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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of Operating Segments | Segment information for the Company’s operations for the nine months ended September 30, 2024 and 2023, are as follows: Schedule of Operating Segments
|  | For the Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |
Revenues |  |  |  |  |  |  |  |
Mobile Virtual Network Operators |  | $ | 41,419,705 |  |  | $ | 89,536,546 |
Comprehensive Platform Services |  |  | 9,853,497 |  |  |  | 8,609,570 |
Lead Generation |  |  | - |  |  |  | 6,647,061 |
Other |  |  | 11,329 |  |  |  | 30,533 |
Total |  | $ | 51,284,531 |  |  | $ | 104,823,710 |
Cost of revenues |  |  |  |  |  |  |  |
Mobile Virtual Network Operators |  | $ | 44,817,610 |  |  | $ | 62,324,237 |
Comprehensive Platform Services |  |  | 9,547,340 |  |  |  | 8,523,966 |
Lead Generation |  |  | 5,175 |  |  |  | 5,774,505 |
Other |  |  | 7,175 |  |  |  | 204 |
Total |  | $ | 54,377,300 |  |  | $ | 76,622,912 |
Operating expenses |  |  |  |  |  |  |  |
Mobile Virtual Network Operators |  | $ | 320,679 |  |  | $ | 307,829 |
Comprehensive Platform Services |  |  | 2,190,461 |  |  |  | 1,204,631 |
Lead Generation |  |  | 315,235 |  |  |  | 741,757 |
Other |  |  | 8,551 |  |  |  | 3,092 |
Corporate overhead |  |  | 17,477,259 |  |  |  | 7,944,354 |
Total |  | $ | 20,312,185 |  |  | $ | 10,201,663 |
Income (loss) from operations |  |  |  |
Mobile Virtual Network Operators |  | $ | (3,718,584 | ) |  | $ | 26,904,480 |
Comprehensive Platform Services |  |  | (1,884,304 | ) |  |  | (1,119,027 | )
Lead Generation |  |  | (320,410 | ) |  |  | 130,799 |
Other |  |  | (4,397 | ) |  |  | 27,237 |
Corporate overhead |  |  | (17,477,259 | ) |  |  | (7,944,354 | )
Total |  | $ | (23,404,954 | ) |  | $ | 17,999,135 |
SURGEPAYS, INC. AND SUBSIDIARIES NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS SEPTEMBER 30, 2024 Segment information for the Company’s assets and liabilities at September 30, 2024 and December 31, 2023, are as follows:
|  | September 30, 2024 |  |  | December 31, 2023 |
Total Assets |  |  |  |  |  |  |  |
Mobile Virtual Network Operators |  | $ | 13,402,310 |  |  | $ | 32,502,760 |
Comprehensive Platform Services |  |  | 5,371,134 |  |  |  | 2,584,245 |
Lead Generation |  |  | 1,127,991 |  |  |  | 1,596,236 |
Other |  |  | 168,503 |  |  |  | 135,548 |
Corporate overhead |  |  | 21,429,555 |  |  |  | 5,106,518 |
Total |  | $ | 41,499,493 |  |  | $ | 41,925,307 |
Total Liabilities |  |  |  |  |  |  |  |
Mobile Virtual Network Operators |  | $ | 654,674 |  |  | $ | 2,426,964 |
Comprehensive Platform Services |  |  | 272,460 |  |  |  | 155,295 |
Lead Generation |  |  | 278,914 |  |  |  | 899,485 |
Other |  |  | 116,398 |  |  |  | 198,197 |
Corporate overhead |  |  | 6,901,060 |  |  |  | 9,841,902 |
Total |  | $ | 8,223,506 |  |  | $ | 13,521,843 |

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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 -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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