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Segment Information (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Schedule of Operating Segments

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

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

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