SurgePays, Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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FY2024 · Filed Mar 25, 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 Balance Sheets
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $11,790,389 | $14,622,060 |
| Restricted cash - held in escrow | 1,000,000 | - |
| Accounts receivable - net | 3,000,209 | 9,536,074 |
| Inventory | 1,781,365 | 9,046,594 |
| Prepaids and other | 298,360 | 161,933 |
| Total Current Assets | 17,870,323 | 33,366,661 |
| Property and equipment - net | 591,088 | 361,841 |
| Other Assets | ||
| Note receivable | 176,851 | 176,851 |
| Intangibles - net | 1,472,962 | 2,126,470 |
| Internal use software development costs - net | - | 539,424 |
| Goodwill | 3,300,000 | 1,666,782 |
| Investment in CenterCom | - | 464,409 |
| Operating lease - right of use asset - net | 564,781 | 387,869 |
| Deferred income taxes - net | - | 2,835,000 |
| Total Other Assets | 5,514,594 | 8,196,805 |
| Total Assets | $23,976,005 | $41,925,307 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $3,929,195 | $6,439,120 |
| Accounts payable and accrued expenses - related party | 192,845 | 1,048,224 |
| Accrued income taxes payable | - | 570,000 |
| Deferred revenue | - | 20,000 |
| Operating lease liability | 248,069 | 43,137 |
| Note payable - related party | 1,689,367 | 4,584,563 |
| Total Current Liabilities | 6,059,476 | 12,705,044 |
| Long Term Liabilities | ||
| Note payable - related party | 1,866,288 | - |
| Notes payable - SBA government | 469,396 | 460,523 |
| Operating lease liability | 319,232 | 356,276 |
| Total Long Term Liabilities | 2,654,916 | 816,799 |
| Total Liabilities | 8,714,392 | 13,521,843 |
| Stockholders’ Equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized 20,431,549 shares issued and 20,068,929 shares outstanding, respectively, at December 31, 2024 14,403,261 shares issued and outstanding at December 31, 2023 | 20,435 | 14,404 |
| Additional paid-in capital | 76,842,878 | 43,421,019 |
| Treasury stock - at cost (362,620 and 0 shares, respectively) | (631,967) | - |
| Accumulated deficit | (60,915,427) | (15,186,203) |
| Stockholders’ equity | 15,315,919 | 28,249,220 |
| Non-controlling interest | (54,306) | 154,244 |
| Total Stockholders’ Equity | 15,261,613 | 28,403,464 |
| Total Liabilities and Stockholders’ Equity | $23,976,005 | $41,925,307 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.