v3.26.1
Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 10 – Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision–making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is its Chief Executive Officer.

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

 

The Company evaluated the performance of its operating segments based on revenue and operating loss. All data below is prior to intercompany eliminations.

 

Segment information for the Company’s operations for the years ended December 31, 2025 and 2024, are as follows:

 

   2025   2024 
   For the Years Ended December 31, 
   2025   2024 
         
Revenues          
Mobile Virtual Network Operators  $13,453,149   $43,450,244 
Point-of-Sale and Prepaid Services   43,509,771    17,419,088 
Other Corporate Overhead   -    11,841 
Total  $56,962,920   $60,881,173 
           
Cost of revenues          
Mobile Virtual Network Operators  $22,242,341   $58,410,842 
Point-of-Sale and Prepaid Services   45,209,470    16,779,312 
Other Corporate Overhead   100,000    15,218 
Total  $67,551,811   $75,205,372 
           
Operating expenses          
Mobile Virtual Network Operators  $1,284,002   $1,204,818 
Point-of-Sale and Prepaid Services   3,412,642    3,132,457 
Other Corporate Overhead   15,374,477    23,120,877 
Total  $20,071,121   $27,458,152 
           
Income (loss) from operations          
Mobile Virtual Network Operators  $(10,073,194)  $(16,165,416)
Point-of-Sale and Prepaid Services   (5,112,341)   (2,492,681)
Other Corporate Overhead   (18,851,328)   (24,805,903)
Total  $(34,136,863)  $(43,464,000)

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2025 AND 2024

 

Segment information for the Company’s assets and liabilities at December 31, 2025 and 2024, are as follows:

 

   December 31, 2025   December 31, 2024 
         
Total Assets          
Mobile Virtual Network Operators  $4,524,425   $8,472,349 
Point-of-Sale and Prepaid Services   2,231,645    4,884,817 
Other Corporate Overhead   1,759,776    10,618,839 
Total  $8,515,846   $23,976,005 
           
Total Liabilities          
Mobile Virtual Network Operators  $2,632,025   $1,505,400 
Point-of-Sale and Prepaid Services   2,768,490    103,612 
Other Corporate Overhead   18,518,150    7,105,380 
Total  $23,918,665   $8,714,392 

 

All intercompany accounts are separately presented above as both a component of the assets and liabilities. These amounts net to $0 in the Company’s consolidated balance sheets.