OLB GROUP, INC. Segments Disclosure
NOTE 16 – SEGMENTS
The Company applies ASC 280, Segment Reporting, in determining its reportable segments. The Company has two reportable segments: Bitcoin Mining and Fintech Services. The guidance requires that segment disclosures present the measure(s) used by the (“CODM”) to decide how to allocate resources and for purposes of assessing such segments’ performance. The Company’s CODM is comprised of several members of its executive management team who use revenue and expenses of our two operating segments to assess the performance of the business of our reportable operating segments.
The following tables detail revenue, operating expenses, and assets for the Company’s reportable segments for the year ended December 31, 2025.
| Fintech Segment | Bitcoin Mining Segment | Consolidated Total | ||||||||||
| ASSETS | ||||||||||||
| Current Assets: | ||||||||||||
| Cash | $ | 15,751 | $ | 26 | $ | 15,777 | ||||||
| Accounts receivable, net | 17,430 | 17,430 | ||||||||||
| Prepaid expenses | 162,766 | 162,766 | ||||||||||
| Other receivables | 430,232 | 398,983 | 829,215 | |||||||||
| Other current assets | 25,444 | 25,444 | ||||||||||
| Total Current Assets | 626,179 | 424,453 | 1,050,632 | |||||||||
| Other Assets: | ||||||||||||
| Property and equipment, net | 2,725,120 | 2,725,120 | ||||||||||
| Goodwill | 8,139,889 | 8,139,889 | ||||||||||
| Other long-term assets | 380,952 | 380,952 | ||||||||||
| Total Other Assets | 8,520,841 | 2,725,120 | 11,245,961 | |||||||||
| TOTAL ASSETS | $ | 9,147,020 | $ | 3,149,573 | $ | 12,296,593 | ||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities: | ||||||||||||
| Cash overdraft | $ | 27,019 | $ | $ | 27,019 | |||||||
| Accounts payable | 3,780,116 | 682,134 | 4,462,250 | |||||||||
| Accrued expenses | 817,600 | 817,600 | ||||||||||
| Merchant portfolio purchase installment obligation | 2,000,000 | 2,000,000 | ||||||||||
| Related party payable | 167,315 | 167,315 | ||||||||||
| Note payable – current portion | 216,684 | 216,684 | ||||||||||
| Due to/from intercompany | (24,067,037 | ) | 24,067,037 | |||||||||
| Total Current Liabilities | (17,058,303 | ) | 24,749,171 | 7,690,868 | ||||||||
| Total Liabilities | (17,058,303 | ) | 24,749,171 | 7,690,868 | ||||||||
| Stockholders’ Equity: | ||||||||||||
| Series A Preferred stock | ||||||||||||
| Common stock | 944 | 944 | ||||||||||
| Treasury stock | (109,988 | ) | (109,988 | ) | ||||||||
| Additional paid-in capital | 79,163,627 | 79,163,627 | ||||||||||
| Accumulated deficit | (52,849,260 | ) | (21,599,598 | ) | (74,448,858 | ) | ||||||
| Total stockholders’ equity (deficit) | 26,205,323 | (21,599,598 | ) | 4,605,725 | ||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 9,147,020 | $ | 3,149,573 | $ | 12,296,593 | ||||||
| Fintech Segment | Bitcoin Mining Segment | Consolidated Total | ||||||||||
| Revenue: | ||||||||||||
| Transaction and processing fees | $ | 7,936,768 | $ | $ | 7,936,768 | |||||||
| Merchant equipment rental and sales | 28,720 | 28,720 | ||||||||||
| Revenue, net - bitcoin mining | 210,256 | 210,256 | ||||||||||
| Other revenue from monthly recurring subscriptions | 302,241 | 302,241 | ||||||||||
| Digital product revenue | 198,922 | 198,922 | ||||||||||
| Total revenue | 8,466,651 | 210,256 | 8,676,907 | |||||||||
| Operating expenses: | ||||||||||||
| Processing and servicing costs, excluding merchant portfolio amortization | 7,528,415 | 7,528,415 | ||||||||||
| Depreciation expense | 507,393 | 507,393 | ||||||||||
| Salaries and wages | 1,997,044 | 996,648 | 2,993,692 | |||||||||
| Professional fees | 736,215 | 198,861 | 935,076 | |||||||||
| General and administrative expenses | 1,399,386 | 478,307 | 1,877,693 | |||||||||
| Total operating expenses | 11,661,060 | 2,181,209 | 13,842,269 | |||||||||
| Loss from operations | (3,194,409 | ) | (1,970,953 | ) | (5,165,362 | ) | ||||||
| Other income (expense): | ||||||||||||
| Interest expense | (395,645 | ) | (281 | ) | (395,926 | ) | ||||||
| Loss on conversion related party | (175,763 | ) | (175,763 | ) | ||||||||
| Loss on settlement of accounts payable and debt | (52,000 | ) | (52,000 | ) | ||||||||
| Loss on settlement of lawsuit | (85,000 | ) | (85,000 | ) | ||||||||
| Total other income | (708,408 | ) | (281 | ) | (708,689 | ) | ||||||
| Net loss | (3,902,817 | ) | (1,971,234 | ) | (5,874,051 | ) | ||||||
| Preferred dividends (related party) | (30,630 | ) | (30,630 | ) | ||||||||
| Deemed dividend – preferred stock | (775,000 | ) | (775,000 | ) | ||||||||
| Net Loss Applicable to Common Stockholders’ | $ | (4,708,447 | ) | $ | (1,971,234 | ) | $ | (6,679,681 | ) | |||
The following tables detail revenue, operating expenses, and assets for the Company’s reportable segments for the year ended December 31, 2024.
| Fintech Segment | Bitcoin Mining Segment | Consolidated Total | ||||||||||
| ASSETS | ||||||||||||
| Current Assets: | ||||||||||||
| Cash | $ | 27,125 | $ | 311 | $ | 27,436 | ||||||
| Accounts receivable, net | 100,621 | 100,621 | ||||||||||
| Prepaid expenses | 18,075 | 18,075 | ||||||||||
| Other receivables | 200,592 | 398,983 | 599,575 | |||||||||
| Total Current Assets | 346,413 | 399,294 | 745,707 | |||||||||
| Other Assets: | ||||||||||||
| Property and equipment, net | 3,254,039 | 3,254,039 | ||||||||||
| Intangible assets, net | 3,724 | 3,724 | ||||||||||
| Goodwill | 8,139,889 | 8,139,889 | ||||||||||
| Operating lease right-of-use assets | 140,218 | 140,218 | ||||||||||
| Other long-term assets | 395,952 | 395,952 | ||||||||||
| Total Other Assets | 8,679,783 | 3,254,039 | 11,933,822 | |||||||||
| TOTAL ASSETS | $ | 9,026,196 | $ | 3,653,333 | $ | 12,679,529 | ||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||||||
| Current Liabilities: | ||||||||||||
| Cash overdraft | $ | 31,750 | $ | $ | 31,750 | |||||||
| Accounts payable | 3,666,838 | 549,356 | 4,216,194 | |||||||||
| Accrued expenses | 1,080,863 | 70,940 | 1,151,803 | |||||||||
| Preferred dividend payable (related party) | 543,509 | 543,509 | ||||||||||
| Merchant portfolio purchase installment obligation | 2,000,000 | 2,000,000 | ||||||||||
| Related party payable | 1,171,960 | 32,000 | 1,203,960 | |||||||||
| Operating lease liability – current portion | 46,491 | 46,491 | ||||||||||
| Note payable – current portion | 202,939 | 202,939 | ||||||||||
| Due to/from intercompany | (22,629,401 | ) | 22,629,401 | |||||||||
| Total Current Liabilities | (13,885,051 | ) | 23,281,697 | 9,396,646 | ||||||||
| Long Term Liabilities: | ||||||||||||
| Operating lease liability – net of current portion | 93,869 | 93,869 | ||||||||||
| Total Liabilities | (13,791,182 | ) | 23,281,697 | 9,490,515 | ||||||||
| Stockholders’ Equity: | ||||||||||||
| Series A Preferred stock | 10 | 10 | ||||||||||
| Common stock | 228 | 228 | ||||||||||
| Treasury stock | (109,988 | ) | (109,988 | ) | ||||||||
| Additional paid-in capital | 71,098,571 | 71,098,571 | ||||||||||
| Accumulated deficit | (48,171,443 | ) | (19,628,364 | ) | (67,799,807 | ) | ||||||
| Total stockholders’ equity | 22,817,378 | (19,628,364 | ) | 3,189,014 | ||||||||
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $ | 9,026,196 | $ | 3,653,333 | $ | 12,679,529 | ||||||
| Fintech Segment | Bitcoin Mining Segment | Consolidated Total | ||||||||||
| Revenue: | ||||||||||||
| Transaction and processing fees | $ | 9,684,152 | $ | $ | 9,684,152 | |||||||
| Merchant equipment rental and sales | 75,575 | 75,575 | ||||||||||
| Revenue, net - bitcoin mining | 413,332 | 413,332 | ||||||||||
| Other revenue from monthly recurring subscriptions | 521,268 | 521,268 | ||||||||||
| Digital product revenue | 2,144,661 | 2,144,661 | ||||||||||
| Total revenue | 12,425,656 | 413,332 | 12,838,988 | |||||||||
| Operating expenses: | ||||||||||||
| Processing and servicing costs, excluding merchant portfolio amortization | 10,669,238 | 10,669,238 | ||||||||||
| Amortization expense | 83,810 | 449,995 | 533,805 | |||||||||
| Depreciation expense | 73,319 | 2,542,818 | 2,616,137 | |||||||||
| Salaries and wages | 1,932,528 | 1,000,420 | 2,932,948 | |||||||||
| Professional fees | 1,601,566 | 337,976 | 1,939,542 | |||||||||
| General and administrative expenses | 2,098,120 | 763,180 | 2,861,300 | |||||||||
| Impairment expense | 2,962,469 | 2,962,469 | ||||||||||
| Total operating expenses | 16,458,581 | 8,056,858 | 24,515,439 | |||||||||
| Loss from operations | (4,032,925 | ) | (7,643,526 | ) | (11,676,451 | ) | ||||||
| Other income (expense): | ||||||||||||
| Realized gain on sale of bitcoin | 222,751 | 222,751 | ||||||||||
Realized gain on investment | 274,731 | 274,731 | ||||||||||
| Interest expense | (45,942 | ) | (45,942 | ) | ||||||||
| Total other income | (45,942 | ) | 497,482 | 451,540 | ||||||||
| Net loss | (4,078,867 | ) | (7,146,044 | ) | (11,224,911 | ) | ||||||
| Preferred dividends (related party) | (124,903 | ) | (124,903 | ) | ||||||||
| Net Loss Applicable to Common Stockholders’ | $ | (4,203,770 | ) | $ | (7,146,044 | ) | $ | (11,349,814 | ) | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 1, 2026 | Showing above |
| 2024 | Apr 15, 2025 | |
| 2023 | Apr 15, 2024 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 28, 2022 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.