v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 1,731,400 $ 11,790,389
Restricted cash - line of credit reserve 281,811
Restricted cash - held in escrow 1,000,000
Accounts receivable - net 4,045,162 3,000,209
Inventory 339,570 1,781,365
Prepaids and other 581,823 298,360
Total Current Assets 6,979,766 17,870,323
Property and equipment - net 403,517 591,088
Other Assets    
Note receivable 176,851
Intangibles - net 819,153 1,472,962
Goodwill 3,300,000
Operating lease - right of use asset - net 313,410 564,781
Total Other Assets 1,132,563 5,514,594
Total Assets 8,515,846 23,976,005
Current Liabilities    
Operating lease liability 219,997 248,069
Convertible notes payable - net 3,068,878
Total Current Liabilities 18,190,236 6,059,476
Long Term Liabilities    
Notes payable
Operating lease liability 99,235 319,232
Convertible notes payable - net 5,170,860
Total Long Term Liabilities 5,728,429 2,654,916
Total Liabilities 23,918,665 8,714,392
Stockholders’ Equity (Deficit)    
Common stock, $0.001 par value, 500,000,000 shares authorized 21,847,927 and 20,431,549 shares issued and 21,151,974 and 20,068,929 shares outstanding, at December 31, 2025 and December 31, 2024, respectively 21,852 20,435
Additional paid-in capital 83,246,736 76,842,878
Treasury stock - at cost (695,953 and 362,620 shares, respectively) (1,631,966) (631,967)
Accumulated deficit (96,984,297) (60,915,427)
Stockholders’ equity (deficit) (15,347,675) 15,315,919
Non-controlling interest (55,144) (54,306)
Total SurgePays Inc. Stockholders’ Equity (Deficit) (15,402,819) 15,261,613
Total Liabilities and Stockholders’ Equity (Deficit) 8,515,846 23,976,005
Nonrelated Party [Member]    
Current Liabilities    
Accounts payable and accrued expenses 10,219,011 3,929,195
Note payable 1,834,008
Long Term Liabilities    
Notes payable 458,334 469,396
Related Party [Member]    
Current Liabilities    
Accounts payable and accrued expenses 117,546 192,845
Note payable 2,730,796 1,689,367
Long Term Liabilities    
Notes payable $ 1,866,288