$TOPP

Toppoint Holdings Inc.

CIK:0001960847|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue	$ 4,640,068	$ 3,968,924	$ 8,747,011	$ 7,780,534
Costs and expenses
Costs of revenue	3,989,989	3,646,829	7,916,437	7,085,053
Costs of revenue – related parties	272,562	350,026	620,170	613,279
Total general and administrative expenses	718,143	1,561,182	1,265,099	2,078,432
Total costs and expenses	4,980,694	5,558,037	9,801,706	9,776,764
Loss from operations	(340,626)	(1,589,113)	(1,054,695)	(1,996,230)
Other (expense) income
Interest expense	(54,557)	(152,087)	(81,720)	(252,118)
Interest income	88,472	100,859	175,972	173,192
Total other income (expense), net	33,915	(51,228)	94,252	(78,926)
Loss before income taxes	(306,711)	(1,640,342)	(960,443)	(2,075,156)
Provision for (benefit from) income taxes:
Current				171,949
Deferred		(108,819)		(187,108)
Income tax provision (benefit)		(108,819)		(15,159)
Net loss	$ (306,711)	$ (1,531,523)	$ (960,443)	$ (2,059,997)
Basic net loss per share attributed to common stockholders (in Dollars per share)	$ (0.01)	$ (0.09)	$ (0.05)	$ (0.12)
Diluted net loss per share attributed to common stockholders	$ (0.01)	$ (0.09)	$ (0.05)	$ (0.12)
Weighted Average Number of Shares Outstanding - Basic (in Shares)	20,963,736	17,500,000	20,335,359	17,222,222
Weighted Average Number of Shares Outstanding - Diluted (in Shares)	20,963,736	17,500,000	20,335,359	17,222,222

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (960,443)	$ (2,059,997)
Adjustments to reconcile from net loss to net cash (used in) operating activities:
Amortization of operating lease right-of-use assets	146,768	163,710
Amortization of financing lease right-of-use assets	26,042
Depreciation	159,502	230,706
Deferred taxes		(187,108)
Amortization of intangible assets	134,436	134,436
Amortization of debt issuance costs	12,500
Stock-based compensation		985,550
Changes in operating assets and liabilities
Accounts receivable, net	(106,821)	154,468
Contract assets	5,640	(339,151)
Prepaid expenses	(46,200)	(239,692)
Prepaid expenses-related party	75,000
Interest receivable on loan receivable	(175,972)
Security deposits		(11,000)
Accounts payable and accrued expenses	(78,119)	251,804
Deferred revenue	1,931
Income taxes payable		(142,093)
Operating lease liabilities	(112,679)	(81,209)
Net cash used in operating activities	(918,415)	(1,139,576)
Cash flows from investing activities:
Note receivable		(5,700,000)
Deposit on property and equipment – related party	500,000
Purchases of property and equipment		(1,012,944)
Net cash provided by (used in) investing activities	500,000	(6,712,944)
Cash flows from financing activities:
Proceeds from note payable		328,500
Principal payments on finance lease	(28,872)
Repayments of loans payable	(186,628)	(5,475)
Issuance of common stock, net of issuance costs	4,130,000	8,459,232
Net cash provided by financing activities	3,914,500	8,782,257
Net change in cash	3,496,085	929,738
Cash, beginning of period	1,202,395	557,619
Cash, end of period	4,698,480	1,487,357
Cash paid during the period for:
Interest	51,126	5,848
Income taxes		314,042
Supplemental disclosure of non-cash investing and financing activities:
Initial value of finance lease right-of-use asset and finance lease liability	$ 125,000

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 4,698,480	$ 1,202,395
Accounts receivable, net	1,509,242	1,402,421
Contract assets	172,752	178,392
Prepaid expenses	46,200
Loan receivable, current	2,000,000	2,000,000
Interest receivable from loan receivable	541,751	365,779
Total Current Assets	8,968,425	5,223,987
Other Assets
Property and equipment, net	1,047,554	1,207,056
Deposit on property and equipment – related party		500,000
Intangible asset, net	336,089	470,525
Loan receivable, non-current	3,000,000	3,000,000
Operating Lease Right-of-use asset, net	343,163	458,614
Operating Lease Right-of-use asset, net– related parties	43,241	74,559
Financing Lease Right-of-use asset, net	98,958
Security deposit	61,000	61,000
Total Assets	13,898,430	10,995,741
Current Liabilities
Accounts payable and accrued expenses	808,124	886,243
Deferred revenue	25,022	23,091
Loans payable, current maturities	375,375	383,827
Related party loan	84,487	84,487
Lease liability - operating, current maturities	199,244	174,344
Lease liability - operating, current maturities – related party	37,741	63,586
Lease liability – financing, current maturities	57,622
Total Current Liabilities	1,587,615	1,615,578
Loans payable, net of current maturities	442,502	608,178
Lease liability - operating, net of current maturities	38,692	144,954
Lease liability – financing, net of current maturities	38,506
Lease liability - operating, net of current maturities – related party		5,473
Total Liabilities	2,107,315	2,374,183
Commitment and contingencies
Shareholders’ Equity
Preferred stock, $0.0001 par value, 50,000,000 authorized, 0 shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value, 300,000,000 shares authorized, 24,700,000 and 19,700,000 issued and outstanding at June 30, 2026 and December 31, 2025, respectively	2,470	1,970
Additional paid-in capital	17,693,050	13,563,550
Accumulated deficit	(5,904,405)	(4,943,962)
Total Shareholders’ Equity	11,791,115	8,621,558
Total Liabilities and Shareholders’ Equity	13,898,430	10,995,741
Related Party
Current Assets
Prepaid expenses – related party		$ 75,000