Surge Holdings, Inc. (SURG) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 34644521664690
Cash and cash equivalents 34644521664690
Receivables 3,071397561262750
Prepaid expense 9711485691 
Other undisclosed current assets 612,208    
Total current assets: 3,5753,0603207593461
Noncurrent Assets
Operating lease, right-of-use asset 211
Property, plant and equipment 295311571414 
Oil and gas property, successful effort method      2
Intangible assets, net (including goodwill) 5,6369329691,0842,266
Goodwill 867867867867  
Intangible assets, net (excluding goodwill) 4,769651022172,266 
Other noncurrent assets 66     
Other undisclosed noncurrent assets 204611,700500  
Total noncurrent assets: 6,4111,0242,8261,5982,2812
TOTAL ASSETS: 9,9864,0843,1462,3572,6273
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,6383,104482776356301
Accrued liabilities      301
Employee-related liabilities     39 
Interest and dividends payable   21  
Other undisclosed accounts payable and accrued liabilities 3,6383,104481775316 
Debt 8275837381,7881,10439
Derivative instruments and hedges, liabilities 1915193584  
Asset retirement obligation      1
Due to related parties  390390357318 
Deferred revenue and credits130165518 
Other liabilities 4493953373372745
Other undisclosed current liabilities 1,9492703175427544
Total current liabilities: 7,0544,7922,4864,0602,597889
Noncurrent Liabilities
Long-term debt and lease obligation 2,325680525955639
Long-term debt, excluding current maturities 2,205680525955639
Operating lease, liability 120
Liabilities, other than long-term debt    5481 
Due to related parties    5481 
Other undisclosed noncurrent liabilities 5,307601    
Total noncurrent liabilities: 7,6321,2815211263739
Total liabilities: 14,6866,0732,5394,1723,234928
Stockholders' equity
Stockholders' equity attributable to parent, including: (4,700)(1,988)607(1,815)(607)(887)
Preferred stock   1010  
Common stock 1028890573622
Treasury stock, value   1,069   
Additional paid in capital 6,0553349,5844,1467852,838
Accumulated deficit (10,871)(2,424)(8,008)(6,028)(1,428) 
Other undisclosed stockholders' equity attributable to parent 1414(2,138)  (3,746)
Total stockholders' equity: (4,700)(1,988)607(1,815)(607)(887)
Other undisclosed liabilities and equity      (39)
TOTAL LIABILITIES AND EQUITY: 9,9864,0843,1462,3572,6273

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
Revenues 25,74315,2441,4303,2972,8332
Revenue, net   2
Financial services revenue  500 
Cost of revenue (20,305)(8,570)(733)(2,328)(2,332)(1)
Cost of goods and services sold      (1)
Gross profit: 5,4376,6746979685011
Operating expenses (13,206)(8,209)(2,766)(4,075)(1,822)(51)
Other undisclosed operating income      0
Operating loss: (7,768)(1,535)(2,069)(3,107)(1,321)(49)
Nonoperating income (expense) (679)7789(1,493)(15)(6)
Other nonoperating income (expense) (679)7789(1,493)(15) 
Interest and debt expense (7)151,000(107)(15)(41)
Loss from continuing operations before equity method investments, income taxes: (8,454)(1,444)(980)(4,707)(1,351)(96)
Other undisclosed income (loss) from continuing operations before income taxes 7(15)(1,000)107  
Loss from continuing operations before income taxes: (8,447)(1,459)(1,980)(4,600)(1,351)(96)
Income tax expense  (82)    
Other undisclosed income from continuing operations  3,041    
Income (loss) before gain (loss) on sale of properties: (8,447)1,500(1,980)(4,600)(1,351)(96)
Other undisclosed net income     15 
Net income (loss): (8,447)1,500(1,980)(4,600)(1,336)(96)
Other undisclosed net income (loss) attributable to parent  (3,041)   41
Net loss available to common stockholders, diluted: (8,447)(1,541)(1,980)(4,600)(1,336)(56)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
4/30/2014
Net income (loss): (8,447)1,500(1,980)(4,600)(1,336)(96)
Comprehensive income (loss), net of tax, attributable to parent: (8,447)1,500(1,980)(4,600)(1,336)(96)

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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