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Segment Information (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Schedule of Operating Segments

Segment information for the three and nine months ended September 30, 2022 and 2021, are as follows:

Schedule of Operating Segments 

		2022				2021				2022				2021
		Three Months Ended September 30, 2022								Nine Months Ended September 30, 2022
		2022				2021				2022				2021
Revenues
Surge Phone and Torch Wireless		$	27,345,641			$	1,250,804			$	61,462,327			$	1,253,035
Surge Blockchain, LLC			54,707				32,629				102,378				110,547
LogicsIQ, Inc.			4,763,990				7,453,036				10,689,006				15,449,941
Surge Fintech & ECS			4,007,007				5,801,884				13,064,149				18,933,869
True Wireless			-				-				-				1,157,981
SurgePays, Inc.			-				-				-				-
Total		$	36,171,345			$	14,538,353			$	85,317,860			$	36,905,373
Cost of revenues
Surge Phone and Torch Wireless		$	24,298,074			$	1,179,212			$	54,836,122			$	1,186,881
Surge Blockchain, LLC			957				(588	)			2,457				1,377
LogicsIQ, Inc.			5,693,500				5,851,931				10,457,462				12,628,769
Surge Fintech & ECS			4,258,010				5,604,316				13,276,380				18,421,530
True Wireless			-				-				-				306,062
SurgePays, Inc.			-				-				-				-
Total		$	34,250,541			$	12,634,871			$	78,572,421			$	32,544,619
Operating expenses
Surge Phone and Torch Wireless		$	84,775			$	11,496			$	215,664			$	35,409
Surge Blockchain, LLC			300				(918	)			53,271				11,725
LogicsIQ, Inc.			446,292				646,128				1,454,111				1,604,261
Surge Fintech & ECS			370,599				288,966				1,013,518				1,062,315
True Wireless			-				61,458				-				615,013
SurgePays, Inc.			2,031,238				1,902,824				6,918,965				6,933,756
Total		$	2,933,204			$	2,909,954			$	9,655,529			$	10,262,479
Income (loss) from operations
Surge Phone and Torch Wireless		$	2,962,792			$	60,096			$	6,410,541			$	30,745
Surge Blockchain, LLC			53,450				34,135				46,650				97,445
LogicsIQ, Inc.			(1,375,802	)			954,977				(1,222,567	)			1,216,911
Surge Fintech & ECS			(621,602	)			(91,398	)			(1,225,749	)			(549,976	)
True Wireless			-				(61,458	)			-				236,906
SurgePays, Inc.			(2,031,238	)			(1,902,824	)			(6,918,965	)			(6,933,756	)
Total		$	(1,012,400	)		$	(1,006,472	)		$	(2,910,090	)		$	(5,901,725	)

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2022

(UNAUDITED)

Segment information for the Company’s assets and liabilities at September 30, 2022 and December 31, 2021, are as follows:

		September 30, 2022				December 31, 2021
Total Assets
Surge Phone and Torch Wireless		$	17,772,528			$	(161,110	)
Surge Blockchain, LLC			(560,954	)			(608,188	)
LogicsIQ, Inc.			2,392,232				1,284,562
Surge Fintech & ECS			2,656,342				3,870,409
True Wireless			-				-
SurgePays, Inc.			11,100,715				15,114,529
Total		$	33,360,863			$	19,500,202
Total Liabilities
Surge Phone and Torch Wireless		$	11,527,879			$	5,773
Surge Blockchain, LLC			198,197				197,614
LogicsIQ, Inc.			4,392,510				2,056,886
Surge Fintech & ECS			60,029				48,346
True Wireless			-				-
SurgePays, Inc.			16,718,162				13,640,262
Total		$	32,896,777			$	15,948,881

X

- 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
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-Name Accounting Standards Codification
-Topic 280
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 50
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-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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