Symbols / SURG
SURG Chart
About
SurgePays, Inc., together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates in two segments, Mobile Virtual Network Operator (MVNO) Telecommunications and Comprehensive Platform Services. The company offers mobile broadband solutions to consumers; ACH banking relationships and fintech transactions platform to convenience stores; prepaid wireless top-ups platform for convenience store clerks to handle top-ups for wireless brands; and transaction and marketing solutions. SurgePays, Inc. is headquartered in Bartlett, Tennessee.
Fundamentals
Scroll to Statements| Sector | Communication Services | Industry | Telecom Services | Market Cap | 18.30M |
| Enterprise Value | 26.25M | Income | -42.02M | Sales | 50.37M |
| Book/sh | -0.32 | Cash/sh | 0.12 | Dividend Yield | — |
| Payout | 0.00% | Employees | 130 | IPO | — |
| P/E | — | Forward P/E | 14.20 | PEG | — |
| P/S | 0.36 | P/B | -2.46 | P/C | — |
| EV/EBITDA | -0.68 | EV/Sales | 0.52 | Quick Ratio | 0.39 |
| Current Ratio | 0.52 | Debt/Eq | — | LT Debt/Eq | — |
| EPS (ttm) | -2.13 | EPS next Y | 0.06 | EPS Growth | — |
| Revenue Growth | 291.60% | Earnings | 2026-03-24 | ROA | -88.67% |
| ROE | -3.14% | ROIC | — | Gross Margin | -38.56% |
| Oper. Margin | -37.21% | Profit Margin | -83.42% | Shs Outstand | 23.43M |
| Shs Float | 15.38M | Short Float | 3.59% | Short Ratio | 1.77 |
| Short Interest | — | 52W High | 3.47 | 52W Low | 0.77 |
| Beta | 0.44 | Avg Volume | 238.58K | Volume | 144.28K |
| Target Price | $9.75 | Recom | None | Prev Close | $0.75 |
| Price | $0.78 | Change | 3.84% |
Valuation Models
Price estimates from analyst targets and simple models.
1. Analyst consensus
$9.75
Mean price target
2. Current target
$0.78
Latest analyst target
3. DCF / Fair value
$-10.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.78
Low
$9.75
High
$9.75
Mean
$9.75
Latest analyst rating changes
| Date | Action | Analyst | Rating Change | Price Target |
|---|---|---|---|---|
| 2025-12-22 | main | Ascendiant Capital | Buy → Buy | $10 |
| 2025-10-03 | main | Ascendiant Capital | Buy → Buy | $10 |
| 2025-06-16 | main | Ascendiant Capital | Buy → Buy | $9 |
| 2025-04-22 | main | Ascendiant Capital | Buy → Buy | $9 |
| 2024-12-16 | main | Ascendiant Capital | Buy → Buy | $9 |
| 2024-06-06 | main | Ascendiant Capital | Buy → Buy | $10 |
| 2024-04-01 | main | Ascendiant Capital | Buy → Buy | $10 |
| 2024-03-13 | down | Maxim Group | Buy → Hold | — |
| 2022-02-28 | init | Maxim Group | — → Buy | $6 |
| 2022-01-24 | init | Ascendiant Capital | — → Buy | $7 |
- $SURG stock is down 30% today. Here's what we see in our data. - Quiver Quantitative Wed, 21 Jan 2026 08
- What Are Wall Street Analysts' Target Price for Intuitive Surgical Stock? - Barchart.com ue, 17 Feb 2026 08
- 100,000 prepaid lines: inside LinkUp Mobile’s growth push - Stock Titan Mon, 02 Feb 2026 08
- Investors ignore increasing losses at SurgePays (NASDAQ:SURG) as stock jumps 14% this past week - simplywall.st Wed, 12 Nov 2025 08
- Intuitive Surgical Stock Dips on Q4 Preliminary Revenue Results - Yahoo Finance Fri, 16 Jan 2026 08
- Surge Copper Launches $15 Million Private Placement to Advance Berg Project - The Globe and Mail Wed, 11 Feb 2026 08
- 8 MAGA $1 Stocks: PRSO, GXAI, SURG, DVLT – See More Inside - FinancialContent ue, 17 Feb 2026 17
- 2M SurgePays shares sold at $1.25 as 100+ retail investors join - Stock Titan Mon, 26 Jan 2026 08
- SurgePays (NASDAQ:SURG) investors are sitting on a loss of 58% if they invested five years ago - Yahoo Finance Wed, 06 Aug 2025 07
- Insider Purchase: Director at $SURG Buys 10,000 Shares - Quiver Quantitative Fri, 12 Dec 2025 08
- Take Care Before Jumping Onto SurgePays, Inc. (NASDAQ:SURG) Even Though It's 26% Cheaper - simplywall.st hu, 22 Jan 2026 08
- Surge Copper Upsizes Private Placement to $20 Million for Berg and Ootsa Work - The Globe and Mail Fri, 13 Feb 2026 08
- Wireless fintech SurgePays to sell new shares in underwritten deal - Stock Titan ue, 20 Jan 2026 08
- Buy the Post-Earnings Surge in Intuitive Surgical (ISRG) Stock? - Yahoo Finance hu, 23 Oct 2025 07
- SurgePays Announces Underwritten Public Equity Offering Agreement - The Globe and Mail Fri, 23 Jan 2026 08
Insider Transactions
| Date | Shares | Value | Url | Text | Insider | Position | Transaction | Start Date | Ownership |
|---|---|---|---|---|---|---|---|---|---|
| 0 | 200000 | — | — | Stock Award(Grant) at price 0.00 per share. | EVERS ANTHONY GEORGE | Chief Financial Officer | — | 2025-12-31 00:00:00 | D |
| 1 | 38422 | 61647 | — | Purchase at price 1.60 - 1.62 per share. | MAY DAVID ALLEN | Director | — | 2025-12-10 00:00:00 | D |
| 2 | 63000 | 177282 | — | Sale at price 2.81 per share. | MAY DAVID ALLEN | Director | — | 2025-06-06 00:00:00 | D |
| 3 | 50000 | — | — | Stock Award(Grant) at price 0.00 per share. | KEYS DAVID N | Director | — | 2025-05-22 00:00:00 | D |
| 4 | 50000 | — | — | Stock Award(Grant) at price 0.00 per share. | WEISBERG LAURIE | Director | — | 2025-05-22 00:00:00 | D |
| 5 | 50000 | — | — | Stock Award(Grant) at price 0.00 per share. | SCHURFELD RICHARD EARL | Director | — | 2025-05-22 00:00:00 | D |
| 6 | 15073 | 41451 | — | Purchase at price 2.75 per share. | COX KEVIN BRIAN | Chief Executive Officer | — | 2025-05-16 00:00:00 | D |
| 7 | 35180 | 64084 | — | Sale at price 1.82 per share. | COX KEVIN BRIAN | Chief Executive Officer | — | 2024-12-03 00:00:00 | D |
| 8 | 36666 | 68199 | — | Sale at price 1.86 per share. | EVERS ANTHONY GEORGE | Chief Financial Officer | — | 2024-12-02 00:00:00 | D |
| 9 | 7808 | 13972 | — | Purchase at price 1.67 - 1.84 per share. | WEISBERG LAURIE | Director | — | 2024-11-25 00:00:00 | D |
Financials
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| TaxEffectOfUnusualItems | -316.54K | 0.00 | 0.00 | 0.00 |
| TaxRateForCalcs | 0.21 | 0.21 | 0.00 | 0.00 |
| NormalizedEBITDA | -39.71M | 20.08M | 1.86M | -7.30M |
| TotalUnusualItems | -1.51M | 0.00 | 531.91K | 2.21M |
| TotalUnusualItemsExcludingGoodwill | -1.51M | 0.00 | 531.91K | 2.21M |
| NetIncomeFromContinuingOperationNetMinorityInterest | -45.73M | 20.62M | -680.76K | -13.53M |
