SurgePays, Inc.
For the period ended Dec 31, 2025. Filed Apr 15, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Changes in Stockholders’ Equity
Consolidated Statement of Changes in Stockholders’ Equity (Deficit)
For the Year Ended December 31, 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 |
| Stock issued for cash | 697,691 | 698 | 1,773,938 | - | - | - | - | 1,774,636 |
| Cash paid as direct offering costs | - | - | (123,197) | - | - | - | - | (123,197) |
| Stock issued to settle accounts payable | 22,807 | 23 | 65,433 | - | - | - | - | 65,456 |
| Stock issued for services | 324,000 | 324 | 641,106 | - | - | - | - | 641,430 |
| Recognition of stock based compensation - related parties | 288,880 | 289 | 939,701 | - | - | - | - | 939,990 |
| Stock based compensation - vested stock options | - | - | 1,149,449 | - | - | - | - | 1,149,449 |
| Stock based compensation - vested stock options - related parties | - | - | 552,286 | - | - | - | - | 552,286 |
| Debt discount - convertible notes payable - warrants issued | - | - | 1,084,927 | - | - | - | - | 1,084,927 |
| Debt discount - convertible notes payable - stock issued | 103,000 | 103 | 271,777 | - | - | - | - | 271,880 |
| Debt discount - note payable - warrants issued | - | - | 48,418 | - | - | - | - | 48,418 |
| Treasury stock reacquired in connection with convertible debt financing | - | - | - | - | 333,333 | (999,999) | - | (999,999) |
| Share and par value true up | (20,000) | (20) | 20 | - | - | - | - | - |
| Non-controlling interest | - | - | - | - | - | - | (838) | (838) |
| Net loss | - | - | - | (36,068,870) | - | - | - | (36,068,870) |
| December 31, 2025 | 21,847,927 | $21,852 | $83,246,736 | $(96,984,297) | 695,953 | $(1,631,966) | $(55,144) | $(15,402,819) |
SurgePays, Inc. and Subsidiaries
Consolidated Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 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 - related parties | 1,000,000 | 1,000 | 6,751,706 | - | - | - | - | 6,752,706 | |
| Stock based compensation - vested stock options | - | - | 986,244 | - | - | - | - | 986,244 | |
| Stock based compensation - vested stock options - related parties | - | - | 622,949 | - | - | - | - | 622,949 | |
| Treasury shares repurchased (share buy-backs) | - | - | - | - | 362,620 | (631,967) | - | (631,967) | |
| Non-controlling interest | - | - | - | - | - | - | (208,550) | (208,550) | |
| Net loss | - | - | - | (45,729,224) | - | - | - | (45,729,224) | |
| December 31, 2024 | 20,431,549 | $20,435 | $76,842,878 | $(60,915,427) | 362,620 | $(631,967) | $(54,306) | $15,261,613 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.