 or Carolina Stone Holdings. 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 September 30, 
   2025   2024 
   TotalStone   Carolina
Stone
Holdings		   Parent   Eliminations   Consolidated   TotalStone   Parent   Carolina
Stone
Holdings		   Eliminations   Consolidated 
Income (loss) from operations before taxes:                                        
Sales  $12,697   $957   $
—
   $
—
   $13,654   $12,318   $
—
   $
—
   $
—
   $12,318 
Cost of goods sold   9,680    720    
—
    
—
    10,400    9,325    
—
    
—
    
—
    9,325 
Gross Profit   3,017    237    
—
         3,254    2,993    
—
    
—
    
—
    2,993 
Selling, general and administrative expenses   2,470    298    602    
—
    3,370    2,388    252    
—
    (60)   2,580 
Transaction Expenses   34    
—
    618    
—
    652    
—
    
—
    
—
    
—
    
—
 
Income (loss) from operations  $513    (61)  $(1,220)  $
—
   $(768)  $605   $(252)  $
—
   $60   $413 
Loss on extinguishment of debt   
—
    
—
    (652)        (652)   
—
    
—
    
—
    
—
    
—
 
Interest expense   (416)   (8)   (170)   
—
    (594)   (353)   (21)   
—
    
—
    (374)
Other income (expense) net   
—
    
—
    
—
    
—
    
—
    
—
    60    
—
    (60)   
—
 
Income (loss) from operations before taxes  $97    (69)  $(2,042)  $
—
   $(2,014)  $252   $(213)   
—
   $
—
   $39
                                                   
Other financial information:                                                  
Depreciation & amortization  $111    7   $
—
   $
—
   $118   $125   $
—
    
—
   $
—
   $125 
Capital expenditures   
—
    
—
    
—
    
—
    
—
    19    
—
    
—
    
—
    19 
   Nine Months Ended September 30, 
   2025   2024 
   TotalStone   Carolina Stone Holdings   Parent   Eliminations   Consolidated   TotalStone   Parent   Carolina Stone Holdings   Eliminations   Consolidated 
Income (loss) from operations before taxes:                                        
Sales  $33,448   $957   $
—
   $
—
   $34,405   $34,563   $
—
   $
—
   $
—
   $34,563 
Cost of goods sold   25,976    720    
—
    
—
    26,696    27,062    
—
    
—
    
—
    27,062 
Gross Profit   7,473    237    
—
    
—
    7,709    7,501    
—
    
—
    
—
    7,501 
Selling, general and administrative expenses   7,414    298    2,011    (210)   9,513    7,540    431    
—
    (180)   7,791 
Transaction Expenses   34    
—
    618    
—
    652    
—
    
—
    
—
    
—
    
—
 
Income (loss) from operations  $24   $(61)  $(2,629)  $210   $(2,456)  $(39)  $(431)  $
—
   $180   $(290)
Loss on extinguishment of debt   
—
    
—
    (652)   
—
    (652)   
—
    
—
    
—
    
—
    
—
 
Interest expense   (1,112)   (8)   (214)   
—
    (1,334)   (1,098)   (50)   
—
    
—
    (1,148)
Other income (expense) net   150    
—
    60    (210)   
—
    
—
    180    
—
    (180)   
—
 
Income (loss) from operations before taxes  $(938)  $(69)  $(3,435)  $
—
   $(4,442)  $(1,137)  $(301)   
—
   $
—
   $(1,438)
                                                   
Other financial information:                                                  
Depreciation & amortization  $341   $7   $
—
   $
—
   $348   $366   $
—
    
—
   $
—
   $366 
Capital expenditures   2    
—
    
—
    
—
    2    101    
—
    
—
    
—
    101 

 

   As of September 30, 2025   As of December 31, 2024 
   TotalStone   Carolina Stone Holdings   Parent   Eliminations   Consolidated   TotalStone   Carolina Stone Holdings   Parent   Eliminations   Consolidated 
Total assets  $44,176   $6,240   $11,191   $(3,123)  $58,483   $40,468   $—   $7,858   $(1,105)  $47,221