OTC: GPOX
GPO Plus, Inc.CIK 0001673475 · Other · SIC 8900 · Services NEC
GPO Plus, Inc. (the “Company”) was incorporated in the State of Nevada on March 29, 2016, under the name Koldeck, Inc. for the purpose of operating a publishing business providing services of professional ghost writers, content writers, editors, and publishers. We have since changed our business… About this business →
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Latest financial statements
From 10-K filed Aug 11, 2026 (period ending Apr 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations
| Description | Year ended Apr 30, 2026 | Year ended Apr 30, 2025 | Year ended Apr 30, 2024 |
|---|---|---|---|
| Revenue: | |||
| Total revenue / net sales | 5.5 | 4.7 | 4.4 |
| Cost of revenue / cost of sales | 4.1 | 3.6 | 3.5 |
| Gross profit | 1.4 | 1.1 | 0.8 |
| Operating expenses: | |||
| General and administrative | 2.4 | 1.8 | 1.6 |
| Total operating expenses | 3.5 | 4.3 | 4.8 |
| Operating income | (2.1) | (3.2) | (4.0) |
| Interest expense | 0.7 | 1.2 | 1.0 |
| Other income/(expense), net | (0.3) | (1.1) | |
| Net income | (2.4) | (4.3) | (4.9) |
| Diluted earnings per share | (0.03) | (0.07) | (0.11) |
Consolidated Balance Sheets
| Description | Apr 30, 2026 | Apr 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 0.01 | 0.3 |
| Accounts receivable, net | — | 0.06 |
| Inventories | 0.03 | 0.08 |
| Prepaid expenses and other current assets | 0.03 | — |
| Total current assets | 0.07 | 0.5 |
| Property, plant and equipment, net | 0.06 | 0.10 |
| Finite-lived intangible assets, net | — | 0.01 |
| Other long-term assets | 0.4 | 0.2 |
| TOTAL ASSETS | 0.5 | 0.8 |
| Current liabilities: | ||
| Other current liabilities | 6.7 | 6.0 |
| Total current liabilities | 6.7 | 6.0 |
| Other long-term liabilities | 0.2 | 0.1 |
| Total liabilities | 6.9 | 6.2 |
| Shareholders' equity: | ||
| Common stock | 0.01 | 0.01 |
| Capital in excess of stated value | 37.9 | 36.5 |
| Retained earnings (deficit) | (46.2) | (43.8) |
| Total shareholders' equity | (8.3) | (7.3) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 0.5 | 0.8 |
Consolidated Statements of Cash Flows
| Description | Year ended Apr 30, 2026 | Year ended Apr 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | (1.4) | (1.0) |
| Investing Activities: | ||
| Net cash from investing activities | — | (0.03) |
| Financing Activities: | ||
| Net cash from financing activities | 1.1 | 1.3 |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About GPO Plus, Inc.
Source: Item 1 (Business) from the 10-K filed August 11, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
General Overview
History
GPO Plus, Inc. (the “Company”) was incorporated in the State of Nevada on March 29, 2016, under the name Koldeck, Inc. for the purpose of operating a publishing business providing services of professional ghost writers, content writers, editors, and publishers. We have since changed our business model and are now operating as a publicly traded global holding company of industry specific group purchasing organizations (GPOs), presently trading under the stock symbol GPOX.
Our business and corporate headquarters address is 3571 E. Sunset Road, Suite 300, Las Vegas, NV 89120, and our telephone number is 702-840-1020. Our corporate website is gpoplus.com and our section for shareholders is gpoplus.com/ir.
We do not have any subsidiaries as of the date of this Annual Report.
The Company
Our Current Business
GPOPlus+ (GPOX)
GPOPlus+ “GPOX” is a leading Direct Store Delivery “DSD” distribution company pioneering the future of distribution to convenience stores and gas stations with its technology-driven distribution model.
Our strategic approach involves a close collaboration with retailers to curate a tailored selection of fast-moving consumer goods (FMCG) that cater to the specific needs of their customer base. By visiting our retail partners weekly, we ensure that shelves are consistently stocked with the most sought-after products, maintaining optimal inventory levels, and maximizing retail success. This partnership extends to working directly with manufacturers and vendors, enhancing our product lineup, and, in some cases, creating our own branded products to fill market gaps.
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Our in-house technology platform, PRISM+, is at the core of our operations, designed to streamline the distribution process. PRISM+ supports efficient delivery, inventory management, data analytics, and overall operational excellence, enabling us to reliably and effectively meet the dynamic needs of our partners.
Overview
GPOX is pioneering the future of distribution to convenience stores and gas stations with our groundbreaking DSD distribution model. Our technology-driven distribution network is strategically designed to optimize effectiveness and maximize reach through a network of Regional Hubs and Mini Hubs. This innovative structure enhances our efficiency and service quality, setting a new benchmark for excellence in the distribution industry.
