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- Going Concern (new) — The prior auditor's report on the 2025 financial statements included a going-concern warning, indicating substantial doubt about the company's ability to continue operating.
SurgePays dismisses TAAD LLP, hires Sadler Gibb as auditor after going-concern warning
Filed September 16, 2026 · Period ending September 11, 2026 · ~1 min read
Key Changes
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high
SurgePays dismissed TAAD LLP as its independent auditor effective September 16, 2026, with Audit Committee approval.
Item 4.01 verify on EDGAR → -
high
The company engaged Sadler, Gibb & Associates as its new independent auditor on September 11, 2026.
Item 4.01 verify on EDGAR → -
high
TAAD's report on 2025 financials included a going-concern paragraph expressing substantial doubt about SurgePays' ability to continue.
Item 4.01 verify on EDGAR → -
medium
No disagreements or reportable events with the prior auditor were disclosed, suggesting the change was not due to accounting disputes.
Item 4.01 verify on EDGAR →
Summary
SurgePays has replaced its independent auditor, dismissing TAAD LLP and engaging Sadler, Gibb & Associates. The change was approved by the Audit Committee and the company states there were no disagreements or reportable events with the prior firm. However, TAAD's report on the 2025 financial statements contained a going-concern explanatory paragraph, noting substantial doubt about SurgePays' ability to continue as a going concern.
This warning is a significant concern for investors, as it signals potential financial instability. The auditor change itself appears clean, but the underlying going-concern issue remains a key risk to monitor.
Section-by-Section Diff
Event · Item 4.01 — Changes in Registrant's Certifying Accountant
Item 4.01 — Changes in Registrant's Certifying Accountant filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On September 11, 2026, the Company engaged Sadler, Gibb & Associates, LLC (the “New Accounting Firm”) as its independent registered public accounting firm.
SurgePays engaged Sadler, Gibb & Associates as its new independent auditor on September 11, 2026. The company had not consulted with the new firm on any accounting or auditing matters during the prior two fiscal years or interim period.
Added in current filing · verify on EDGAR →
The reports of the Former Accounting Firm on the Company’s financial statements as of and for the year ended December 31, 2025 (the Former Accounting Firm did not render a report on the Company’s financial statements as of and for the year ended December 31, 2024), contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles except as set forth in subparagraph (iii) below.
The prior auditor's report on the 2025 financial statements was unqualified except for the going-concern explanatory paragraph. No report was issued for 2024.
Added in current filing · verify on EDGAR →
During the fiscal year ending December 31, 2025, and during the interim period through September 16, 2026, there (i) have been no disagreements with the Former Accounting Firm on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of the Former Accounting Firm, would have caused the Former Accounting Firm to make reference to the subject matter of such disagreements in its reports on the financial statements for such years, and (ii) were no reportable events of the kind referenced in Item 304(a) (1) (v) of Regulation S-K.
The company states there were no disagreements with the prior auditor and no reportable events under SEC rules. This suggests the auditor change was not driven by accounting disputes.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 16, 2026 · How we verify