For the quarter ending 2025-09-30, SURG had -$1,889,587 decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Advances made for construction-in-process costs | 0 | - |
| Purchase of investments - net | 0 | - |
| Purchase of leasehold improvements | 0 | 18,590 |
| Net cash used in investing activities | 0 | -18,590 |
| Proceeds from exercise of common stock warrants | 0 | 0 |
| Treasury shares repurchased (share buy-backs) | 0 | - |
| Proceeds from stock issued for cash | 649,383 | 0 |
| Cash paid as direct offering costs - common stock | 58,880 | 0 |
| Proceeds from issuance of notes payable | 2,274,698 | - |
| Proceeds from issuance of convertible notes payable | 700,000 | 6,000,000 |
| Cash paid as direct offering costs - convertibles note payable | 7,500 | 595,000 |
| Repayments of loans - related party | 140,440 | 684,419 |
| Repayments on notes payable | 657,826 | - |
| Repayments on notes payable - sba government | 2,636 | 5,512 |
| Net cash provided by financing activities | 2,756,799 | 4,715,069 |
| Amortization of internal use software development costs | 0 | 0 |
| Recognition of share based compensation - options - related party | 0 | 0 |
| Interest expense adjustment - sba loans | 0 | 0 |
| Accounts payable and accrued expenses | - | 1,179,207 |
| Right-of-use asset lease payment adjustment true up | 0 | 0 |
| Gain on equity method investment - centercom | 0 | 0 |
| Cash paid for lease termination | 0 | - |
| Loss on lease termination | 0 | - |
| Deferred income taxes - net | 0 | 0 |
| Accrued income taxes payable | 0 | 0 |
| Deferred revenue | 0 | 0 |
| Net loss including non-controlling interest | -7,489,295 | -14,718,100 |
| Depreciation and amortization | 189,993 | 479,689 |
| Amortization of debt discount | 114,492 | 66,887 |
| Stock issued for services | 25,830 | 0 |
| Recognition of stock based compensation - unvested shares - related parties | 215,887 | 310,238 |
| Accounts receivable | 1,610,509 | -319,496 |
| Inventory | -493,200 | 629,452 |
| Prepaids and other | 80,129 | -99,957 |
| Accounts payable and accrued expenses-Nonrelated Party | 4,471,860 | - |
| Accounts payable and accrued expenses-Related Party | 7,395 | - |
| Operating lease liability | -62,061 | -121,052 |
| Accounts payable and accrued expenses - related party | - | -192,845 |
| Amortization of right-of-use assets | 63,313 | 123,556 |
| Net cash used in operating activities | -4,646,386 | -13,082,419 |
| Net decrease in cash, cash equivalents and restricted cash | -1,889,587 | -8,385,940 |
| Cash and cash equivalents at beginning of period | 12,790,389 | - |
| Cash and cash equivalents at end of period | 2,514,862 | - |
SurgePays, Inc. (SURG)
SurgePays, Inc. (SURG)