SurgePays, Inc.
For the period ended Jun 30, 2026. Filed Aug 19, 2026.
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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.
Jun 30, 2026 · Filed Aug 19, 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)
Consolidated Statements of Cash Flows
| For the Six Months Ended June 30, | ||||
|---|---|---|---|---|
| 2026 · 2025 | ||||
| Operating activities | ||||
| Net loss - including non-controlling interest | $(10,762,912) | $(14,718,100) | ||
| Adjustments to reconcile net loss to net cash used in operations | ||||
| Depreciation and amortization | 380,437 | 479,689 | ||
| Amortization of right-of-use assets | 106,519 | 123,556 | ||
| Amortization of debt discount/debt issue costs | 930,509 | 66,887 | ||
| Stock issued for services | 843,935 | - | ||
| Stock issued for services - related party | 657,900 | - | ||
| Recognition of stock based compensation - related parties | - | 310,238 | ||
| Recognition of share based compensation - options | 15,574 | - | ||
| Recognition of share based compensation - options - related party | 110,208 | - | ||
| Change in fair value of derivative liabilities | (323,120) | - | ||
| Derivative expense | 1,168,511 | |||
| Accretion of discount on accounts receivable | (132,727) | - | ||
| Gain on contract liability settlement | (8,511,672) | - | ||
| Loss on present value measurement of long-term accounts receivable | 415,067 | - | ||
| Changes in operating assets and liabilities | ||||
| (Increase) decrease in | ||||
| Accounts receivable | (1,396,985) | 319,496 | ||
| Inventory | 85,712 | (629,452) | ||
| Prepaids and other | 185,456 | 99,957 | ||
| Increase (decrease) in | ||||
| Accounts payable and accrued expenses | 8,435,296 | 1,179,207 | ||
| Accounts payable and accrued expenses - related party | 718,178 | (192,845) | ||
| Operating lease liability | (106,918) | (121,052) | ||
| Net cash used in operating activities | (7,181,032) | (13,082,419) | ||
| 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 | (585,994) | - | ||
| Proceeds from issuance of convertible notes payable | 5,070,000 | 6,000,000 | ||
| Cash paid as direct offering costs - convertibles note payable | (25,500) | (595,000) | ||
| Repayments of loans - related party | - | (684,419) | ||
| Repayments on notes payable - SBA government | (5,048) | (5,512) | ||
| Treasury shares repurchased (share buy-backs) | - | - | ||
| Net cash provided by financing activities | 7,547,105 | 4,715,069 | ||
| Net increase (decrease) in cash, cash equivalents and restricted cash | 366,073 | (8,385,940) | ||
| Cash, cash equivalents and restricted cash - beginning of period | 2,013,211 | 12,790,389 | ||
| Cash, cash equivalents and restricted cash - end of period | $2,379,284 | $4,404,449 | ||
| Cash and cash equivalents | $1,954,235 | $4,404,449 | ||
| Restricted cash - accounts receivable factoring facility | 425,049 | - | ||
| Total cash, cash equivalents, and restricted cash | $2,379,284 | $4,404,449 | ||
| Supplemental disclosure of cash flow information | ||||
| Cash paid for interest | $76,379 | $188,244 | ||
| Cash paid for income tax | $ | - | $ | - |
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Conversion of debt to common stock | $385,880 | $ | - | |
| Conversion of debt to common stock - related party | $707,200 | $ | - | |
| Debt forgiveness - related party | $292,800 | $ | - | |
| Debt discount - convertible notes payable - original issue discount | $143,333 | $ | - | |
| Debt discount - convertible notes payable - issuance of common stock | $54,828 | $ | - | |
| Debt discount - convertible notes payable - stated interest | $117,067 | $ | - | |
| Debt discount - convertible note payable - embedded conversion feature (derivative liabilities) | $176,510 | |||
| Debt discount - convertible note payable - issuance of warrants (derivative liabilities) | $294,125 | $ | - | |
| Reclassification of derivative liability to additional paid-in capital | 208,606 | - | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.