v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 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 June 30, 
   2025   2024 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Income (loss) from operations before taxes:                                
Sales  $12,852   $
—
   $
—
   $12,852   $12,886   $
—
   $
—
   $12,886 
Cost of goods sold   9,722    
—
    
—
    9,722    10,122    
—
    
—
    10,122 
Gross Profit   3,130    
—
         3,130    2,764    
—
    
—
    2,764 
Selling, general and administrative expenses   2,545    845    
—
    3,390    2,718    92    (60)   2,750 
Income (loss) from operations  $585   $(845)  $
—
   $(260)  $46   $(92)  $60   $14 
Interest expense   (417)   (23)   
—
    (440)   (382)   (12)   
—
    (394)
Other income (expense) net   
—
    
—
    
—
    
—
    
—
    60    (60)   
—
 
Income (loss) from operations before taxes  $168   $(868)  $
—
   $(700)  $(336)  $(44)  $
—
   $(380)
                                         
Other financial information:                                        
Depreciation & amortization  $114   $
—
   $
—
   $114   $121   $
—
   $
—
   $121 
Capital expenditures   2    
—
    
—
    2    21    
—
    
—
    21 

 

   Six Months Ended June 30, 
   2025   2024 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Income (loss) from operations before taxes:                                
Sales  $20,751   $
—
   $
—
   $20,751   $22,245   $
—
   $
—
   $22,245 
Cost of goods sold   16,296    
—
    
—
    16,296    17,737    
—
    
—
    17,737 
Gross Profit   4,455    
—
    
 
    4,455    4,508    
—
    
—
    4,508 
Selling, general and administrative expenses   4,944    1,409    (210)   6,143    5,153    178    (120)   5,211 
(Loss) income from operations  $(489)  $(1,409)  $210   $(1,688)  $(645)  $(178)  $120   $(703)
Interest expense   (695)   (45)   
—
    (740)   (745)   (29)   
—
    (774)
Other income (expense) net   150    60    (210)   
—
    
—
    120    (120)   
—
 
Loss from operations before taxes  $(1,034)  $(1,394)  $
—
   $(2,428)  $(1,390)  $(87)  $
—
   $(1,477)
                                         
Other financial information:                                        
Depreciation & amortization  $230   $
—
   $
—
   $230   $242   $
—
   $
—
   $242 
Capital expenditures   2    
—
    
—
    2    121    
—
    
—
    121 

 

   As of June 30, 2025   As of December 31, 2024 
   TotalStone   Parent   Eliminations   Consolidated   TotalStone   Parent   Eliminations   Consolidated 
Total assets  $43,268   $9,022   $(405)  $51,885   $40,468   $7,858   $(1,105)  $47,221