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 Statements of Operations
| For the Years Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenues | $60,881,173 | $137,141,832 |
| Costs and expenses | ||
| Cost of revenues | 75,205,372 | 101,499,341 |
| General and administrative expenses | 27,458,152 | 16,777,107 |
| Total costs and expenses | 102,663,524 | 118,276,448 |
| Income (loss) from operations | (41,782,351) | 18,865,384 |
| Other income (expense) | ||
| Interest expense | (554,200) | (595,975) |
| Loss on lease termination - net | (194,863) | - |
| Other income | 636,868 | - |
| Interest income | 105,395 | - |
| Realized gains - investments | 13,613 | - |
| Dividends, interest, and other income - investments | 355,549 | - |
| Gain on investment in CenterCom | 33,864 | 110,203 |
| Impairment loss - CenterCom | (498,273) | - |
| Impairment loss - internal use software development costs | (316,594) | - |
| Impairment loss - goodwill | (866,782) | - |
| Total other income (expense) - net | (1,285,423) | (485,772) |
| Net income (loss) before provision for income taxes | (43,067,774) | 18,379,612 |
| Provision for income tax benefit (expense) | (2,870,000) | 2,265,000 |
| Net income (loss) including non-controlling interest | (45,937,774) | 20,644,612 |
| Non-controlling interest | (208,550) | 26,709 |
| Net income (loss) available to common stockholders | $(45,729,224) | $20,617,903 |
| Earnings per share - attributable to common stockholders | ||
| Basic | $(2.39) | $1.45 |
| Diluted | $(2.39) | $1.38 |
| Weighted average number of shares outstanding - attributable to common stockholders | ||
| Basic | 19,119,181 | 14,258,172 |
| Diluted | 19,119,181 | 14,922,881 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.