For the quarter ending 2025-09-30, TOPP has $10,710,064 in assets. $1,547,573 in debts.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash | 463,352 | 1,487,357 | ||
| Deferred offering costs | - | 0 | ||
| Accounts receivable, net | 1,512,449 | 1,048,533 | ||
| Contract assets | 159,038 | 427,304 | ||
| Prepaid expenses and other current assets | 286,752 | 239,692 | ||
| Total current assets | 2,421,591 | 3,202,886 | ||
| Property and equipment, net | 1,837,419 | 1,973,810 | ||
| Intangible asset, net | 537,742 | 604,960 | ||
| Note receivable | 5,250,000 | 5,700,000 | ||
| Right-of-use asset, net | 512,442 | 580,545 | ||
| Security deposit | - | 61,000 | ||
| Right-of-use asset, net related party | 89,870 | - | ||
| Right-of-use asset, net related party-Related Party | - | 138,121 | ||
| Security deposit | 61,000 | - | ||
| Total assets | 10,710,064 | 12,261,322 | ||
| Income taxes payable | - | 0 | ||
| Accounts payable and accrued expenses | 563,225 | 654,358 | ||
| Loans payable, current maturities | 59,336 | 28,777 | ||
| Related party loan | 84,487 | 1,100,000 | ||
| Lease liability, current maturities | 163,086 | 149,198 | ||
| Lease liability, current maturities related party-Related Party | - | 66,689 | ||
| Lease liability, current maturities related party | 68,033 | - | ||
| Total current liabilities | 938,167 | 1,999,022 | ||
| Lease liability, net of current maturities-Related Party | - | 37,742 | ||
| Deferred tax liability | - | 0 | ||
| Lease liability, net of current maturities related party-Related Party | - | 37,742 | ||
| Loans payable, net of current maturities | 400,073 | 444,148 | ||
| Lease liability, net of current maturities | 192,997 | 252,263 | ||
| Lease liability, net of current maturities related party | 16,336 | - | ||
| Total liabilities | 1,547,573 | 2,733,175 | ||
| Common stock, 0.0001 par value, 300,000,000 shares authorized, 19,400,000 and 15,000,000 shares issued and outstanding at september 30, 2025 and december 31, 2024, respectively | 1,940 | 1,750 | ||
| Additional paid-in capital | 12,966,580 | 9,185,770 | ||
| (accumulated deficit) retained earnings | -3,806,029 | 340,627 | ||
| Total shareholders equity | 9,162,491 | 9,528,147 | ||
| Total liabilities and shareholders equity | 10,710,064 | 12,261,322 | ||
Toppoint Holdings Inc. (TOPP)
Toppoint Holdings Inc. (TOPP)