10-K
Annual Report
Capstone Holding Corp.
CAPS
NASDAQ
CIK: 887151
File #: 001-33560
Balance Sheet
63 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets: | ||
Cash | 727,000 | 11,000 |
Accounts receivable, net | 4,864,000 | 2,762,000 |
Inventories | 17,062,000 | 9,635,000 |
Prepaid expenses | 231,000 | 150,000 |
Other current assets | 118,000 | 242,000 |
Total current assets | 23,002,000 | 12,800,000 |
Long-term Assets: | ||
Property and equipment, net | 2,085,000 | 1,594,000 |
Goodwill | 18,460,000 | 23,286,000 |
Fraser Canyon Acquisition | 616,000 | — |
Instone Reporting Unit | 17,086,000 | — |
Other intangible assets | 1,841,000 | 48,000 |
Right of use assets | 5,397,000 | 2,068,000 |
Deferred tax asset | 0 | 7,178,000 |
Other long-term assets | 593,000 | 247,000 |
Total long-term assets | 28,376,000 | 34,421,000 |
Total Assets | 51,378,000 | 47,221,000 |
Operating Segments - TotalStone | 51,332,000 | 40,468,000 |
Operating Segments - Carolina Stone Holdings | 5,531,000 | — |
Segment Reporting, Reconciling Item, Corporate Nonsegment | 6,141,000 | 7,858,000 |
Intersegment Eliminations | (11,626,000) | (1,105,000) |
Current Liabilities: | ||
Nonrelated Party | 4,958,000 | 3,304,000 |
Related Party | 695,000 | 0 |
Deferred Fees - Nectarine Management LLC | 132,000 | — |
Accrued expenses | 874,000 | 394,000 |
Line of credit | 10,313,000 | 6,259,000 |
Revolving Credit Facility - Revolving Credit Note - Berkshire Bank [member] | 7,900,000 | 6,200,000 |
Revolving Credit Facility - Revolving Credit Note - Toronto-Dominion Bank | 2,400,000 | — |
Revolving Credit Facility - Revolving Credit Note | 10,300,000 | — |
Current portion of long-term debt | 3,707,000 | 1,855,000 |
Current portion, lease liability | 1,655,000 | 738,000 |
Deferred tax liability | 20,000 | 0 |
Derivative liability | 702,000 | 0 |
Total current liabilities | 22,924,000 | 12,550,000 |
Long-term liabilities: | ||
Accrued related party management fee | 454,000 | 351,000 |
Accrued Series Z preferred stock dividends | 39,000 | 0 |
Series Z preferred stock | 1,937,000 | 0 |
Long term debt, net of current portion | 9,344,000 | 6,323,000 |
Operating Lease, Liability, Noncurrent | 3,833,000 | 1,437,000 |
Earn-out payable | 352,000 | 0 |
Other long-term liabilities | 42,000 | 0 |
Total long-term liabilities | 16,001,000 | 8,111,000 |
Total Liabilities | 38,925,000 | 20,661,000 |
Class B Preferred Units | 0 | 28,475,000 |
Special Preferred Units | 0 | 1,143,000 |
Equity: | ||
Series B Preferred Stock | 30,000 | 0 |
Common Stock $0.0005 par value; 50,000,000 and 200,000 shares authorized; 8,772,872 and 157,610 issued as of December 31, 2025 and December 31, 2024 | 4,000 | 0 |
Additional paid-in capital | 230,457,000 | 193,044,000 |
Accumulated deficit | (218,037,000) | (196,102,000) |
Accumulated other comprehensive loss | (1,000) | 0 |
Total Equity | 12,453,000 | (3,058,000) |
Common Stock | 4,000 | 0 |
Series B Preferred Stock - Preferred Stock | 30,000 | 0 |
Additional Paid-in Capital | 230,457,000 | 193,044,000 |
Retained Earnings | (218,037,000) | (196,102,000) |
AOCI Attributable to Parent | (1,000) | 0 |
Class B Preferred Units - Temporary Equity [member] | 0 | 28,475,000 |
Special Preferred Units - Temporary Equity [member] | 0 | 1,143,000 |
Total Liabilities, TotalStone, LLC. Preferred Units & Equity | 51,378,000 | 47,221,000 |