Surge Global Energy Inc (SRGG) Financial Statements (2023 and earlier)

Company Profile

Business Address 75-153 MERLE DRIVE, SUITE B
PALM DESERT, CA 92211
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 25,15961,52190,541
Cash and cash equivalents 25,15961,52190,541
Receivables  105 
Prepaid expense 12,63818,026
Prepaid expense and other current assets8,991
Total current assets: 37,79779,65299,532
Noncurrent Assets
Property, plant and equipment 7,17911,576(36,045)
Oil and gas property, successful effort method (250,470)  
Oil and gas property, full cost method  41,884 
Long-term investments and receivables 1,490,9231,629,6141,733,632
Long-term investments 1,490,9231,629,6141,733,632
Other undisclosed noncurrent assets 255,4705,00036,045
Total noncurrent assets: 1,503,1021,688,0741,733,632
TOTAL ASSETS: 1,540,8991,767,7261,833,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 49,932144,25539,243
Other undisclosed accounts payable and accrued liabilities 49,932144,25539,243
Other undisclosed current liabilities  393,000 
Total current liabilities: 49,932537,25539,243
Noncurrent Liabilities
Total liabilities: 49,932537,25539,243
Equity
Equity, attributable to parent, including: 1,490,9671,230,4711,793,921
Common stock 14,76512,9208,803
Additional paid in capital 56,846,76455,588,20955,040,326
Accumulated other comprehensive loss (242,709)(104,018) 
Accumulated deficit (55,127,853)(12,337,512)(12,337,512)
Other undisclosed equity, attributable to parent  (41,929,128)(40,917,696)
Total equity: 1,490,9671,230,4711,793,921
TOTAL LIABILITIES AND EQUITY: 1,540,8991,767,7261,833,164

Income Statement (P&L) (USD)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 1452,387 
Revenue, net  2,387 
Cost of revenue
(Cost of Goods and Services Sold)
 (86)(697) 
Gross profit: 591,690 
Operating expenses (860,354)(912,697)(1,687,275)
Operating loss: (860,295)(911,007)(1,687,275)
Nonoperating income
(Investment Income, Nonoperating)
   51
Other undisclosed income from continuing operations before equity method investments, income taxes 1,721,295 3,395,224
Income (loss) from continuing operations before equity method investments, income taxes: 861,000(911,007)1,708,000
Other undisclosed loss from continuing operations before income taxes (1,722,213)(425)(3,416,820)
Loss from continuing operations: (861,213)(911,432)(1,708,820)
Loss before gain (loss) on sale of properties: (861,213)(911,432)(1,708,820)
Net loss available to common stockholders, diluted: (861,213)(911,432)(1,708,820)

Comprehensive Income (USD)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (861,213)(911,432)(1,708,820)
Comprehensive loss: (861,213)(911,432)(1,708,820)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (138,691)(104,018)381,402
Comprehensive loss, net of tax, attributable to parent: (999,904)(1,015,450)(1,327,418)

Statements Sources

The financial statements are based on the Company's filings with 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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