Understanding our retail partners' critical needs and challenges, we work closely with them to identify pain points and devise tailored solutions that exceed their expectations! Our commitment to distribution superiority is mirrored in our approach to product selection. We align product offerings with consumer demand by identifying the most relevant and sought-after items; we collaborate with best-in-class vendors, manufacturers, and brands to curate an exceptional product lineup. In some cases, GPOX manufactures products, ensuring our market-leading portfolio remains diverse, exclusive, highly profitable, and in demand. This unique approach enables us to deliver unparalleled value to our retail partners, ensuring that their shelves are consistently stocked with the products consumers want the most.
GPOX is not just a distributor; we are a partner invested in the success of our clients. Our rapid growth is a testament to the effectiveness of our DSD model and the trust placed in us by some of the country's largest convenience store and gas station chains.
Over the last year, we discovered that a few distributors deliver 80% - 85% of products in convenience stores and gas stations, while the remaining 15% - 20% is handled by numerous regional vendors using a drop-ship model. Our mission is to consolidate this fragmented 15% - 20% market, leveraging our extensive service area, our weekly DSD service, and approaching independent store operators to gain a significant competitive advantage.
We are deeply committed to perfecting every aspect of our DSD distribution service. We believe in the power of getting it right - building a scalable, robust business model that can expand without sacrificing quality. Our strategy to achieve this encompasses all distribution aspects, from customer service provided by our drivers to efficient warehouse operations to full technology implementation. While pursuing perfection, our strategy includes onboarding new customers in our existing service area and doing so until we get it right!
We have invested time, money, and resources to build the infrastructure for a highly scalable business model capable of nationwide expansion, not just facilitating our current customer base. Once we have solidified our operations and ensured the success of these partnerships, we will set our sights on 2025 and beyond, aiming to scale up to serve over 20,000 locations nationwide.
Industry Background: How BIG is Our Target Market?
In 2023, the United States boasted approximately 152,396 convenience stores and gas stations, with single-store operators making up 96,161 (63.1%) of these establishments, indicating a strong presence of independent ownership within the market. We empower independent retailers with the same level of service and pricing as large chains.
Total industry revenues approached $860 Billion for the year, with $532.2 Billion derived from motor fuel sales and $327.6 Billion from in-store sales, highlighting the significant revenue potential beyond just fuel.
Our Target Market
Over the last year, we learned that 80% - 85% of all the products you see in convenience stores and gas stations are delivered by just a few distributors. The remaining 15% - 20% is serviced by dozens, in some cases more than 50+ vendors and distributors, with primarily a drop-ship model. Many of these vendors and/or distributors are regional; the larger the convenience store/gas station chain, the fewer vendors they want to work with. Our mission is to consolidate the 15% - 20% of highly fragmented products represented by many vendors and distributors. This is our Target Market, where we have a significant competitive advantage due to our large service area and weekly DSD service!
Our Opportunity
The opportunity within this sector also lies mainly in the in-store sales domain, which is growing in diversity and volume. As consumer preferences shift towards quick, accessible shopping for a broader range of products, convenience stores are uniquely positioned to meet these demands. This market dynamic presents a fertile ground for companies like GPOX looking to capitalize on the expanding role of convenience stores beyond traditional fuel sales, offering substantial returns on investments in enhancing in-store offerings and customer experience. Getting Really, Really Good at DSD Distribution
The GPOX Team is dedicated to perfecting our DSD model by optimizing each aspect of our distribution process to ensure efficiency, profitability, and customer satisfaction by merging traditional distribution practices with innovative technologies. Our approach focuses on advanced logistics technology, rigorous training for our teams, and strategic partnerships with retailers to streamline the flow of goods directly to stores. This integration ensures high-quality control and supply chain resilience by distributing and manufacturing high-demand products, positioning us as a key player in the convenience retail sector.
This unique approach centers around a deep collaboration with retail partners and vendors. We distribute and manufacture high-demand products, making us a pivotal player in the convenience retail ecosystem. This vertical integration allows us to control quality and improve supply chain resilience, providing a consistent and reliable service to all our partners.
Our in-house technology platform, PRISM+, is at the forefront of supply chain management, driver management, and maintaining tight control over inventory. It enables precise inventory tracking, optimizes delivery routes, and ensures accurate, timely fulfillment. This reduces overhead costs and increases profitability for GPOX and our partners, distinguishing us as a strategic ally invested in their success.
Our in-person direct delivery model cuts operational costs for retailers and strengthens retailer relationships through consistent quality service and customized in-store promotions. As we refine our processes, GPOX is poised to lead in DSD distribution for gas stations and convenience stores, offering unparalleled value to our partners and an enhanced consumer experience.
