SurgePays Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
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FY2023 · Filed Mar 12, 2024
SURG$0.15-7.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash | $14,622,060 | $7,035,654 |
| Accounts receivable - net | 9,536,074 | 9,230,365 |
| Inventory | 9,046,594 | 11,186,242 |
| Prepaids and other | 161,933 | 111,524 |
| Total Current Assets | 33,366,661 | 27,563,785 |
| Property and equipment - net | 361,841 | 643,373 |
| Other Assets | ||
| Note receivable | 176,851 | 176,851 |
| Intangibles - net | 2,126,470 | 2,779,977 |
| Internal use software development costs - net | 539,424 | 387,180 |
| Goodwill | 1,666,782 | 1,666,782 |
| Investment in CenterCom | 464,409 | 354,206 |
| Operating lease - right of use asset - net | 387,869 | 431,352 |
| Deferred income taxes - net | 2,835,000 | - |
| Total Other Assets | 8,196,805 | 5,796,348 |
| Total Assets | $41,925,307 | $34,003,506 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $6,439,120 | $5,784,374 |
| Accounts payable and accrued expenses - related party | 1,048,224 | 1,728,721 |
| Accrued income taxes payable | 570,000 | - |
| Installment sale liability | - | 13,018,184 |
| Deferred revenue | 20,000 | 243,110 |
| Operating lease liability | 43,137 | 39,490 |
| Notes payable - related parties | 4,584,563 | 1,108,150 |
| Notes payable | - | 1,542,033 |
| Total Current Liabilities | 12,705,044 | 23,464,062 |
| Long Term Liabilities | ||
| Note payable | - | 53,134 |
| Notes payable - related parties | - | 4,493,798 |
| Notes payable - SBA government | 460,523 | 474,846 |
| Operating lease liability | 356,276 | 399,413 |
| Total Long-Term Liabilities | 816,799 | 5,421,191 |
| Total Liabilities | 13,521,843 | 28,885,253 |
| Stockholders’ Equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized 14,403,261 and 14,116,832 shares issued and outstanding, respectively | 14,404 | 14,117 |
| Additional paid-in capital | 43,421,019 | 40,780,707 |
| Accumulated deficit | (15,186,203) | (35,804,106) |
| Stockholders’ equity | 28,249,220 | 4,990,718 |
| Non-controlling interest | 154,244 | 127,535 |
| Total Stockholders’ Equity | 28,403,464 | 5,118,253 |
| Total Liabilities and Stockholders’ Equity | $41,925,307 | $34,003,506 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.