v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
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.

 

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 three months ended March 31, 2026 and 2025, are as follows:

 

   2026   2025 
   For the Three Months Ended March 31, 
   2026   2025 
         
Revenues          
Mobile Virtual Network Operators  $1,803,512   $2,285,823 
Point-of-Sale and Prepaid Services   14,180,471    8,291,606 
Other Corporate Overhead   -    - 
Total  $15,983,983   $10,577,429 
           
Cost of revenues          
Mobile Virtual Network Operators  $1,017,528   $5,189,618 
Point-of-Sale and Prepaid Services   22,629,899    8,330,157 
Other Corporate Overhead   34,005    - 
Total  $23,681,432   $13,519,775 
           
Operating expenses          
Mobile Virtual Network Operators  $71,620   $596,226 
Point-of-Sale and Prepaid Services   699,552    906,996 
Other Corporate Overhead   2,730,746    3,134,334 
Total  $3,501,918   $4,637,556 
           
Income (loss) from operations          
Mobile Virtual Network Operators  $714,364   $(3,500,021)
Point-of-Sale and Prepaid Services   (9,148,980)   (945,547)
Other Corporate Overhead   (2,764,751)   (3,134,334)
Total  $(11,199,367)  $(7,579,902)

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2026 AND 2025

 

Segment information for the Company’s assets and liabilities at March 31, 2026 and December 31, 2025, are as follows:

 

   March 31, 2026   December 31, 2025 
         
Total Assets          
Mobile Virtual Network Operators  $5,088,425   $4,524,425 
Point-of-Sale and Prepaid Services   2,470,659    2,231,645 
Other Corporate Overhead   1,942,374    1,759,776 
Total  $9,501,458   $8,515,846 
           
Total Liabilities          
Mobile Virtual Network Operators  $1,760,758   $2,632,025 
Point-of-Sale and Prepaid Services   10,683,586    2,768,490 
Other Corporate Overhead   20,925,082    18,518,150 
Total  $33,369,426   $23,918,665 

 

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.