SurgePays Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
SURG$0.17+2.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current Assets | ||
| Cash | $38,434,580 | $14,622,060 |
| Accounts receivable - net | 1,412,177 | 9,536,074 |
| Inventory | 8,363,434 | 9,046,594 |
| Prepaids and other | 507,927 | 161,933 |
| Total Current Assets | 48,718,118 | 33,366,661 |
| Property and equipment - net | 221,075 | 361,841 |
| Other Assets | ||
| Note receivable | 176,851 | 176,851 |
| Intangibles - net | 1,799,716 | 2,126,470 |
| Internal use software development costs - net | 428,010 | 539,424 |
| Goodwill | 4,166,782 | 1,666,782 |
| Investment in CenterCom | 498,273 | 464,409 |
| Operating lease - right of use asset - net | 396,475 | 387,869 |
| Deferred income taxes - net | - | 2,835,000 |
| Total Other Assets | 7,466,107 | 8,196,805 |
| Total Assets | $56,405,300 | $41,925,307 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $4,297,557 | $6,439,120 |
| Accounts payable and accrued expenses - related party | 499,853 | 1,048,224 |
| Accrued income taxes payable | 100,000 | 570,000 |
| Deferred revenue | - | 20,000 |
| Operating lease liability | 96,332 | 43,137 |
| Note payable - related party | 1,606,654 | 4,584,563 |
| Total Current Liabilities | 6,600,396 | 12,705,044 |
| Long Term Liabilities | ||
| Note payable - related party | 2,730,796 | - |
| Notes payable - SBA government | 474,758 | 460,523 |
| Operating lease liability | 317,470 | 356,276 |
| Total Long Term Liabilities | 3,523,024 | 816,799 |
| Total Liabilities | 10,123,420 | 13,521,843 |
| Stockholders’ Equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized 19,431,549 and 14,403,261 shares issued and outstanding, respectively | 19,435 | 14,404 |
| Additional paid-in capital | 72,967,169 | 43,421,019 |
| Accumulated deficit | (26,827,373) | (15,186,203) |
| Stockholders’ equity | 46,159,231 | 28,249,220 |
| Non-controlling interest | 122,649 | 154,244 |
| Total Stockholders’ Equity | 46,281,880 | 28,403,464 |
| Total Liabilities and Stockholders’ Equity | $56,405,300 | $41,925,307 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.