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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2022

Accounting Policies [Abstract]

Scheduled of Receivables

Scheduled of Receivables 

For the Year Ended December 31, 2022:
2023		$	52,227
2024			89,532
2025			44,766
			186,525
Less: amount representing interest			(9,674	)
Total		$	176,851

Scheduled of Deconsolidated Ownership

Scheduled of Deconsolidated Ownership 

Consideration
Note receivable		$	176,851
Fair value of consideration received			176,851
Recognized amounts of identifiable assets sold and liabilities assumed by buyer:
Cash			325,316
Lifeline revenue due from USAC			74,650
Inventory			107,089
Property and equipment - net			20,645
Operating lease - right of use asset - net			10,981
Total assets sold			538,681
Accounts payable and accrued expenses			1,183,850
Line of credit			912,870
Note payable - SBA government			150,000
Operating lease liability			10,981
Total liabilities assumed by buyer			2,257,701
Total net liabilities assumed by buyer			1,719,020
Gain on deconsolidation of True Wireless			1,895,871

Schedule of Disaggregation of Revenue from Contracts with Customers

The following represents the Company’s disaggregation of revenues for the nine months ended September 30, 2022 and 2021:

Schedule of Disaggregation of Revenue from Contracts with Customers 

		Nine Months Ended September 30,
		2022								2021
Revenue		Revenue				% of Revenues				Revenue				% of Revenues
Surge Phone and Torch Wireless		$	61,462,327				72.04	%		$	1,253,035				3.40	%
Surge Blockchain, LLC			102,378				0.12	%			110,547				0.30	%
LogicsIQ, Inc.			10,689,006				12.53	%			15,449,941				41.86	%
Surge Fintech & ECS			13,064,149				15.31	%			18,933,869				51.30	%
True Wireless			-				0.00	%			1,157,981				3.14	%
Total Revenues		$	85,317,860				100	%		$	36,905,373				100	%

Schedule of Diluted Net Income (Loss) Per Share

The following potentially dilutive equity securities outstanding as of September 30, 2022 and 2021 were as follows:

 Schedule of Diluted Net Income (Loss) Per Share

		September 30, 2022				September 30, 2021
Convertible notes payable and related accrued interest (1)			-				540,206
Warrants (2)			5,648,563				473,609
Stock options (3)			6,801				3,401
Series A, convertible preferred stock (4)			26,000				26,000
Series C, convertible preferred stock (5)			-				3,607,990
Total common stock equivalents			5,681,364				4,651,206

1 - conversion prices variable

2 - exercise prices variable

3 - weighted average exercise price - $16/share and $16/share, respectively

4 - each share converts to 1/10 of a share of common stock

5 - each share converts to 250 shares of common stock

Schedule of Related Party Expenses

 Schedule of Related Party Expenses

		2022				2021				2022				2021
		For the Three Months Ended September 30,								For the Nine Months Ended September 30,
		2022				2021				2022				2021
Related party expenses
321 Communications, Inc		$	5,685,359			$	362			$	11,554,803			$	362
Axia Management, LLC			-				1,300				-				95,415
Carddawg Investments, Inc.			94,023				15,732				124,767				41,116
CenterCom USA, Inc			393,990				338,595				1,713,920				908,550
Galaxy			-				67,950				-				67,950
National Relief Telecom			741,053				-				927,364				-
Total		$	6,914,425			$	423,940			$	14,320,854			$	1,113,393
Total related party expenses		$	6,914,425			$	423,940			$	14,320,854			$	1,113,393

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