SurgePays Inc
For the period ended Dec 31, 2023. Filed Mar 12, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Changes in Stockholders’ Equity
For the Year Ended December 31, 2023
| Common Stock · Additional Paid-in · Accumulated · Non-Controlling · Total Stockholders’ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Deficit · Interest · Equity | ||||||||
| December 31, 2022 | - | 14,116,832 | - | $14,117 | $40,780,707 | $(35,804,106) | $127,535 | $5,118,253 |
| Stock issued for services | 242,615 | 243 | 1,289,781 | - | - | 1,290,024 | ||
| Recognition of stock-based compensation - unvested shares - related parties | - | - | 529,534 | - | - | 529,534 | ||
| Recognition of stock-based compensation - stock options | - | - | 576,625 | - | - | 576,625 | ||
| Recognition of stock-based compensation - stock options - related party | - | - | 37,176 | - | - | 37,176 | ||
| Exercise of warrants for cash | 43,814 | 44 | 207,196 | - | - | 207,240 | ||
| Non-controlling interest | - | - | - | - | 26,709 | 26,709 | ||
| Net income | - | - | - | - | - | 20,617,903 | - | 20,617,903 |
| December 31, 2023 | - | 14,403,261 | - | $14,404 | $43,421,019 | $(15,186,203) | $154,244 | $28,403,464 |
SurgePays, Inc. and Subsidiaries
Consolidated Statements of Changes in Stockholders’ Equity
For the Year Ended December 31, 2022
| Series A Preferred Stock · Series C Preferred Stock · Common Stock · Additional Paid-in · Accumulated · Non-Controlling · Total Stockholders’ | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount · Capital · Deficit · Interest · Equity | |||||||||||||
| December 31, 2021 | 260,000 | $260 | - | $ | - | 12,063,834 | $12,064 | $38,662,340 | $(35,123,343) | $ | - | $3,551,321 | |
| Conversion of preferred stock to common stock - related parties | (260,000) | (260) | - | - | 1,300,000 | 1,300 | (1,040) | - | - | - | |||
| Conversion of debt into common stock - related party | - | - | - | - | 270,745 | 271 | 1,086,142 | - | - | 1,086,413 | |||
| Stock issued for services | - | - | - | - | 50,000 | 50 | 103,450 | - | - | 103,500 | |||
| Recognition of stock-based compensation - stock options | - | - | - | - | - | - | 37,176 | - | - | 37,176 | |||
| Stock issued as direct offering costs | - | - | - | - | 200,000 | 200 | (200) | - | - | - | |||
| Stock issued to purchase software | - | - | - | - | 85,000 | 85 | 411,315 | - | - | 411,400 | |||
| Warrants issued as debt issue costs | - | - | - | - | - | - | 115,404 | - | - | 115,404 | |||
| Warrants issued as interest expense | - | - | - | - | - | - | 365,794 | - | - | 365,794 | |||
| Exercise of warrants (cashless) | - | - | - | - | 147,153 | 147 | (147) | - | - | - | |||
| Exercise of warrants | - | - | - | - | 100 | - | 473 | - | - | 473 | |||
| Non-controlling interest | - | - | - | - | - | - | - | - | 127,535 | 127,535 | |||
| Net loss | - | - | - | - | - | - | - | (680,763) | - | (680,763) | |||
| December 31, 2022 | - | $ | - | - | $ | - | 14,116,832 | $14,117 | $40,780,707 | $(35,804,106) | $127,535 | $5,118,253 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.