SurgePays, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $1.7M | $11.8M | $14.6M | $7.0M | $6.3M | $674.0K | $346.0K | $444.6K |
| Accounts Receivable | $4.0M | $3.0M | $9.5M | $9.2M | $3.2M | $180.5K | $3.1M | $206.7K |
| Inventory | $339.6K | $1.8M | $9.0M | $11.2M | $4.4M | $178.3K | — | — |
| Total Current Assets | $7.0M | $17.9M | $33.4M | $27.6M | $13.9M | $1.3M | $3.6M | $3.1M |
| Property, Plant & Equipment | $403.5K | $591.1K | $361.8K | $643.4K | $200.4K | $236.8K | $294.6K | $31.0K |
| Goodwill | — | $3.3M | $1.7M | $1.7M | $866.8K | $866.8K | $866.8K | $866.8K |
| Intangible Assets (Excl. Goodwill) | $819.2K | $1.5M | $2.1M | $2.8M | $3.4M | $4.1M | $4.8M | $65.3K |
| Total Assets | $8.5M | $24.0M | $41.9M | $34.0M | $19.5M | $7.3M | $10.0M | $4.1M |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | $5.8M | $6.6M | $6.8M | $3.6M | $3.1M |
| Total Current Liabilities | $18.2M | $6.1M | $12.7M | $23.5M | $10.0M | $15.7M | $7.1M | $4.8M |
| Long-Term Debt | $13.3M | $4.0M | $5.0M | $7.7M | — | $1.1M | $2.2M | $680.0K |
| Total Liabilities | $23.9M | $8.7M | $13.5M | $28.9M | $15.9M | $18.1M | $14.7M | $6.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-97.0M | $-60.9M | $-15.2M | $-35.8M | $-35.1M | $-21.6M | $-10.9M | $-2.4M |
| Total Stockholders' Equity | $-15.3M | $15.3M | $28.2M | $5.0M | $3.6M | $-10.7M | $-4.7M | $-2.0M |