For the quarter ending 2025-09-30, SURG has $14,494,901 in assets. $20,919,381 in debts. $2,514,862 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 2,514,862 | 4,404,449 | ||
| Restricted cash - line of credit reserve | 224,947 | - | ||
| Accounts receivable - net | 4,291,222 | 2,680,713 | ||
| Inventory | 1,917,617 | 2,410,817 | ||
| Restricted cash - held in escrow | - | 0 | ||
| Prepaids and other | 278,532 | 198,403 | ||
| Total current assets | 9,227,180 | 9,694,382 | ||
| Property and equipment - gross | 1,625,817 | - | ||
| Less accumulated depreciation/amortization | 1,195,465 | - | ||
| Property and equipment - net | 430,352 | 457,195 | ||
| Note receivable | 176,851 | 176,851 | ||
| Intangibles - gross | 5,753,520 | - | ||
| Less accumulated amortization | 4,770,914 | - | ||
| Intangibles - net | 982,606 | 1,145,756 | ||
| Goodwill | 3,300,000 | 3,300,000 | ||
| Operating lease - right of use asset - net | 377,912 | 441,225 | ||
| Total other assets | 4,837,369 | 5,063,832 | ||
| Total assets | 14,494,901 | 15,215,409 | ||
| Accounts payable and accrued expenses-Nonrelated Party | 8,335,599 | 5,108,402 | ||
| Accounts payable and accrued expenses-Related Party | 200,240 | 0 | ||
| Operating lease liability | 227,005 | 248,069 | ||
| Note payable-Nonrelated Party | 1,822,426 | - | ||
| Note payable-Related Party | 1,968,468 | 1,915,331 | ||
| Convertible notes payable - net | 5,120,308 | 1,430,267 | ||
| Total current liabilities | 17,674,046 | 8,702,069 | ||
| Notes payable-Related Party | 762,328 | 955,905 | ||
| Notes payable-Nonrelated Party | 461,248 | - | ||
| Operating lease liability | 157,183 | 198,180 | ||
| Convertible notes payable - net | 1,864,576 | 4,833,979 | ||
| Notes payable-SBAGovernment | - | 463,884 | ||
| Total long term liabilities | 3,245,335 | 6,451,948 | ||
| Total liabilities | 20,919,381 | 15,154,017 | ||
| Common stock, 0.001 par value, 500,000,000 shares authorized 20,761,231 and 20,431,549 shares issued and 20,065,278 and 20,068,929 shares outstanding, at september 30, 2025 and december 31, 2024, respectively | 20,765 | 20,435 | ||
| Additional paid-in capital | 78,363,849 | 77,360,756 | ||
| Treasury stock - at cost (695,953 and 362,620 shares, respectively) | 1,631,966 | 1,631,966 | ||
| Accumulated deficit | -83,122,177 | -75,633,109 | ||
| Stockholders equity (deficit) | -6,369,529 | 116,116 | ||
| Non-controlling interest | -54,951 | -54,724 | ||
| Total stockholders equity (deficit) | -6,424,480 | 61,392 | ||
| Total liabilities and stockholders equity (deficit) | 14,494,901 | 15,215,409 | ||
SurgePays, Inc. (SURG)
SurgePays, Inc. (SURG)