SurgePays, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 2025.
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, 2025 · Filed Nov 12, 2025
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
(Deficit) For the Three and Nine Months Ended September 30, 2025
| Common Stock · Additional Paid-in · Accumulated · Treasury Stock · Non-Controlling · Total Stockholders’ Equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Capital | Deficit | Shares | Amount | Interest | (Deficit) | |
| December 31, 2024 | 20,431,549 | $20,435 | $76,842,878 | $(60,915,427) | 362,620 | $(631,967) | $(54,306) | $15,261,613 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 155,119 | - | - | - | - | 155,119 |
| Non-controlling interest | - | - | - | - | - | - | (209) | (209) |
| Net loss | - | - | - | (7,635,084) | - | - | - | (7,635,084) |
| March 31, 2025 | 20,431,549 | 20,435 | 76,997,997 | (68,550,511) | 362,620 | (631,967) | (54,515) | 7,781,439 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 155,119 | - | - | - | - | 155,119 |
| Debt discount - convertible note payable - warrants issued | - | - | 207,640 | - | - | - | - | 207,640 |
| Treasury stock reacquired in connection with convertible debt financing | - | - | - | - | 333,333 | (999,999) | - | (999,999) |
| Non-controlling interest | - | - | - | - | - | - | (209) | (209) |
| Net loss | - | - | - | (7,082,598) | - | - | - | (7,082,598) |
| June 30, 2025 | 20,431,549 | 20,435 | 77,360,756 | (75,633,109) | 695,953 | (1,631,966) | (54,724) | 61,392 |
| Stock issued for cash | 266,877 | 267 | 649,116 | - | - | - | - | 649,383 |
| Cash paid as direct offering costs | - | - | (58,880) | - | - | - | - | (58,880) |
| Share and par value true-up | 998 | 1 | (1) | - | - | - | - | - |
| Stock issued for services | 9,000 | 9 | 25,821 | - | - | - | - | 25,830 |
| Stock issued to settle accounts payable | 22,807 | 23 | 65,433 | - | - | - | - | 65,456 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 215,887 | - | - | - | - | 215,887 |
| Debt discount - convertible note payable - stock issued | 30,000 | 30 | 85,770 | - | - | - | - | 85,800 |
| Debt discount - convertible note payable - warrants issued | - | - | 19,947 | - | - | - | - | 19,947 |
| Non-controlling interest | - | - | - | - | - | - | (227) | (227) |
| Net loss | - | - | - | (7,489,068) | - | - | - | (7,489,068) |
| September 30, 2025 | 20,761,231 | $20,765 | $78,363,849 | $(83,122,177) | 695,953 | $(1,631,966) | $(54,951) | $(6,424,480) |
** SurgePays, Inc. and Subsidiaries**
Consolidated Statements of Changes in Stockholders’ Equity
For the Three and Nine Months Ended September 30, 2024
| Common Stock · Additional Paid-in · Accumulated · Treasury Stock · Non-Controlling · Total Stockholders’ | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Capital · Deficit · Shares · Amount · 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 | ||
| Recognition of stock based compensation - unvested shares - related parties | 500,000 | 500 | 1,758,482 | - | - | - | - | 1,758,982 | ||
| Treasury shares repurchased (share buy-backs) | - | - | - | - | 280,770 | (485,131) | - | (485,131) | ||
| Non-controlling interest | - | - | - | - | - | - | (4,397) | (4,397) | ||
| Net loss | - | - | - | (14,275,347) | - | - | - | (14,275,347) | ||
| September 30, 2024 | 19,931,549 | $19,935 | $74,725,651 | $(41,102,720) | 280,770 | $(485,131) | $118,252 | $33,275,987 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.