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SURG

SURGEPAYS, INC.
CIK 0001392694 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
80.0
composite ยท 4 signals ยท TRIGGERED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-12 ยท FY 2025-12-31 ยท TRIGGERED100.0

Restatement predictor

F-Score 5.43 โ€” misstatement risk 5.4x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 5.429,
  "probability": 0.02009,
  "components": {
    "rsst": -0.9095,
    "drec": 0.0643,
    "dinv": -0.0887,
    "soft": 0.7493,
    "dcs": -0.0815,
    "droa": -2.3282,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1392694/000149315226016889/0001493152-26-016889-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}
P-05 ยท FY 2023-12-31 ยท ELEVATED100.0

Tax arbitrage

[FY2023 data, stale โ€” no more recent pretax-income figure in XBRL] ETR -12.3% vs 21% statutory โ€” gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-25) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2023-12-31": -0.1232
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": 0.3332
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1392694/000164117225000608/0001641172-25-000608-index.htm",
    "form": "10-K",
    "filed": "2025-03-25"
  }
}
P-13 ยท FY 2022-12-31 ยท ELEVATED20.0

Zombie / distress

[FY2022 data, stale โ€” no more recent EBIT figure in XBRL] Altman Z'' -2.34 in the distress zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2024-03-12) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2025-12-31": null,
    "2024-12-31": null,
    "2023-12-31": null,
    "2022-12-31": 1.584
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": -2.335,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 633785,
    "interest_expense_t": 400000
  },
  "stale": true,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1392694/000149315224009661/0001493152-24-009661-index.htm",
    "form": "10-K",
    "filed": "2024-03-12"
  }
}
P-01 ยท FY 2025-12-31 ยท CLEAN0.0

Earnings quality

Beneish M-Score -12.59 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-04-15) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -12.585,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.441,
    "GMI": 1.266,
    "AQI": 0.578,
    "SGI": 0.936,
    "DEPI": 1.817,
    "SGAI": 0.781,
    "LVGI": 8.452,
    "TATA": -1.735
  },
  "defaulted_to_neutral": [],
  "sloan_accruals": -0.9095,
  "inputs": {
    "revenue_t": 56962920,
    "revenue_t1": 60881173,
    "total_assets_t": 8515846,
    "net_income_t": -36068870,
    "cfo_t": -21293152
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1392694/000149315226016889/0001493152-26-016889-index.htm",
    "form": "10-K",
    "filed": "2026-04-15"
  }
}