Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Segment information for the Company’s operations for the three months ended March 31, 2026 and 2025, are as follows:

Schedule of Operating Segments

	2026			2025
	For the Three Months Ended March 31,
	2026			2025

Revenues
Mobile Virtual Network Operators	$	1,803,512		$	2,285,823
Point-of-Sale and Prepaid Services		14,180,471			8,291,606
Other Corporate Overhead		-			-
Total	$	15,983,983		$	10,577,429
Revenues	$	15,983,983		$	10,577,429

Cost of revenues
Mobile Virtual Network Operators	$	1,017,528		$	5,189,618
Point-of-Sale and Prepaid Services		22,629,899			8,330,157
Other Corporate Overhead		34,005			-
Total	$	23,681,432		$	13,519,775
Cost of revenues	$	23,681,432		$	13,519,775

Operating expenses
Mobile Virtual Network Operators	$	71,620		$	596,226
Point-of-Sale and Prepaid Services		699,552			906,996
Other Corporate Overhead		2,730,746			3,134,334
Total	$	3,501,918		$	4,637,556
Operating expenses	$	3,501,918		$	4,637,556

Income (loss) from operations
Mobile Virtual Network Operators	$	714,364		$	(3,500,021	)
Point-of-Sale and Prepaid Services		(9,148,980	)		(945,547	)
Other Corporate Overhead		(2,764,751	)		(3,134,334	)
Total	$	(11,199,367	)	$	(7,579,902	)
Income (loss) from operations	$	(11,199,367	)	$	(7,579,902	)

SURGEPAYS, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2026 AND 2025

Segment information for the Company’s assets and liabilities at March 31, 2026 and December 31, 2025, are as follows:

	March 31, 2026		December 31, 2025

Total Assets
Mobile Virtual Network Operators	$	5,088,425	$	4,524,425
Point-of-Sale and Prepaid Services		2,470,659		2,231,645
Other Corporate Overhead		1,942,374		1,759,776
Total	$	9,501,458	$	8,515,846
Total assets	$	9,501,458	$	8,515,846

Total Liabilities
Mobile Virtual Network Operators	$	1,760,758	$	2,632,025
Point-of-Sale and Prepaid Services		10,683,586		2,768,490
Other Corporate Overhead		20,925,082		18,518,150
Total	$	33,369,426	$	23,918,665
Total liabilities	$	33,369,426	$	23,918,665

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details

SurgePays, Inc. 10-Q