$SURG Cashflow Statement | Understand Stock

$SURG

$0.15 +$0.01 (7.56%) Close

$SURG Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Operating activities
Net loss
Net loss - including non-controlling interest
Adjustments to reconcile net loss to net cash used in operations
Bad debt expense
Provision for inventory obsolescence
Depreciation and amortization
Amortization of right-of-use assets
Amortization of debt discount/debt issue costs
Recognition of share-based compensation
Amortization of internal use software development costs
Impairment loss - CenterCom
Impairment loss - internal use software development costs
Impairment loss - goodwill
Clear Line Mobile Inc
Torch Wireless LLC
Total impairment loss - goodwill
Impairment loss - note receivable
Stock issued for services
Recognition of stock-based compensation - unvested shares - related parties
Recognition of share-based compensation - options
Recognition of share based compensation - options
Warrants issued for interest expense
Change in fair value of derivative liabilities
Derivative expense
Gain on settlement of liabilities
Recognition of stock based compensation - related parties
Recognition of stock-based compensation
Recognition of share based compensation - options
Nonrelated Party
Related Party
Realized gain in sale of investments
Interest expense adjustment - SBA loans
Right-of-use asset lease payment adjustment true up
Gain on equity method investment - CenterCom
Gain on forgiveness of PPP loan
Gain on deconsolidation of subsidiary (True Wireless)
Warrant modification expense
Cash paid for lease termination
Loss on lease termination - net
Changes in operating assets and liabilities
(Increase) decrease in
Accounts receivable
Lifeline revenue - due from USAC
Inventory
Prepaids
Other
Prepaids and other
Deferred income taxes - net

Increase (decrease) in
Accounts payable and accrued expenses
Nonrelated Party
Related Party
Total accounts payable and accrued expenses

Accounts payable and accrued expenses - related party
Accrued income taxes payable
Installment sale liability - net
Deferred revenue
Operating lease liability

Net cash used in operating activities
Investing activities
Purchase of property and equipment
Purchase of investments - net
Proceeds from sale of investments
Cash paid for acquisition of Clearline Mobile, Inc.
Cash disposed in deconsolidation of subsidiary (True Wireless)
Capitalized internal use software development costs
Purchase of software
Net cash used in investing activities

Financing activities
Proceeds from stock and warrants issued for cash
Cash paid for direct offering costs
Proceeds from loans - related party
Gross proceeds
Proceeds from exercise of common stock warrants
Cash paid as direct offering costs
Cash paid as direct offering costs - common stock
Proceeds from issuance of notes payable
Repayments of notes payable
Proceeds from SBA notes
Repayments on SBA notes
Proceeds from issuance of convertible notes payable
Repayments on convertible notes - net of overpayment
Cash paid for debt issuance costs
Cash paid as direct offering costs - convertibles note payable
Repayments of loans - related party
Repayments on notes payable - SBA government
Treasury shares repurchased (share buy-backs)
Net cash provided by financing activities

Net decrease in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash - beginning of year
Cash, cash equivalents and restricted cash - end of year
Supplemental disclosure of cash flow information
Cash paid for interest
Supplemental disclosure of non-cash investing and financing activities
Debt issue costs recorded in connection with notes payable
Stock issued to acquire software
Debt discount/issue costs recorded in connection with debt/derivative liabilities
Conversion of Series C, preferred stock into common stock
Gain on forgiveness of CenterCom AP - Related Party
Stock issued in settlement of liabilities
Conversion of debt into equity
Conversion of debt into equity - related party
Treasury stock reacquired in connection with convertible debt financing
Debt discount - convertible notes payable - original issue discount
Debt discount - convertible notes payable - issuance of common stock
Debt discount - convertible notes payable - issuance of warrants
Debt discount - convertible notes payable - stated interest
Debt discount - note payable - issuance of warrants
Stock issued in settlement of accounts payable
Reclassification of accrued interest - related party to note payable - related party
Deconsolidation of subsidiary (True Wireless)
Exercise of warrants - cashless
Termination of ROU operating lease assets and liabilities
Right-of-use asset obtained in exchange for new operating lease liability
Termination of ECS ROU lease
Stock issued in connection with debt modification
Stock issued under make-whole arrangement
Stock issued for acquisition of membership interest in ECS

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