Overview
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- TickerSPRS on OTC1
- IndustryWholesale-Electronic Parts & Equipment, NEC1
- HeadquartersDeer Park, New York1
- Incorporated inNY3
- Business address95 East Jefryn Blvd, Deer Park, Ny 117293
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Surge’s suppliers in China have facilities fully certified for all of the above mentioned quality certifications.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Regions
China brought in 58% of the revenue SURGE COMPONENTS INC broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| China | $8.6M | $10.6M |
| Canada | $3.6M | $4.0M |
| Europe | $1.5M | $2.5M |
| Elsewhere In Asia | $773.3K | $1.2M |
| South America | $86.2K | $75.5K |
| Mexico | $43.9K | $33.5K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$25.9M
- Other costs24¢$8.8M
- Income tax1¢$474.3K
- Profit3¢$1.1M
Out of $36.3M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Capital spending13¢$122.0K
- Kept or used elsewhere87¢$794.2K
Out of $916.1K of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Net sales | $36.3M | $31.2M |
| Cost of goods sold | $25.9M | $22.3M |
| Gross profit | $10.5M | $8.9M |
| Selling and shipping expenses | $2.9M | $2.7M |
| General and administrative expenses | $6.2M | $5.2M |
| Depreciation and amortization | $70.6K | $70.4K |
| Total operating expenses | $9.2M | $8.0M |
| Income before other income and income taxes | $1.3M | $903.9K |
| Investment income | $356.6K | $331.7K |
| Other income (expense): | $356.6K | $331.7K |
| Income before income taxes | $1.6M | $1.2M |
| Income taxes | $474.3K | $410.0K |
| Net income | $1.1M | $825.7K |
| Dividends on preferred stock | $5.0K | $5.0K |
| Net income available to common shareholders | $1.1M | $820.7K |
| Basic (in Dollars per share) | $0.20 | $0.15 |
| Diluted (in Dollars per share) | $0.20 | $0.14 |
| Weighted average shares outstanding Basic | 5.7M shares | 5.6M shares |
| Weighted average shares outstanding diluted | 5.8M shares | 5.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-11-30 | 2024-11-30 | 2023-11-30 |
|---|---|---|---|
| Cash | $5.3M | $5.6M | |
| Marketable Securities | $8.4M | $7.1M | |
| Accounts receivable - net of allowance for credit losses of $120,915 and $80,297 | $6.5M | $6.0M | |
| Inventory, net | $5.1M | $5.0M | |
| Prepaid expenses and income taxes | $460.3K | $290.4K | |
| Total current assets | $25.8M | $24.0M | |
| Fixed assets net of accumulated depreciation and amortization of $1,898,800 and $1,828,156 | $162.0K | $110.7K | |
| Operating lease right of use asset | $918.4K | $1.1M | |
| Deferred income taxes | $229.2K | $260.9K | |
| Other assets | $34.3K | $34.3K | |
| Total assets | $27.1M | $25.4M | |
| Accounts payable | $3.2M | $3.3M | |
| Operating lease liabilities, current maturities | $367.0K | $330.2K | |
| Accrued expenses and taxes | $647.4K | $688.6K | |
| Accrued salaries | $772.4K | $714.9K | |
| Total current liabilities | $5.0M | $5.1M | |
| Operating lease liabilities net of current maturities | $709.9K | $876.8K | |
| Total liabilities | $5.7M | $6.0M | |
| Common stock - $.001 par value, 50,000,000 shares authorized, 5,716,792 and 5,582,783 shares issued and outstanding | $5.7K | $5.6K | |
| Additional paid-in capital | $18.4M | $17.7M | |
| Accumulated other comprehensive income unrealized gain on marketable debt securities | $185.7K | $85.3K | |
| Accumulated equity | $2.8M | $1.7M | |
| Total shareholders equity | $21.4M | $19.5M | $18.6M |
| Total liabilities and shareholders equity | $27.1M | $25.4M | |
| Net of allowance for credit losses (in Dollars) | $120.9K | $80.3K | |
| Net of accumulated depreciation and amortization (in Dollars) | $1.9M | $1.8M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 5.7M shares | 5.6M shares | |
| Common stock, shares outstanding | 5.7M shares | 5.6M shares |
| Period ending | 2025-11-30 | 2024-11-30 | 2023-11-30 |
|---|---|---|---|
| Cash | $5.3M | $5.6M | |
| Marketable Securities | $8.4M | $7.1M | |
| Accounts receivable - net of allowance for credit losses of $120,915 and $80,297 | $6.5M | $6.0M | |
| Inventory, net | $5.1M | $5.0M | |
| Prepaid expenses and income taxes | $460.3K | $290.4K | |
| Total current assets | $25.8M | $24.0M | |
| Fixed assets net of accumulated depreciation and amortization of $1,898,800 and $1,828,156 | $162.0K | $110.7K | |
| Operating lease right of use asset | $918.4K | $1.1M | |
| Deferred income taxes | $229.2K | $260.9K | |
| Other assets | $34.3K | $34.3K | |
| Total assets | $27.1M | $25.4M | |
| Accounts payable | $3.2M | $3.3M | |
| Operating lease liabilities, current maturities | $367.0K | $330.2K | |
| Accrued expenses and taxes | $647.4K | $688.6K | |
| Accrued salaries | $772.4K | $714.9K | |
| Total current liabilities | $5.0M | $5.1M | |
| Operating lease liabilities net of current maturities | $709.9K | $876.8K | |
| Total liabilities | $5.7M | $6.0M | |
| Common stock - $.001 par value, 50,000,000 shares authorized, 5,716,792 and 5,582,783 shares issued and outstanding | $5.7K | $5.6K | |
| Additional paid-in capital | $18.4M | $17.7M | |
| Accumulated other comprehensive income unrealized gain on marketable debt securities | $185.7K | $85.3K | |
| Accumulated equity | $2.8M | $1.7M | |
| Total shareholders equity | $21.4M | $19.5M | $18.6M |
| Total liabilities and shareholders equity | $27.1M | $25.4M | |
| Net of allowance for credit losses (in Dollars) | $120.9K | $80.3K | |
| Net of accumulated depreciation and amortization (in Dollars) | $1.9M | $1.8M | |
| Preferred stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized | 5.0M shares | 5.0M shares | |
| Common stock, par value (in Dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 5.7M shares | 5.6M shares | |
| Common stock, shares outstanding | 5.7M shares | 5.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-11-30 | 2024-11-30 |
|---|---|---|
| Net Income | $1.1M | $825.7K |
| Depreciation and amortization | $70.6K | $70.4K |
| Gain on marketable securities | -$348 | -$200 |
| Deferred income taxes | $31.6K | -$19.5K |
| Allowance for credit losses | $40.6K | $956 |
| Stock Compensation Expense | $538.4K | $15.0K |
| Accounts receivable | -$540.3K | $136.0K |
| Inventory | -$85.6K | $422.1K |
| Prepaid expenses and income taxes | -$169.8K | $229.7K |
| Other assets | $2.1K | $18.8K |
| Accounts payable | -$119.0K | $128.4K |
| Accrued expenses | $11.3K | -$3.9K |
| NET CASH FLOWS PROVIDED BY OPERATING ACTIVITIES | $916.1K | $1.8M |
| Acquisition of fixed assets | -$122.0K | -$11.0K |
| Acquisition of marketable securities | -$2.9M | -$5.9M |
| Proceeds from the sale of marketable securities | $1.7M | $2.1M |
| NET CASH FLOWS USED IN INVESTING ACTIVITIES | -$1.4M | -$3.8M |
| Proceeds from exercise of stock options | $138.0K | |
| NET CASH FLOWS USED IN FINANCING ACTIVITIES | $138.0K | |
| NET CHANGE IN CASH | -$296.1K | -$2.0M |
| Income taxes paid | $380.3K | $353.8K |
| Accrued dividends on preferred stock | $5.0K | $5.0K |
No quarter-by-quarter statement was filed.
Corporate structure
SURGE COMPONENTS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of SURGE COMPONENTS INC
- Zeff Capital, LP Filed SCHEDULE 13G/A on SURGE COMPONENTS INC, latest Jan 21, 2026 (2 filings since Nov 3, 2025)
- SURGE COMPONENTS INC Deer Park, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What SURGE COMPONENTS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Furniture and fixtures | $329.2K5 Nov 30, 2025 | $329.2K5 Nov 30, 2024 | 0% |
| Computer equipment and software | $589.3K5 Nov 30, 2025 | $530.7K5 Nov 30, 2024 | +11.0% |
| Leasehold improvements | $1.1M5 Nov 30, 2025 | $1.1M5 Nov 30, 2024 | +5.9% |
| Accumulated depreciation | $1.9M5 Nov 30, 2025 | $1.8M5 Nov 30, 2024 | +3.9% |
| Property and equipment, net | $162.0K5 Nov 30, 2025 | $110.7K5 Nov 30, 2024 | +46.3% |
| Operating-lease assets (leased space) | $918.4K5 Nov 30, 2025 | $1.1M5 Nov 30, 2024 | −12.6% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $5.3M5 Nov 30, 2025 | $5.6M5 Nov 30, 2024 | −5.3% |
| Marketable securities, current | $8.4M5 Nov 30, 2025 | $7.1M5 Nov 30, 2024 | +18.7% |
Inventory
Properties, in its own words
Our executive offices and warehouse facilities are located at 95 East Jefryn Boulevard, Deer Park, New York, 11729. We lease our facilities from Great American Realty of Jefryn Blvd., LLC (“Great American”), an entity that is 50% owned by Ira Levy, Surge’s president and Steven Lubman, Surge’s vice president. Our lease is through September 30, 2030 and our monthly rent for the year ended November 30, 2025 was $17,473 We occupy approximately 23,250 square feet of office space and warehouse space. The rental rate is typical for the type and location of Surge’s and Challenge’s facilities.
The Company has a lease to rent office space and a warehouse in Hong Kong Through November 2027. Annual minimum rental payments for this space are approximately $79,564.
The rest of Item 2
The Company has a lease to rent additional warehouse space in Hong Kong through November 30, 2027. Annual minimum rental payments for this space are approximately $77,097.
Item 2 of the 10-K filed Feb 27, 2026.4
Leadership
Who has led SURGE COMPONENTS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerIra Levy Aug 4, 2010 to now14
- PresidentIra Levy May 26, 2020 to now15
- Chief financial officerIra Levy May 26, 2020 to now15
Board members and other officers (6)
- VP, Secretary, DirectorSteven J. Lubman Aug 4, 2010 to now16
- Board memberMartin Novick Oct 13, 2016 to May 26, 202017
- Board memberIra Levy Aug 4, 2010 to now14
- Board memberSteven J. Lubman Aug 4, 2010 to now16
- Board memberAlan Plafker Aug 5, 2010 to now18
- Board memberLawrence Chariton Aug 5, 2010 to now19
Timeline
- Dec 2, 20258-K Shareholder vote20
- Nov 27, 20248-K Shareholder vote21
- Dec 4, 20238-K Shareholder vote22
- Dec 1, 20228-K Shareholder vote23
- Jan 24, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed24
- Dec 20, 20218-K Shareholder vote25
- Dec 3, 20218-K Shareholder vote26
- Aug 4, 2010New chief executive Ira Levy becomes CEO14
Filings
59 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 7 major events, 17 insider forms, 2 large holders, 12 other. The latest 20:
- Oct 14, 202610-Q QUARTERLY REPORT EDGAR
- Jul 14, 202610-Q QUARTERLY REPORT EDGAR
- Apr 14, 202610-Q QUARTERLY REPORT EDGAR
- Apr 2, 20264 EDGAR
- Feb 27, 202610-K ANNUAL REPORT EDGAR
- Jan 21, 2026SCHEDULE 13G/A EDGAR
- Dec 2, 20258-K CURRENT REPORT EDGAR
- Nov 3, 2025SCHEDULE 13G EDGAR
- Nov 3, 2025DEF 14A PROXY STATEMENT EDGAR
- Oct 24, 2025PRE 14A PROXY STATEMENT EDGAR
- Oct 15, 202510-Q QUARTERLY REPORT EDGAR
- Jul 14, 202510-Q QUARTERLY REPORT EDGAR
- Jun 2, 2025S-8 REGISTRATION STATEMENT EDGAR
- May 27, 20254 OWNERSHIP DOCUMENT EDGAR
- May 27, 20254 OWNERSHIP DOCUMENT EDGAR
- May 27, 20254 EDGAR
- May 27, 20254 EDGAR
- May 23, 20254 OWNERSHIP DOCUMENT EDGAR
- May 23, 20254 EDGAR
- Apr 24, 20254 EDGAR
The 59 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Zeff Capital, LPSCHEDULE 13G/A, 2 filings Nov 3, 2025 to Jan 21, 202627
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- PPP loans $261.7K
Figures by year
| Year | PPP loans | Total |
|---|---|---|
| 2020 | $261.7K | $261.7K |
PPP loans
Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA29. Matched to this company by name and state.
