SurgePays, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
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FY2025 · Filed Apr 15, 2026
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 Balance Sheets
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $1,731,400 | $11,790,389 |
| Restricted cash - line of credit reserve | 281,811 | - |
| Restricted cash - held in escrow | - | 1,000,000 |
| Accounts receivable - net | 4,045,162 | 3,000,209 |
| Inventory | 339,570 | 1,781,365 |
| Prepaids and other | 581,823 | 298,360 |
| Total Current Assets | 6,979,766 | 17,870,323 |
| Property and equipment - net | 403,517 | 591,088 |
| Other Assets | ||
| Note receivable | - | 176,851 |
| Intangibles - net | 819,153 | 1,472,962 |
| Goodwill | - | 3,300,000 |
| Operating lease - right of use asset - net | 313,410 | 564,781 |
| Total Other Assets | 1,132,563 | 5,514,594 |
| Total Assets | $8,515,846 | $23,976,005 |
| Liabilities and Stockholders’ Equity (Deficit) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $10,219,011 | $3,929,195 |
| Accounts payable and accrued expenses - related party | 117,546 | 192,845 |
| Operating lease liability | 219,997 | 248,069 |
| Notes payable | 1,834,008 | - |
| Note payable - related party | 2,730,796 | 1,689,367 |
| Convertible notes payable - net | 3,068,878 | - |
| Total Current Liabilities | 18,190,236 | 6,059,476 |
| Long Term Liabilities | ||
| Note payable - related party | - | 1,866,288 |
| Notes payable - SBA government | 458,334 | 469,396 |
| Operating lease liability | 99,235 | 319,232 |
| Convertible notes payable - net | 5,170,860 | - |
| Total Long Term Liabilities | 5,728,429 | 2,654,916 |
| Total Liabilities | 23,918,665 | 8,714,392 |
| Stockholders’ Equity (Deficit) | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized 21,847,927 and 20,431,549 shares issued and 21,151,974 and 20,068,929 shares outstanding, at December 31, 2025 and December 31, 2024, respectively | 21,852 | 20,435 |
| Additional paid-in capital | 83,246,736 | 76,842,878 |
| Treasury stock - at cost (695,953 and 362,620 shares, respectively) | (1,631,966) | (631,967) |
| Accumulated deficit | (96,984,297) | (60,915,427) |
| Stockholders’ equity (deficit) | (15,347,675) | 15,315,919 |
| Non-controlling interest | (55,144) | (54,306) |
| Total SurgePays Inc. Stockholders’ Equity (Deficit) | (15,402,819) | 15,261,613 |
| Total Liabilities and Stockholders’ Equity (Deficit) | $8,515,846 | $23,976,005 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.