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Segment Information | 9 Months Ended
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Sep. 30, 2021
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 performance of its operating segments based on revenue and operating loss. Segment information for the three and nine months ended September 30, 2021 and 2020, are as follows: Schedule of Operating Segments
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | 1,283,433 |  |  | $ | 125,762 |  |  | $ | 1,364,351 |  |  | $ | 671,931 |
LogicsIQ |  |  | 7,453,036 |  |  |  | 3,718,593 |  |  |  | 15,350,491 |  |  |  | 13,626,638 |
TW |  |  | - |  |  |  | 680,205 |  |  |  | 1,157,981 |  |  |  | 1,725,053 |
ECS |  |  | 5,801,884 |  |  |  | 8,277,612 |  |  |  | 19,032,550 |  |  |  | 27,081,145 |
Total |  | $ | 14,538,353 |  |  | $ | 12,802,172 |  |  | $ | 36,905,373 |  |  | $ | 43,104,767 |
Cost of revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | 1,202,699 |  |  | $ | 142,469 |  |  | $ | 1,212,334 |  |  | $ | 817,454 |
LogicsIQ |  |  | 5,827,856 |  |  |  | 2,775,889 |  |  |  | 12,628,669 |  |  |  | 10,419,011 |
TW |  |  | - |  |  |  | 270,613 |  |  |  | 306,062 |  |  |  | 1,750,454 |
ECS |  |  | 5,604,316 |  |  |  | 8,027,215 |  |  |  | 18,397,554 |  |  |  | 26,435,857 |
Total |  | $ | 12,634,871 |  |  | $ | 11,216,186 |  |  | $ | 32,544,619 |  |  | $ | 39,422,776 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | 1,282,709 |  |  | $ | 2,058,761 |  |  | $ | 4,973,867 |  |  | $ | 7,175,767 |
LogicsIQ |  |  | 646,511 |  |  |  | 820,019 |  |  |  | 1,604,073 |  |  |  | 3,018,200 |
TW |  |  | 61,458 |  |  |  | (16,940 | ) |  |  | 615,013 |  |  |  | 708,080 |
ECS |  |  | 288,696 |  |  |  | 349,070 |  |  |  | 1,061,490 |  |  |  | 1,112,569 |
Total |  | $ | 2,279,374 |  |  | $ | 3,210,910 |  |  | $ | 8,254,443 |  |  | $ | 12,014,616 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | (1,201,975 | ) |  | $ | (2,075,469 | ) |  | $ | (4,821,850 | ) |  | $ | (7,321,290 | )
LogicsIQ |  |  | 978,669 |  |  |  | 122,685 |  |  |  | 1,117,749 |  |  |  | 189,427 |
TW |  |  | (61,458 | ) |  |  | 426,532 |  |  |  | 236,906 |  |  |  | (733,481 | )
ECS |  |  | (91,128 | ) |  |  | (98,672 | ) |  |  | (426,494 | ) |  |  | (467,281 | )
Total |  | $ | (375,892 | ) |  | $ | (1,624,924 | ) |  | $ | (3,893,689 | ) |  | $ | (8,332,625 | )
SURGEPAYS, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2021
|  | September 30, 2021 |  |  | December 31, 2020 |
Total Assets |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | 2,763,299 |  |  | $ | 911,316 |
LogicsIQ |  |  | 1,779,572 |  |  |  | 1,079,806 |
TW |  |  | - |  |  |  | 515,592 |
ECS |  |  | 4,088,088 |  |  |  | 4,818,357 |
Total |  | $ | 8,630,959 |  |  | $ | 7,325,071 |
Total Liabilities |  |  |  |  |  |  |  |
Surge Blockchain & Other |  | $ | 17,122,811 |  |  | $ | 10,922,205 |
LogicsIQ |  |  | 2,036,130 |  |  |  | 2,440,888 |
TW |  |  | - |  |  |  | 4,301,249 |
ECS |  |  | 17,923 |  |  |  | 386,695 |
Total |  | $ | 19,176,864 |  |  | $ | 18,051,037 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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