SurgePays, Inc.
For the period ended Mar 31, 2026. Filed May 20, 2026.
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.
Mar 31, 2026 · Filed May 20, 2026
SURG$0.16+3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows (Unaudited)
SurgePays, Inc and Subsidiaries
Consolidated Statements of Cash Flows
| For the Three Months Ended March 31, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Operating activities | ||||
| Net loss - including non-controlling interest | $(12,051,034) | $(7,635,293) | ||
| Adjustments to reconcile net loss to net cash used in operations | ||||
| Depreciation and amortization | 190,216 | 249,574 | ||
| Amortization of right-of-use assets | 52,716 | 61,279 | ||
| Amortization of debt discount/debt issue costs | 437,778 | - | ||
| Stock issued for services | 334,000 | - | ||
| Recognition of stock based compensation - related parties | - | 155,119 | ||
| Recognition of share based compensation - options | 7,787 | - | ||
| Recognition of share based compensation - options - related party | 49,895 | - | ||
| Change in fair value of derivative liabilities | (30,241) | - | ||
| Changes in operating assets and liabilities | ||||
| (Increase) decrease in | ||||
| Accounts receivable | (996,674) | 513,320 | ||
| Prepaids and other | 171,081 | 113,764 | ||
| Increase (decrease) in | ||||
| Accounts payable and accrued expenses | 7,295,002 | (168,375) | ||
| Accounts payable and accrued expenses - related party | 41,589 | (192,845) | ||
| Operating lease liability | (52,914) | (60,027) | ||
| Net cash used in operating activities | (4,550,799) | (6,963,484) | ||
| Investing activities | ||||
| Purchase of leasehold improvements | - | (18,590) | ||
| Net cash used in investing activities | - | (18,590) | ||
| Financing activities | ||||
| Proceeds from common stock issued for cash | 2,514,375 | - | ||
| Cash paid as direct offering costs - common stock | (375,000) | - | ||
| Proceeds from issuance of notes payable | 954,272 | - | ||
| Repayments of notes payable | (347,983) | - | ||
| Proceeds from issuance of convertible notes payable | 2,225,000 | - | ||
| Cash paid as direct offering costs - convertibles note payable | (14,500) | - | ||
| Repayments of loans - related party | - | (407,776) | ||
| Repayments on notes payable - SBA government | (2,415) | - | ||
| Treasury shares repurchased (share buy-backs) | - | (2,769) | ||
| Net cash provided by financing activities | 4,953,749 | (410,545) | ||
| Net decrease in cash, cash equivalents and restricted cash | 402,950 | (7,392,619) | ||
| Cash, cash equivalents and restricted cash - beginning of period | 2,013,211 | 12,790,389 | ||
| Cash, cash equivalents and restricted cash - end of period | $2,416,161 | $5,397,770 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $38,472 | $908,760 | ||
| Cash paid for income tax | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Conversion of debt to common stock - related party | $707,200 | $ | - | |
| Debt forgiveness - related party | $292,800 | $ | - | |
| Debt discount - convertible notes payable - original issue discount | $83,333 | $ | - | |
| Debt discount - convertible notes payable - issuance of common stock | $54,828 | $ | - | |
| Debt discount - convertible notes payable - stated interest | $66,667 | $ | - | |
| Debt discount - convertible note payable - issuance of warrants (derivative liabilities) | $215,223 | $ | - | |
| Stock issued in settlement of accounts payable | $ | - | $ | - |
| Reclassification of accrued interest - related party to note payable - related party | $ | - | $ | - |
| Exercise of warrants - cashless | $ | - | $ | - |
| Termination of ROU operating lease assets and liabilities | $ | - | $ | - |
| Right-of-use asset obtained in exchange for new operating lease liability | $ | - | $ | - |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.