SurgePays Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| For the Three Months Ended June 30, | For the Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $15,085,699 | $35,886,433 | $46,514,834 | $70,662,876 |
| Costs and expenses | ||||
| Cost of revenues | 18,528,774 | 25,860,705 | 41,775,243 | 52,942,665 |
| General and administrative expenses | 7,432,978 | 3,823,227 | 13,863,783 | 6,812,648 |
| Total costs and expenses | 25,961,752 | 29,683,932 | 55,639,026 | 59,755,313 |
| Income (loss) from operations | (10,876,053) | 6,202,501 | (9,124,192) | 10,907,563 |
| Other income (expense) | ||||
| Interest expense | (116,722) | (156,267) | (249,305) | (348,593) |
| Other income | 636,868 | - | 636,868 | - |
| Gain on investment in CenterCom | 17,711 | 10,713 | 33,864 | 43,742 |
| Total other income (expense) - net | 537,857 | (145,554) | 421,427 | (304,851) |
| Net income (loss) before provision for income taxes | (10,338,196) | 6,056,947 | (8,702,765) | 10,602,712 |
| Provision for income tax benefit (expense) | (2,547,000) | - | (2,970,000) | - |
| Net income (loss) including non-controlling interest | (12,885,196) | 6,056,947 | (11,672,765) | 10,602,712 |
| Non-controlling interest | (19,431) | 90,955 | (31,595) | 90,379 |
| Net income (loss) available to common stockholders | $(12,865,765) | $5,965,992 | $(11,641,170) | $10,512,333 |
| Earnings per share - attributable to common stockholders | ||||
| Basic | $(0.66) | $0.42 | $(0.63) | $0.74 |
| Diluted | $(0.66) | $0.40 | $(0.63) | $0.71 |
| Weighted average number of shares outstanding - attributable to common stockholders | ||||
| Basic | 19,431,549 | 14,191,083 | 18,562,416 | 14,154,163 |
| Diluted | 19,431,549 | 15,076,466 | 18,562,416 | 14,811,785 |
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