v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 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 chief operating decision maker is the Chief Executive Officer, who evaluates the performance of the operating segments and allocates resources among them using segment revenue and segment income (loss) from operations. Segment income (loss) from operations is the measure of segment profit or loss presented below and is the measure most consistent with the amounts reported in the consolidated financial statements. The amounts presented reconcile to the corresponding consolidated amounts.

 

The significant segment expenses regularly provided to the chief operating decision maker and included in segment income (loss) from operations are cost of revenues and operating expenses, each of which is presented separately below for each reportable segment.

 

Segment information for the Company’s operations for the three and six months ended June 30, 2026 and 2025, are as follows:

 

             
   For the Three Months Ended June 30,   For the Six Months Ended June 30, 
   2026   2025   2026   2025 
                 
Revenues                    
Mobile Virtual Network Operators  $1,587,245   $2,273,706   $3,390,758   $4,559,530 
Point-of-Sale and Prepaid Services   14,617,576    9,244,460    28,798,046    17,536,066 
Other Corporate Overhead   -    -    -    - 
Total  $16,204,821   $11,518,166   $32,188,804   $22,095,596 
                     
Cost of revenues                    
Mobile Virtual Network Operators  $2,300,917   $4,383,538   $3,318,445   $9,573,155 
Point-of-Sale and Prepaid Services   14,229,075    9,789,295    36,859,083    18,118,971 
Other Corporate Overhead   100,000    -    134,005    481 
Total  $16,629,992   $14,172,833   $40,311,533   $27,692,607 
                     
Operating expenses                    
Mobile Virtual Network Operators  $139,104   $285,526   $210,724   $881,752 
Point-of-Sale and Prepaid Services   (7,978,857)   658,727    (7,276,805)   1,565,723 
Other Corporate Overhead   3,962,135    3,211,589    6,691,475    6,345,926 
Total  $(3,877,618)  $4,155,842   $(374,606)  $8,793,401 
                     
Income (loss) from operations                    
Mobile Virtual Network Operators  $(852,776)  $(2,395,358)  $(138,411)  $(5,895,377)
Point-of-Sale and Prepaid Services   8,367,358    (1,203,562)   (784,232)   (2,148,628)
Other Corporate Overhead   (4,062,135)   (3,211,589)   (6,825,480)   (6,346,407)
Total  $3,452,447   $(6,810,509)  $(7,748,123)  $(14,390,412)

  

Segment information for the Company’s assets and liabilities at June 30, 2026 and December 31, 2025, are as follows:

 

   June 30, 2026   December 31, 2025 
         
Total Assets          
Mobile Virtual Network Operators  $4,582,848   $4,524,425 
Point-of-Sale and Prepaid Services   2,819,980    2,231,645 
Other Corporate Overhead   1,835,612    1,759,776 
Total  $9,238,440   $8,515,846 
           
Total Liabilities          
Mobile Virtual Network Operators  $2,181,678   $2,632,025 
Point-of-Sale and Prepaid Services   2,885,638    2,768,490 
Other Corporate Overhead   24,920,549    18,518,150 
Total  $29,987,865   $23,918,665 

 

 

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2026 AND 2025