- Apr 15, 2020$261.7K PPP loan (first draw) from Citibank, N.A.29To SURGE COMPONENTS, INC., Deer Park NY; $264.2K forgiven Apr 8, 2021
SEC filer profile
How SURGE COMPONENTS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARSURGE COMPONENTS INC1
- CIK0000747540
- Employer ID (EIN)11-26020304
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inNevada4
- Fiscal year endsNovember 301
- Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address95 East Jefryn Blvd, Deer Park, NY 117291
- Mailing addressSurge Components Inc, 95 East Jefryn Blvd, Deer Park, NY 117291
- Phone51659518181
- Shares outstanding5,750,133 as of Oct 9, 202613
- Public float$6.4M as of May 31, 20254
- AuditorSeligson & Giannattasio, CPAs PC, White Plains, New York PCAOB ID 759; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 15, 19961
- Filings399 in all: 4 (89), 10-Q (50), 8-K (49), 10QSB (21), 10-K (16), DEF 14A (15), SC 13D/A (12), DFAN14A (9)1
All 50 form types
10-12G/A (8), 10KSB (8), 3 (8), DEFA14A (8), SC 13G (8), NT 10-Q (7), PRE 14A (7), S-4/A (7), SC 13D (7), 10QSB/A (6), SC 13G/A (6), UPLOAD (6), 3/A (4), 8-K/A (4), S-8 (4), NT 10-K (3), 10-K/A (2), 15-12G (2), 424B3 (2), CORRESP (2), DEFC14A (2), DEFR14A (2), PREC14A (2), PRER14A (2), PRRN14A (2), S-3/A (2), SC TO-I/A (2), 10-12G (1), 10KSB/A (1), 5 (1), 8-A12G (1), 8-A12G/A (1), 8-K12G3 (1), 8-K12G3/A (1), DEFS14A (1), PRES14A (1), S-3 (1), S-4 (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (10-K) Feb 27, 2026
Quarterly report (10-Q) Oct 14, 2026
Proxy statement (DEF 14A) Nov 3, 2025
Latest 8-K (8-K) Dec 2, 2025
Risk factors and legal proceedings
The risks SURGE COMPONENTS INC names in Item 1A of its 10-K filed Feb 27, 2026: 12 risks under these headings, as written.4
- Risks Related to our Business
- We have an agreement with only one of our suppliers and we depend on a limited number of suppliers
- We need to maintain large inventories in order to succeed and as a result, price fluctuations could harm us.
- Our operations would be adversely effected if we lose certain of our customers.
- We may not be able to compete against large competitors who have better resources.
- System failure or cybersecurity breaches of our network security could subject us to increased operating costs, as well as litigation and other potential losses.
- Our business will be adversely affected if there is a shortage of components.
- Our success depends on key personnel whose continued service is not guaranteed.
- Electronics industry cyclicality may adversely affect our operations.
- Most of our products are not protected by patents, trademarks and proprietary information.
- Risks Related to our Common Stock
- Our common stock is quoted on the OTC Market, which may limit the liquidity and price of our common stock more than if our common stock were listed on the Nasdaq Stock Market or another national exchange.
The other 2 risks
- The application of the “penny stock” rules could adversely affect the market price of our common stock and increase an investor’s transaction costs to sell those shares.
- Anti-takeover provisions in our organizational documents and the shareholder rights plan that we have adopted may discourage or prevent a change of control, even if an acquisition would be beneficial to our stockholders, which could affect our stock price adversely and prevent attempts by our stockholders to replace or remove our current management.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2Yahoo FinanceSPRS quote
- 3
- 4
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- 8
- 9
- 10
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- 12
- 13
- 14SEC EDGARIra Levy, Chief executive officer
- 15SEC EDGARIra Levy, President
- 16
- 17SEC EDGARMartin Novick, Board member
- 18SEC EDGARAlan Plafker, Board member
- 19SEC EDGARLawrence Chariton, Board member
- 20SEC EDGARShareholder vote
- 21SEC EDGARShareholder vote
- 22SEC EDGARShareholder vote
- 23SEC EDGARShareholder vote
- 24
- 25SEC EDGARShareholder vote
- 26SEC EDGARShareholder vote
- 27
- 28
- 29