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Balance Sheets Overview

Current Ratio
18.57%
Quick Ratio
17.60%
Cash Ratio
7.47%
Debt to Asset Ratio
324.60%
Unit: Dollar
Assets Breakdown
    • Less accumulated amortization
    • Long-term accounts receivable - ...
    • Cash and cash equivalents
    • Others
Liabilities Breakdown
    • Total current liabilities
    • Stockholders deficit
    • Total long term liabilities
    • Non-controlling interest
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Cash and cash equivalents
1,954,235
1,991,166
1,731,400
2,514,862
Restricted cash - line of credit reserve
-
-
281,811
224,947
Restricted cash - accounts receivable factoring facility
425,049
424,995
-
-
Accounts receivable - net
1,828,586
5,041,837
4,045,162
4,291,222
Inventory
253,858
339,570
339,570
1,917,617
Prepaids and other
396,367
410,742
581,823
278,532
Total current assets
4,858,095
8,208,310
6,979,766
9,227,180
Property and equipment - gross
1,625,817
1,625,817
1,625,817
1,625,817
Less accumulated depreciation/amortization
1,275,983
1,249,139
1,222,300
1,195,465
Property and equipment - net
349,834
376,678
403,517
430,352
Note receivable
-
-
-
176,851
Long-term accounts receivable - net
3,331,221
-
-
-
Intangibles - gross
5,753,520
5,753,520
5,753,520
5,753,520
Less accumulated amortization
5,261,121
5,097,744
4,934,367
4,770,914
Intangibles - net
492,399
655,776
819,153
982,606
Goodwill
-
-
-
3,300,000
Operating lease - right of use asset - net
206,891
260,694
313,410
377,912
Total other assets
4,030,511
916,470
1,132,563
4,837,369
Total assets
9,238,440
9,501,458
8,515,846
14,494,901
Accounts payable and accrued expenses-Nonrelated Party
10,142,634
17,514,013
10,219,011
8,335,599
Accounts payable and accrued expenses-Related Party
835,724
159,135
117,546
200,240
Operating lease liability
212,314
226,225
219,997
227,005
Note payable-SBAGovernment
17,424
-
-
-
Note payable-Nonrelated Party
2,245,324
2,483,335
1,834,008
1,822,426
Note payable-Related Party
1,730,796
1,730,796
2,730,796
1,968,468
Convertible notes payable - net
9,869,374
7,744,342
3,068,878
5,120,308
Derivative liabilities
1,107,421
184,983
-
-
Total current liabilities
26,161,011
30,042,829
18,190,236
17,674,046
Notes payable-Related Party
-
-
-
762,328
Notes payable - sba government
-
455,919
458,334
461,248
Operating lease liability
-
40,093
99,235
157,183
Notes payable - sba government
435,862
-
-
-
Convertible notes payable - net
3,390,992
2,830,585
5,170,860
1,864,576
Total long term liabilities
3,826,854
3,326,597
5,728,429
3,245,335
Total liabilities
29,987,865
33,369,426
23,918,665
20,919,381
Common stock, 0.001 par value, 500,000,000 shares authorized 27,207,618 and 21,847,927 shares issued and 26,511,665 and 21,151,974 shares outstanding, at june 30, 2026 and december 31, 2025, respectively
27,211
24,890
21,852
20,765
Additional paid-in capital
88,657,683
86,829,583
83,246,736
78,363,849
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
-107,746,831
-109,035,180
-96,984,297
-83,122,177
Stockholders deficit
-20,693,903
-23,812,673
-15,347,675
-6,369,529
Non-controlling interest
-55,522
-55,295
-55,144
-54,951
Total stockholders deficit
-20,749,425
-23,867,968
-15,402,819
-6,424,480
Total liabilities and stockholders deficit
9,238,440
9,501,458
8,515,846
14,494,901
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Intangibles - gross$5,753,520 Cash and cashequivalents$1,954,235 (-55.63%↓ Y/Y)Accounts receivable - net$1,828,586 (-31.79%↓ Y/Y)Restricted cash - accountsreceivable factoring...$425,049 Prepaids and other$396,367 (99.78%↑ Y/Y)Inventory$253,858 (-89.47%↓ Y/Y)Long-term accountsreceivable - net$3,331,221 Intangibles - net$492,399 (-57.02%↓ Y/Y)Operating lease - right ofuse asset - net$206,891 (-53.11%↓ Y/Y)Property and equipment -gross$1,625,817 (0.00%↑ Y/Y)Less accumulatedamortization$5,261,121 Total current assets$4,858,095 (-49.89%↓ Y/Y)Total other assets$4,030,511 (-20.41%↓ Y/Y)Property and equipment -net$349,834 (-23.48%↓ Y/Y)Less accumulateddepreciation/amortization$1,275,983 (9.19%↑ Y/Y)Accumulated deficit-$107,746,831 (-42.46%↓ Y/Y)Treasury stock - at cost(695,953 and 695,953...$1,631,966 (0.00%↑ Y/Y)Total assets$9,238,440 (-39.28%↓ Y/Y)Stockholders deficit-$20,693,903 (-17921.75%↓ Y/Y)Non-controlling interest-$55,522 (-1.46%↓ Y/Y)Additional paid-in capital$88,657,683 (14.60%↑ Y/Y)Common stock, 0.001 parvalue, 500,000,000...$27,211 (33.16%↑ Y/Y)Total liabilities andstockholders deficit$9,238,440 (-39.28%↓ Y/Y)Total stockholdersdeficit-$20,749,425 (-33898.26%↓ Y/Y)Total liabilities$29,987,865 (97.89%↑ Y/Y)Total currentliabilities$26,161,011 (200.63%↑ Y/Y)Total long termliabilities$3,826,854 (-40.69%↓ Y/Y)Accounts payable andaccrued...$10,142,634 (98.55%↑ Y/Y)Convertible notes payable -net$9,869,374 (590.04%↑ Y/Y)Notepayable-Nonrelated Party$2,245,324 Notepayable-Related Party$1,730,796 (-9.63%↓ Y/Y)Derivative liabilities$1,107,421 Accounts payable andaccrued...$835,724 Operating lease liability$212,314 (-14.41%↓ Y/Y)Notepayable-SBAGovernment$17,424 Convertible notes payable -net$3,390,992 (-29.85%↓ Y/Y)Notes payable - sbagovernment$435,862 (-6.04%↓ Y/Y)

SurgePays, Inc. (SURG)

SurgePays, Inc. (SURG)