Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue from Contracts with Customers

The following table disaggregates gross revenue by entity for the three and six months ended June 30, 2020 and 2019:

 

    For the Three Months Ended  
    June 30, 2020     June 30, 2019  
True Wireless, Inc.   $ 754,143     $ 1,073,797  
Surge Blockchain, LLC     193,677       677,594  
Surge Logics, Inc.     4,456,127       1,701,491  
ECS     9,055,826       -  
Other     55,023       1,538  
Total revenue   $ 14,514,796     $ 3,454,420  

 

    For the Six Months Ended  
    June 30, 2020     June 30, 2019  
True Wireless, Inc.   $ 1,044,848     $ 3,448,269  
Surge Blockchain, LLC     423,479       1,567,775  
Surge Logics, Inc.     9,908,046       2,375,204  
ECS     18,802,599       -  
Other     123,623       1,946  
Total revenue   $ 30,302,595     $ 7,393,194  
Schedule of Diluted Net Income (Loss) Per Share

The following table shows the outstanding dilutive common shares excluded from the diluted net income (loss) per share calculation as they were anti-dilutive:

 

    Contingent shares issuance
arrangement, stock options
or warrants
 
    For the Six Months
Ended
June 30, 2020
    For the Six Months
Ended
June 30, 2019
 
             
Convertible note     17,060,747       -  
Common stock options     850,176       -  
Common stock warrants     7,563,919       6,148,922  
                 
Total contingent shares issuance arrangement, stock options or warrants     25,474,842       6,148,922