SURG — what changed in the latest 10-Q
A section-by-section comparison of SURG's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-19 vs the prior 10-Q · 2026-05-20
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +81 | −26 | ~17 | 31 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | Text added/removed | +1 | −1 | ~2 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Risk factors, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-19
● Contractors and consultants expense increased by $567,475 or 113.4% from $500,448 in the three months ended June 30, 2025, to $1,067,923 in the three months ended June 30, 2026. This increase is primarily due to stock issuances to certain consultants made during the three months ended June 30, 202…
● Professional services decreased by $125,750 or 40.6% in the three months ended June 30, 2026, as compared to the same period in 2025.
● Insurance expense increased to $494,948 in the three months ended June 30, 2026, from $283,377 in the comparable period in 2025.
● Contract settlement gain expenses increased from $0 in the three months ended June 30, 2025, to $8,511,672 in the comparable period in 2026 as a product of the MVNx Reseller Agreement and Related Amendments. See Note 8 - Commitments and Contingencies for more details on this settlement gain.
● Other costs decreased to $443,117 in the three months ended June 30, 2026, from $756,627 in the comparable period in 2025, primarily due to the resolution of various taxes associated with the ACP and other company-wide cost-cutting measures.
Text removed vs the prior filing · source: 10-Q · 2026-05-20
● Contractors and consultants expense decreased by $460,481 or 54.5% from $845,094 in 2025 to $384,613 in 2026. The Company decreased these expenses during the three months ended March 31, 2026, due to the reduction in advisory services specifically in the area of investment relations and the intern…
● Professional services remained fairly steady, decreasing by 5,649 or 3.4% in 2026.
● Insurance expense decreased to $258,616 in 2026 from $283,202 in 2025 primarily as a result of improved premium rates for the renewal of coverage.
● Other costs decreased to $424,209 in 2026 from $1,244,321in 2025 primarily due to the resolution of various taxes associated with the ACP and other company-wide cost-cutting measures.
Other (expense) income during the three months ended March 31, 2026 and 2025, consisted of the following:
Legal proceedings
Text added vs the prior filing · source: 10-Q · 2026-08-19
District Court 116th Judicial District, Dallas County, Texas filed April 20, 2026. Plaintiff filed this collection suit seeking an amount over $250,000 but less than $1,000,000 for breach of contract for the provision of goods, plus interest, fees and costs. The matter was settled on June 18, 2026 f…
Text removed vs the prior filing · source: 10-Q · 2026-05-20
District Court 116th Judicial District, Dallas County, Texas filed April 20, 2026. Plaintiff filed this collection suit seeking an amount over $250,000 but less than $1,000,000 for breach of contract for the provision of goods, plus interest, fees and costs. SurgePays, Inc.’s initial pleading is not…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice