Toppoint Holdings Inc. Segments Disclosure
NOTE 14: SEGMENT INFORMATION
The Company operates as operating segment where it derives its revenue from the delivery of truckload services. To assess performance the chief operating decision maker (“CODM”), who is the , evaluates the operating results and performance through net income. Our CODM regularly reviews net income as reported on the statement of operations for purposes of evaluating performance, allocating resources, setting incentive compensation targets, and planning and forecasting future periods. In addition to net income overall, the CODM also regularly reviews additional significant expense categories, which comprise costs of revenue within the Company’s consolidated statements of operations. All other financial statement metrics are reviewed and/or considered on a consolidated basis:
| For The Year Ended December 31, 2025 | For The Year Ended December 31, 2024 | |||||||
| Revenue | ||||||||
| Non-related revenue | $ | 16,548,734 | $ | 16,039,513 | ||||
| Total revenue | 16,548,734 | 16,039,513 | ||||||
| Costs and expenses | ||||||||
| Independent contractor drivers | 10,508,019 | 10,104,283 | ||||||
| Insurance | 1,655,735 | 810,110 | ||||||
| Truck maintenance costs | 387,142 | 414,444 | ||||||
| Equipment rental | 409,777 | 408,652 | ||||||
| Equipment rental-related party | 423,489 | 339,454 | ||||||
| Parking rent | 780,491 | 405,000 | ||||||
| Depreciation and amortization | 608,757 | 164,202 | ||||||
| Other costs of revenue | 271,564 | 82,957 | ||||||
| Other costs of revenue – related parties | 1,006,035 | 1,541,811 | ||||||
| Total cost of revenue | 16,051,009 | 14,270,913 | ||||||
| General and administrative expenses | ||||||||
| Stock-based compensation | 5,363,550 | |||||||
| Other general and administrative expenses | 2,511,713 | 2,298,206 | ||||||
| Total general and administrative expenses | 7,875,263 | 2,298,206 | ||||||
| Total cost and expenses | 23,926,272 | 16,685,264 | ||||||
| Loss from operations | (7,377,538 | ) | (645,751 | ) | ||||
| Other (expense) income | ||||||||
| Interest expense | (363,499 | ) | (139,657 | ) | ||||
| Interest income | 381,292 | |||||||
| Loss on disposal | (11,498 | ) | ||||||
| Other income | 862,357 | |||||||
| Total other income, net | 17,793 | 711,202 | ||||||
| (Loss) income before income taxes | (7,359,745 | ) | 65,451 | |||||
| Provision for (benefit from) income taxes: | (15,159 | ) | (109,420 | ) | ||||
| Net (loss) income | $ | (7,344,586 | ) | $ | 174,871 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 25, 2026 | Showing above |
| 2024 | Apr 15, 2025 | |
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.