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Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Operating Segments

Segment information for the Company’s operations for the years ended December 31, 2024 and 2023, is as follows:

 Schedule of Operating Segments

		2024				2023
		For the Years Ended December 31,
		2024				2023
Revenues
Mobile Virtual Network Operators		$	43,450,244			$	118,577,920
Comprehensive Platform Services			17,419,088				11,341,183
Other Corporate Overhead			11,841				7,222,729
Total		$	60,881,173			$	137,141,832
Cost of revenues
Mobile Virtual Network Operators		$	58,410,842			$	83,918,968
Comprehensive Platform Services			16,779,312				11,281,722
Other Corporate Overhead			15,218				6,298,651
Total		$	75,205,372			$	101,499,341
Operating expenses
Mobile Virtual Network Operators		$	1,204,818			$	427,493
Comprehensive Platform Services			3,132,457				1,799,469
Other Corporate Overhead			23,120,877				14,550,145
Total		$	27,458,152			$	16,777,107
Income (loss) from operations
Mobile Virtual Network Operators		$	(16,165,416	)		$	34,231,459
Comprehensive Platform Services			(2,492,681	)			(1,740,008	)
Other Corporate Overhead			(23,124,254	)			(13,626,067	)
Total		$	(41,782,351	)		$	18,865,384

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024 AND 2023

Segment information for the Company’s assets and liabilities at December 31, 2024 and December 31, 2023, are as follows:

		December 31, 2024				December 31, 2023
Total Assets
Mobile Virtual Network Operators		$	8,472,349			$	32,502,760
Comprehensive Platform Services			4,884,817				2,584,245
Other Corporate Overhead			10,618,839				6,838,302
Total		$	23,976,005			$	41,925,307
Total Liabilities
Mobile Virtual Network Operators		$	1,505,400			$	2,426,964
Comprehensive Platform Services			103,612				155,295
Other Corporate Overhead			7,105,380				10,040,099
Total		$	8,714,392			$	13,521,843

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
-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

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- References

No definition available.

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