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Segment Information
 12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Segment Information
18 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 performance of its operating segments based on revenue and operating loss. Segment information for the years ended December 31, 2020 and 2019, are as follows:

 

    Surge Blockchain & Other    

Surge

Logics

     TW     ECS     Total  
Year ended December 31, 2020                                        
Revenue   $ 741,863     $ 16,430,057     $ 2,372,977     $ 34,861,891     $ 54,406,788  
Cost of revenue (exclusive of depreciation and amortization)     (849,225 )     (14,213,769 )     (3,003,099 )     (33,872,018 )     (51,938,111 )
Gross margin     (107,362 )     2,216,288       (630,122 )     989,873       2,468,677  
Costs and expenses     (8,066,653 )     (2,147,406 )     (937,196 )     (1,463,090 )     (12,614,345 )
Operating profit (loss)   $ (8,174,015 )   $ 68,882     $ (1,567,318 )   $ (473,217 )   $ (10,145,668 )
                                         
Year ended December 31, 2019                                        
Revenue   $ 4,295,434     $ 7,234,366     $ 3,446,003     $ 10,767,138     $ 25,742,941  
Cost of revenue (exclusive of depreciation and amortization)     (1,665,839 )     (4,721,923 )     (5,845,663 )     (10,390,096 )     (22,623,521 )
Gross margin     2,629,595       2,512,443       (2,399,660 )     377,042       3,119,420  
Costs and expenses     (6,340,282 )     (2,388,181 )     (1,749,975 )     (409,010 )     (10,887,448 )
Operating loss   $ (3,710,687 )   $ 124,262     $ (4,149,635 )   $ (31,968 )   $ (7,768,028 )
                                         
December 31, 2020                                        
Total assets   $ 1,729,041     $ 199,366     $ (353,476 )   $ 4,883,357     $ 7,325,071  
Total liabilities     10,912,205       2,450,888       4,301,249       386,695       18,051,037  
                                         
December 31, 2019                                        
Total assets   $ 4,782,722     $ 249,196     $ (33,718 )   $ 4,988,173     $ 9,986,373  
Total liabilities     10,115,799       734,875       3,815,175       20,139       14,685,988