SurgePays, Inc.
For the period ended Jun 30, 2025. Filed Aug 13, 2025.
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.
Jun 30, 2025 · Filed Aug 13, 2025
SURG$0.17+2.3%Stored close · as of Nov 6, 2026
Contents
Item 1. Consolidated Balance Sheets
| June 30, 2025 | December 31, 2024 | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $4,404,449 | $11,790,389 |
| Restricted cash - held in escrow | - | 1,000,000 |
| Accounts receivable - net | 2,680,713 | 3,000,209 |
| Inventory | 2,410,817 | 1,781,365 |
| Prepaids and other | 198,403 | 298,360 |
| Total Current Assets | 9,694,382 | 17,870,323 |
| Property and equipment - net | 457,195 | 591,088 |
| Other Assets | ||
| Note receivable | 176,851 | 176,851 |
| Intangibles - net | 1,145,756 | 1,472,962 |
| Goodwill | 3,300,000 | 3,300,000 |
| Operating lease - right of use asset - net | 441,225 | 564,781 |
| Total Other Assets | 5,063,832 | 5,514,594 |
| Total Assets | $15,215,409 | $23,976,005 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $5,108,402 | $3,929,195 |
| Accounts payable and accrued expenses - related party | - | 192,845 |
| Operating lease liability | 248,069 | 248,069 |
| Note payable - related party | 1,915,331 | 1,689,367 |
| Convertible note payable - net | 1,430,267 | - |
| Total Current Liabilities | 8,702,069 | 6,059,476 |
| Long Term Liabilities | ||
| Note payable - related party | 955,905 | 1,866,288 |
| Notes payable - SBA government | 463,884 | 469,396 |
| Operating lease liability | 198,180 | 319,232 |
| Convertible note payable - net | 4,833,979 | - |
| Total Long Term Liabilities | 6,451,948 | 2,654,916 |
| Total Liabilities | 15,154,017 | 8,714,392 |
| Stockholders’ Equity | ||
| Common stock, $0.001 par value, 500,000,000 shares authorized 20,431,549 and 20,431,549 shares issued and 19,735,596 and 20,068,929 shares outstanding, at June 30, 2025 and December 31, 2024, respectively | 20,435 | 20,435 |
| Additional paid-in capital | 77,360,756 | 76,842,878 |
| Treasury stock - at cost (695,953 and 362,620 shares, respectively) | (1,631,966) | (631,967) |
| Accumulated deficit | (75,633,109) | (60,915,427) |
| Stockholders’ equity | 116,116 | 15,315,919 |
| Non-controlling interest | (54,724) | (54,306) |
| Total Stockholders’ Equity | 61,392 | 15,261,613 |
| Total Liabilities and Stockholders’ Equity | $15,215,409 | $23,976,005 |
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