| ReconciledDepreciation | 1.29M | 1.11M | 988.70K | 917.47K |
| ReconciledCostOfRevenue | 75.08M | 101.46M | 108.02M | 44.73M |
| EBITDA | -41.22M | 20.08M | 2.39M | -5.10M |
| EBIT | -42.51M | 18.98M | 1.41M | -6.01M |
| NetInterestIncome | -448.81K | -595.98K | -1.96M | -7.52M |
| InterestExpense | 554.20K | 595.98K | 1.96M | 7.52M |
| InterestIncome | 105.39K | 0.00 | ||
| NormalizedIncome | -44.54M | 20.62M | -1.21M | -15.74M |
| NetIncomeFromContinuingAndDiscontinuedOperation | -45.73M | 20.62M | -680.76K | -13.53M |
| TotalExpenses | 102.66M | 118.28M | 120.92M | 57.03M |
| TotalOperatingIncomeAsReported | -41.78M | 18.87M | 633.78K | -5.99M |
| DilutedAverageShares | 19.12M | 14.92M | 12.40M | 4.38M |
| BasicAverageShares | 19.12M | 14.26M | 12.40M | 4.38M |
| DilutedEPS | -2.39 | 1.38 | -0.05 | -3.09 |
| BasicEPS | -2.39 | 1.45 | -0.05 | -3.09 |
| DilutedNIAvailtoComStockholders | -45.73M | 20.62M | -680.76K | -13.53M |
| NetIncomeCommonStockholders | -45.73M | 20.62M | -680.76K | -13.53M |
| NetIncome | -45.73M | 20.62M | -680.76K | -13.53M |
| MinorityInterests | 208.55K | -26.71K | -127.53K | 0.00 |
| NetIncomeIncludingNoncontrollingInterests | -45.94M | 20.64M | -553.23K | -13.53M |
| NetIncomeContinuousOperations | -45.94M | 20.64M | -553.23K | -13.53M |
| TaxProvision | 2.87M | -2.27M | 0.00 | |
| PretaxIncome | -43.07M | 18.38M | -553.23K | -13.53M |
| OtherIncomeExpense | -836.62K | 110.20K | 779.55K | -45.68K |
| OtherNonOperatingIncomeExpenses | 636.87K | 336.73K | -2.28M | |
| SpecialIncomeCharges | -1.88M | 0.00 | 531.91K | 2.25M |
| GainOnSaleOfBusiness | 0.00 | 1.90M | ||
| OtherSpecialCharges | 194.86K | -524.14K | -377.74K | |
| WriteOff | 498.27K | 0.00 | -7.77K | 24.84K |
| ImpairmentOfCapitalAssets | 1.18M | 0.00 | ||
| EarningsFromEquityInterest | 33.86K | 110.20K | -89.08K | 28.68K |
| GainOnSaleOfSecurity | 369.16K | -42.77K | ||
| NetNonOperatingInterestIncomeExpense | -448.81K | -595.98K | -1.96M | -7.52M |
| InterestExpenseNonOperating | 554.20K | 595.98K | 1.96M | 7.52M |
| InterestIncomeNonOperating | 105.39K | 0.00 | ||
| OperatingIncome | -41.78M | 18.87M | 626.02K | -5.97M |
| OperatingExpense | 27.46M | 16.78M | 12.84M | 12.14M |
| DepreciationAmortizationDepletionIncomeStatement | 1.17M | 1.06M | 931.59K | 759.38K |
| DepreciationAndAmortizationInIncomeStatement | 1.17M | 1.06M | 931.59K | 759.38K |
| SellingGeneralAndAdministration | 26.29M | 15.71M | 11.91M | 11.38M |
| SellingAndMarketingExpense | 109.00K | 152.85K | 259.39K | 661.24K |
| GeneralAndAdministrativeExpense | 26.18M | 15.56M | 11.65M | 10.72M |
| OtherGandA | 10.48M | 7.97M | 5.34M | 6.05M |
| InsuranceAndClaims | 1.10M | 1.25M | 1.54M | 791.53K |
| SalariesAndWages | 14.61M | 6.34M | 4.78M | 3.87M |
| GrossProfit | -14.32M | 35.64M | 13.47M | 6.17M |
| CostOfRevenue | 75.21M | 101.50M | 108.07M | 44.89M |
| TotalRevenue | 60.88M | 137.14M | 121.54M | 51.06M |
| OperatingRevenue | 60.88M | 137.14M | 121.54M | 51.06M |
| Line Item | 2024-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| TreasurySharesNumber | 362.62K | 0.00 | ||
