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$0.15-7.9%Stored close · as of Nov 9, 2026
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Consolidated Statements of Changes in Stockholders’ Equity
For the Three and Six Months Ended June 30, 2024
| Common Stock · Additional Paid-in · Accumulated · Non-Controlling · Total Stockholders’ | ||||||
|---|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Interest | Equity | |
| December 31, 2023 | 14,403,261 | $14,404 | $43,421,019 | $(15,186,203) | $154,244 | $28,403,464 |
| Stock issued for cash | 3,080,356 | 3,081 | 17,246,913 | - | - | 17,249,994 |
| Cash paid as direct offering costs | - | - | (1,395,000) | - | - | (1,395,000) |
| Exercise of warrants - cash | 1,860,308 | 1,861 | 8,797,396 | - | - | 8,799,257 |
| Exercise of warrants - cashless | 40,238 | 41 | (41) | - | - | - |
| Stock issued for services | 47,386 | 48 | 411,692 | - | - | 411,740 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 1,497,417 | - | - | 1,497,417 |
| Recognition of stock-based compensation - related party | - | - | 6,196 | - | - | 6,196 |
| Non-controlling interest | - | - | - | - | (12,164) | (12,164) |
| Net income | - | - | - | 1,224,595 | - | 1,224,595 |
| March 31, 2024 | 19,431,549 | 19,435 | 69,985,592 | (13,961,608) | 142,080 | 56,185,499 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 2,981,577 | - | - | 2,981,577 |
| Non-controlling interest | - | - | - | - | (19,431) | (19,431) |
| Net loss | - | - | - | (12,865,765) | - | (12,865,765) |
| June 30, 2024 | 19,431,549 | $19,435 | $72,967,169 | $(26,827,373) | $122,649 | $46,281,880 |
Consolidated Statements of Changes in Stockholders’ Equity
For the Three and Six Months Ended June 30, 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 | 60,082 | 60 | 307,398 | - | - | 307,458 |
| Recognition of stock based compensation - stock options | - | - | 9,294 | - | - | 9,294 |
| Non-controlling interest | - | - | - | - | (576) | (576) |
| Net income | - | - | - | 4,546,341 | - | 4,546,341 |
| March 31, 2023 | 14,176,914 | 14,177 | 41,097,399 | (31,257,765) | 126,959 | 9,980,770 |
| Stock issued for services | 64,927 | 65 | 311,121 | - | - | 311,186 |
| Recognition of stock based compensation - stock options | - | - | 9,294 | - | - | 9,294 |
| Exercise of warrants for cash | 43,814 | 44 | 207,196 | - | - | 207,240 |
| Non-controlling interest | - | - | - | - | 90,955 | 90,955 |
| Net income | - | - | - | 5,965,992 | - | 5,965,992 |
| June 30, 2023 | 14,285,655 | $14,286 | $41,625,010 | $(25,291,773) | $217,914 | $16,565,437 |
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