SurgePays, Inc.
For the period ended Dec 31, 2024. Filed Mar 25, 2025.
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.
FY2024 · Filed Mar 25, 2025
SURG$0.16+3.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Changes in Stockholders’ Equity
For the Year Ended December 31, 2024
| Additional · Non- · Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock · Paid-in · Accumulated · Treasury Stock · Controlling · 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 - unvested shares - related parties | 1,000,000 | 1,000 | 6,751,706 | - | - | - | - | 6,752,706 | ||
| Recognition of stock-based compensation - related party | - | - | 6,196 | - | - | - | - | 6,196 | ||
| Recognition of stock-based compensation | - | - | 1,602,997 | - | - | - | - | 1,602,997 | ||
| 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 | ||
Consolidated Statements of Changes in Stockholders’ Equity (Deficit)
For the Year Ended December 31, 2023
| Additional · Non- · Total | ||||||
|---|---|---|---|---|---|---|
| Common Stock · Paid-in · Accumulated · Controlling · Stockholders’ | ||||||
| Shares | Amount | Capital | Deficit | Interest | Equity | |
| December 31, 2022 | 14,116,832 | $14,117 | $40,780,707 | $(35,804,106) | $127,535 | $5,118,253 |
| Stock issued for services | 242,615 | 243 | 1,289,781 | - | - | 1,290,024 |
| Recognition of stock based compensation - unvested shares - related parties | - | - | 529,534 | - | - | 529,534 |
| Recognition of stock based compensation - stock options | - | - | 576,625 | - | - | 576,625 |
| Recognition of stock based compensation - stock options - related party | - | - | 37,176 | - | - | 37,176 |
| Exercise of warrants for cash | 43,814 | 44 | 207,196 | - | - | 207,240 |
| Non-controlling interest | - | - | - | - | 26,709 | 26,709 |
| Net income | - | - | - | 20,617,903 | - | 20,617,903 |
| December 31, 2023 | 14,403,261 | $14,404 | $43,421,019 | $(15,186,203) | $154,244 | $28,403,464 |
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