Part of our DSD model is sourcing and manufacturing high quality products with high sales velocity and data analysis to refine an optimal product mix on a store-by-store basis. We continually work with vendors and manufacturing partners to source the best-suited products for our retail partners. When we increase the number of stores we provide distribution services to, we also increase the global footprint of our vendor partner's products, thus increasing their reach for a win-win for all! We are negotiating better deals with better terms and margins and will continue to do so, like a Group Purchasing Organization or a GPO!
We Are Problem Solvers!
We solve many problems for our retail partners just by being in the store weekly. Solving these problems creates a lot of value for GPOX, making us an indispensable partner. The problems solved include but are not limited to:
·
Inventory Optimization: Store owners and managers no longer have to place orders for these products, as we replenish them with our weekly service. We manage weeks of supply.
·
Saves Retail Space: Retailers no longer have to take up valuable retail space to store additional products; they have precisely what they need for that week or delivery period.
·
Saves Labor Costs: Store owners and managers no longer have to break down pallets, enter the products into inventory, and restock shelves.
·
Planogram Integrity: At the corporate level, the category managers can rest assured their planograms for each store layout are being adhered to, leading to more accurate reporting, forecasting, and sales.
·
Analytics: Using our technology, enhanced reporting provides insights into customer buying behaviors, leading to optimal product assortments and inventory levels.
·
Right products, in the right place at the right time.
·
Offering category expansion opportunities
·
We provide market research for clients' growth initiatives.
·
Territory: GPOX provides DSD service throughout the Midwest, which is the most challenging territory for this level of service. In the past, the Midwest was primarily serviced only by broadline or super-regional distributors.
·
Relationships: Our dedicated driving team has the lowest turnover rate in the industry, which means our store relationships are unmatched. This creates the opportunity to bring additional business and receive accurate customer feedback in real time.
·
Speed: Without lightning-fast response time to market trends and regulation changes, our competitors can compete!
·
Trends: Our speed of market is an advantage for the retailer and our supplier partners.
·
In Stock: Thanks to our model's efficiencies, retailers experience few to no out-of-stock, benefiting both the retailer and supplier. We partner with or handle supply disruptions so our clients can focus on their growth initiatives.
·
Retailer Private Label Products: The private label sector faces challenges related to customer perception of quality and competing with national brands. Analyzing sales data helps us support category managers in refining their product assortment, and DSD service protects the assortment from the common practice of national brands encroaching on shelf space. These practices contribute to a robust private label program for retailers, increasing our relationship's value.
We solve unique needs, like helping with new store set-ups & launches, which go beyond typical distribution relationships.
GPOX Product Portfolio Strategy
As we continue to grow, we are dedicated to expanding our product portfolio to meet the evolving needs of gas stations and convenience stores. We aim to represent diverse top-selling products that drive sales and enhance customer satisfaction.
To achieve our growth objectives, we conduct thorough market research to identify emerging trends and consumer preferences specific to gas stations and convenience stores. This enables us to select top-selling products that align with current demand. The establishment of strong partnerships with best-in-class vendors and manufacturers known for their commitment to quality, innovation, and reliability is crucial. We rigorously evaluate potential products for inclusion in our portfolio to ensure they meet our standards for quality and compliance.
PRISM+ Overview
PRISM+ (Predictive Route, Inventory, and Service Management) is our in-house technology platform is designed specifically for the gas station and convenience store industry. As a DSD (Direct Store Delivery) distributor, PRISM+ enables us to optimize and streamline our operations, driving significant efficiencies and enhancing service quality.
How We Generate Sales
We have worked hard to simplify our business model. The way we generate revenue is easy to understand.
Current Revenue Streams
We currently make money from the products we deliver to stores as follows:
1.
Wholesale Markup + Volume Discounts: We purchase products from manufacturers at wholesale or discounted prices and sell them to retailers at a higher price. By selling large volumes, we benefit from economies of scale, which reduces our per-unit costs and increases our profit margins. The primary source of our revenue is the difference between our wholesale cost and the price at which we sell to retailers (the markup or margin).
2.
Manufacturing: In some cases, we manufacture our own products. When GPOX is the manufacturer, we achieve significantly higher margins than wholesale products. Our profit margins are the difference between our manufacturing costs and the price we sell to retailers. This is superior to the profit from a markup on a product purchased from an outside manufacturer.
3.
Delivery/Distribution Fees: We charge retailers a delivery fee for our weekly Direct Store Delivery (DSD) service. Sometimes, we purchase products on their behalf and store them in our Regional and Mini Hubs, and we earn a modest margin on these products when they are delivered.
Employees and Consultants
We had 24 employees as of April 30, 2026, or as at the date of this Annual Report. As of the date of this Annual Report we are actively recruiting employees. We anticipate that we will require approximately 10 to 15 employees during fiscal 2027. We may also engage independent contractors as required to assist us in developing our business.