Surge Holdings, Inc. (SURG) financial statements (2020 and earlier)

Company profile

Business Address 3124 BROTHER BLVD
BARTLETT, TN 38133
State of Incorp. NV
Fiscal Year End December 31
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 445216646900
Cash and cash equivalents 445216646900
Receivables 3975612627500
Prepaid expense 11485691 
Other undisclosed current assets 2,208     
Total current assets: 3,06032075934611
Noncurrent Assets
Property, plant and equipment 311571414 2
Oil and gas property, successful effort method     2 
Intangible assets, net (including goodwill) 9329691,0842,266
Goodwill 867867867   
Intangible assets, net (excluding goodwill) 651022172,266  
Other undisclosed noncurrent assets 611,700500   
Total noncurrent assets: 1,0242,8261,5982,28122
TOTAL ASSETS: 4,0843,1462,3572,62733
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,104482776356301260
Accrued liabilities     301260
Employee-related liabilities    39  
Interest and dividends payable  21   
Other undisclosed accounts payable and accrued liabilities 3,104481775316  
Debt 5837381,7881,10439 
Derivative instruments and hedges, liabilities 5193584   
Asset retirement obligation     10
Due to related parties 390390357318  
Deferred revenue and credits130165518  
Other liabilities 39533733727454
Other undisclosed current liabilities 2703175427544569
Total current liabilities: 4,7922,4864,0602,597889834
Noncurrent Liabilities
Long-term debt and lease obligation 68052595563939
Long-term debt, excluding current maturities 68052595563939
Liabilities, other than long-term debt   5481  
Due to related parties   5481  
Other undisclosed noncurrent liabilities 601     
Total noncurrent liabilities: 1,281521126373939
Total liabilities: 6,0732,5394,1723,234928872
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,988)607(1,815)(607)(887)(831)
Preferred stock  1010   
Common stock 889057362222
Treasury stock, value  1,069    
Additional paid in capital 3349,5844,1467852,8382,838
Accumulated deficit (2,424)(8,008)(6,028)(1,428) (3,691)
Other undisclosed stockholders' equity attributable to parent 14(2,138)  (3,746) 
Total stockholders' equity: (1,988)607(1,815)(607)(887)(831)
Other undisclosed liabilities and equity     (39)(39)
TOTAL LIABILITIES AND EQUITY: 4,0843,1462,3572,62733

Income statement (P&L) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
4/30/2013
Revenues 15,2441,4303,2972,83321
Revenue, net   21
Financial services revenue  500  
Cost of revenue (8,570)(733)(2,328)(2,332)(1)(1)
Cost of goods and services sold     (1)(1)
Gross profit: 6,67469796850110
Operating expenses (8,209)(2,766)(4,075)(1,822)(51)(37)
Other undisclosed operating income     00
Operating loss: (1,535)(2,069)(3,107)(1,321)(49)(36)
Nonoperating income (expense) 7789(1,493)(15)(6)(26)
Other nonoperating income (expense) 7789(1,493)(15)  
Interest and debt expense 151,000(107)(15)(41)(37)
Loss from continuing operations before equity method investments, income taxes: (1,444)(980)(4,707)(1,351)(96)(100)
Other undisclosed income (loss) from continuing operations before income taxes (15)(1,000)107   
Loss from continuing operations before income taxes: (1,459)(1,980)(4,600)(1,351)(96)(100)
Income tax expense (82)     
Other undisclosed income from continuing operations 3,041     
Income (loss) before gain (loss) on sale of properties: 1,500(1,980)(4,600)(1,351)(96)(100)
Other undisclosed net income    15  
Net income (loss): 1,500(1,980)(4,600)(1,336)(96)(100)
Other undisclosed net income (loss) attributable to parent (3,041)   4137
Net loss available to common stockholders, diluted: (1,541)(1,980)(4,600)(1,336)(56)(62)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
4/30/2013
Net income (loss): 1,500(1,980)(4,600)(1,336)(96)(100)
Comprehensive income (loss), net of tax, attributable to parent: 1,500(1,980)(4,600)(1,336)(96)(100)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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