| Schedule of Operating Segments |
Segment
information for the Company’s operations for the years ended December 31, 2025 and 2024, are as follows:
Schedule
of Operating Segments
| | |
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 | |
| Revenues | |
$ | 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 | |
| Cost of revenues | |
$ | 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 | |
| Operating expenses | |
$ | 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 | ) |
| Income (loss) from operations | |
$ | (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 assets | |
$ | 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 | |
| Total liabilities | |
$ | 23,918,665 | | |
$ | 8,714,392 | |
|