For the quarter ending 2026-03-31, SURG has $9,501,458 in assets. $33,369,426 in debts. $1,991,166 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,991,166 | 1,731,400 | 2,514,862 | 4,404,449 |
| Restricted cash - line of credit reserve | 424,995 | 281,811 | 224,947 | - |
| Accounts receivable - net | 5,041,837 | 4,045,162 | 4,291,222 | 2,680,713 |
| Inventory | 339,570 | 339,570 | 1,917,617 | 2,410,817 |
| Restricted cash - held in escrow | - | - | - | 0 |
| Prepaids and other | 410,742 | 581,823 | 278,532 | 198,403 |
| Total current assets | 8,208,310 | 6,979,766 | 9,227,180 | 9,694,382 |
| Property and equipment - gross | 1,625,817 | 1,625,817 | 1,625,817 | - |
| Less accumulated depreciation/amortization | 1,249,139 | 1,222,300 | 1,195,465 | - |
| Property and equipment - net | 376,678 | 403,517 | 430,352 | 457,195 |
| Note receivable | - | - | 176,851 | 176,851 |
| Intangibles - gross | 5,753,520 | 5,753,520 | 5,753,520 | - |
| Less accumulated amortization | 5,097,744 | 4,934,367 | 4,770,914 | - |
| Intangibles - net | 655,776 | 819,153 | 982,606 | 1,145,756 |
| Goodwill | - | - | 3,300,000 | 3,300,000 |
| Operating lease - right of use asset - net | 260,694 | 313,410 | 377,912 | 441,225 |
| Total other assets | 916,470 | 1,132,563 | 4,837,369 | 5,063,832 |
| Total assets | 9,501,458 | 8,515,846 | 14,494,901 | 15,215,409 |
| Accounts payable and accrued expenses-Nonrelated Party | 17,514,013 | 10,219,011 | 8,335,599 | 5,108,402 |
| Accounts payable and accrued expenses-Related Party | 159,135 | 117,546 | 200,240 | 0 |
| Operating lease liability | 226,225 | 219,997 | 227,005 | 248,069 |
| Note payable-Nonrelated Party | 2,483,335 | 1,834,008 | 1,822,426 | - |
| Note payable-Related Party | 1,730,796 | 2,730,796 | 1,968,468 | 1,915,331 |
| Convertible notes payable - net | 7,744,342 | 3,068,878 | 5,120,308 | 1,430,267 |
| Derivative liabilities | 184,983 | - | - | - |
| Total current liabilities | 30,042,829 | 18,190,236 | 17,674,046 | 8,702,069 |
| Notes payable-Related Party | - | - | 762,328 | 955,905 |
| Notes payable - sba government | 455,919 | 458,334 | 461,248 | - |
| Operating lease liability | 40,093 | 99,235 | 157,183 | 198,180 |
| Convertible notes payable - net | 2,830,585 | 5,170,860 | 1,864,576 | 4,833,979 |
| Notes payable-SBAGovernment | - | - | - | 463,884 |
| Total long term liabilities | 3,326,597 | 5,728,429 | 3,245,335 | 6,451,948 |
| Total liabilities | 33,369,426 | 23,918,665 | 20,919,381 | 15,154,017 |
| Common stock, 0.001 par value, 500,000,000 shares authorized 24,886,775 and 21,847,927 shares issued and 24,190,822 and 21,151,974 shares outstanding, at march 31, 2026 and december 31, 2025, respectively | 24,890 | 21,852 | 20,765 | 20,435 |
| Additional paid-in capital | 86,829,583 | 83,246,736 | 78,363,849 | 77,360,756 |
| Treasury stock - at cost (695,953 and 695,953 shares, respectively) | 1,631,966 | 1,631,966 | 1,631,966 | 1,631,966 |
| Accumulated deficit | -109,035,180 | -96,984,297 | -83,122,177 | -75,633,109 |
| Stockholders equity (deficit) | -23,812,673 | -15,347,675 | -6,369,529 | 116,116 |
| Non-controlling interest | -55,295 | -55,144 | -54,951 | -54,724 |
| Total stockholders deficit | -23,867,968 | -15,402,819 | -6,424,480 | 61,392 |
| Total liabilities and stockholders deficit | 9,501,458 | 8,515,846 | 14,494,901 | 15,215,409 |
SurgePays, Inc. (SURG)
SurgePays, Inc. (SURG)