| Schedule of Operating Segments |
Segment
information for the Company’s operations for the three months ended March 31, 2025 and 2024, are as follows:
Schedule
of Operating Segments
| | |
2025 | | |
2024 | |
| | |
For the Three Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Revenues | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | 2,285,823 | | |
$ | 28,892,590 | |
| Comprehensive Platform Services | |
| 8,291,606 | | |
| 2,530,589 | |
| Other Corporate Overhead | |
| - | | |
| 5,956 | |
| Total | |
$ | 10,577,429 | | |
$ | 31,429,135 | |
| | |
| | | |
| | |
| Cost of revenues | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | 5,189,618 | | |
$ | 20,760,199 | |
| Comprehensive Platform Services | |
| 8,330,157 | | |
| 2,481,806 | |
| Other Corporate Overhead | |
| - | | |
| 4,463 | |
| Total | |
$ | 13,519,775 | | |
$ | 23,246,468 | |
| | |
| | | |
| | |
| Operating expenses | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | 596,226 | | |
$ | 34,831 | |
| Comprehensive Platform Services | |
| 906,996 | | |
| 719,364 | |
| Other Corporate Overhead | |
| 3,134,334 | | |
| 5,676,611 | |
| Total | |
$ | 4,637,556 | | |
$ | 6,430,806 | |
| | |
| | | |
| | |
| Income (loss) from operations | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | (3,500,021 | ) | |
$ | 8,097,560 | |
| Comprehensive Platform Services | |
| (945,547 | ) | |
| (670,581 | ) |
| Other Corporate Overhead | |
| (3,134,334 | ) | |
| (5,675,118 | ) |
| Total | |
$ | (7,579,902 | ) | |
$ | 1,751,861 | |
SURGEPAYS,
INC. AND SUBSIDIARIES
NOTES
TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
MARCH
31, 2025
Segment
information for the Company’s assets and liabilities at March 31, 2025 and December 31, 2024, are as follows:
| | |
March 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Total Assets | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | 5,132,592 | | |
$ | 8,472,349 | |
| Comprehensive Platform Services | |
| 4,915,593 | | |
| 4,884,817 | |
| Other Corporate overhead | |
| 5,615,854 | | |
| 10,618,839 | |
| Total | |
$ | 15,664,039 | | |
$ | 23,976,005 | |
| | |
| | | |
| | |
| Total Liabilities | |
| | | |
| | |
| Mobile Virtual Network Operators | |
$ | 1,155,359 | | |
$ | 1,505,400 | |
| Comprehensive Platform Services | |
| 338,593 | | |
| 103,612 | |
| Other Corporate overhead | |
| 6,388,648 | | |
| 7,105,380 | |
| Total | |
$ | 7,882,600 | | |
$ | 8,714,392 | |
|