SurgePays Inc
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 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 Operations
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues | $4,769,697 | $34,160,834 | $51,284,531 | $104,823,710 |
| Costs and expenses | ||||
| Cost of revenues | 12,602,057 | 23,680,247 | 54,377,300 | 76,622,912 |
| General and administrative expenses | 6,448,402 | 3,389,015 | 20,312,185 | 10,201,663 |
| Total costs and expenses | 19,050,459 | 27,069,262 | 74,689,485 | 86,824,575 |
| Income (loss) from operations | (14,280,762) | 7,091,572 | (23,404,954) | 17,999,135 |
| Other income (expense) | ||||
| Interest expense | (112,814) | (130,335) | (362,119) | (478,928) |
| Loss on lease termination, net | (194,862) | - | (194,862) | - |
| Other income | 239 | - | 637,107 | - |
| Interest income | 183,537 | - | 183,537 | - |
| Unrealized gains - investments | 38,292 | - | 38,292 | - |
| Dividends, interest and other income - investments | 86,626 | - | 86,626 | - |
| Gain on investment in CenterCom | - | 51,894 | 33,864 | 95,636 |
| Total other income (expense) - net | 1,018 | (78,441) | 422,445 | (383,292) |
| Net income (loss) before provision for income taxes | (14,279,744) | 7,013,131 | (22,982,509) | 17,615,843 |
| Provision for income tax benefit (expense) | - | - | (2,970,000) | - |
| Net income (loss) including non-controlling interest | (14,279,744) | 7,013,131 | (25,952,509) | 17,615,843 |
| Non-controlling interest | (4,397) | (71,170) | (35,992) | 19,209 |
| Net income (loss) available to common stockholders | $(14,275,347) | $7,084,301 | $(25,916,517) | $17,596,634 |
| Earnings per share - attributable to common stockholders | ||||
| Basic | $(0.73) | $0.50 | $(1.37) | $1.24 |
| Diluted | $(0.73) | $0.49 | $(1.37) | $1.19 |
| Weighted average number of shares outstanding - attributable to common stockholders | ||||
| Basic | 19,689,010 | 14,291,263 | 18,940,689 | 14,205,127 |
| Diluted | 19,689,010 | 14,507,984 | 18,940,689 | 14,740,201 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.