| OrdinarySharesNumber | 20.07M | 14.40M | 14.12M | 12.06M |
| ShareIssued | 20.43M | 14.40M | 14.12M | 12.06M |
| NetDebt | 636.31K | 908.50K | ||
| TotalDebt | 4.59M | 5.44M | 8.11M | 7.68M |
| TangibleBookValue | 10.54M | 23.92M | 156.78K | -749.21K |
| InvestedCapital | 19.34M | 33.29M | 12.66M | 10.74M |
| WorkingCapital | 11.81M | 20.66M | 4.10M | 3.89M |
| NetTangibleAssets | 10.54M | 23.92M | 156.78K | -748.95K |
| CapitalLeaseObligations | 567.30K | 399.41K | 438.90K | 488.25K |
| CommonStockEquity | 15.32M | 28.25M | 4.99M | 3.55M |
| PreferredStockEquity | 260.00 | |||
| TotalCapitalization | 17.65M | 28.71M | 10.01M | 9.06M |
| TotalEquityGrossMinorityInterest | 15.26M | 28.40M | 5.12M | 3.55M |
| MinorityInterest | -54.31K | 154.24K | 127.53K | 0.00 |
| StockholdersEquity | 15.32M | 28.25M | 4.99M | 3.55M |
| TreasuryStock | 631.97K | 0.00 | ||
| RetainedEarnings | -60.92M | -15.19M | -35.80M | -35.12M |
| AdditionalPaidInCapital | 76.84M | 43.42M | 40.78M | 38.66M |
| CapitalStock | 20.43K | 14.40K | 14.12K | 12.32K |
| CommonStock | 20.43K | 14.40K | 14.12K | 12.06K |
| PreferredStock | 0.00 | 260.00 | ||
| TotalLiabilitiesNetMinorityInterest | 8.71M | 13.52M | 28.89M | 15.95M |
| TotalNonCurrentLiabilitiesNetMinorityInterest | 2.65M | 816.80K | 5.42M | 5.95M |
| LongTermDebtAndCapitalLeaseObligation | 2.65M | 816.80K | 5.42M | 5.95M |
| LongTermCapitalLeaseObligation | 319.23K | 356.28K | 399.41K | 438.90K |
| LongTermDebt | 2.34M | 460.52K | 5.02M | 5.51M |
| CurrentLiabilities | 6.06M | 12.71M | 23.46M | 10.00M |
| OtherCurrentLiabilities | 13.02M | |||
| CurrentDeferredLiabilities | 0.00 | 20.00K | 243.11K | 276.25K |
| CurrentDeferredRevenue | 0.00 | 20.00K | 243.11K | 276.25K |
| CurrentDebtAndCapitalLeaseObligation | 1.94M | 4.63M | 2.69M | 1.73M |
| CurrentCapitalLeaseObligation | 248.07K | 43.14K | 39.49K | 49.35K |
| CurrentDebt | 1.69M | 4.58M | 2.65M | 1.68M |
| OtherCurrentBorrowings | 1.69M | 4.58M | 2.65M | 126.42K |
| LineOfCredit | 0.00 | |||
| CurrentNotesPayable | 1.11M | 1.55M | ||
| PayablesAndAccruedExpenses | 4.12M | 8.06M | 7.51M | 7.99M |
| Payables | 4.12M | 8.06M | 7.51M | 7.99M |
| DuetoRelatedPartiesCurrent | 192.84K | 1.05M | 1.73M | |
| TotalTaxPayable | 0.00 | 570.00K | 0.00 | |
| IncomeTaxPayable | 0.00 | 570.00K | 0.00 | |
| AccountsPayable | 3.93M | 6.44M | 5.78M | 7.99M |
| TotalAssets | 23.98M | 41.93M | 34.00M | 19.50M |
| TotalNonCurrentAssets | 6.11M | 8.56M | 6.44M | 5.61M |
| NonCurrentDeferredAssets | 0.00 | 2.83M | 0.00 | |
| NonCurrentDeferredTaxesAssets | 0.00 | 2.83M | 0.00 | |
| NonCurrentNoteReceivables | 176.85K | 176.85K | 176.85K | 176.85K |
| InvestmentsAndAdvances | 0.00 | 464.41K | 354.21K | 443.29K |
| LongTermEquityInvestment | 0.00 | 464.41K | 354.21K | 443.29K |
| InvestmentsinAssociatesatCost | 0.00 | 464.41K | 354.21K | 443.29K |
| GoodwillAndOtherIntangibleAssets | 4.77M | 4.33M | 4.83M | 4.30M |
| OtherIntangibleAssets | 1.47M | 2.67M | 3.17M | 3.43M |
| Goodwill | 3.30M | 1.67M | 1.67M | 866.78K |
| NetPPE | 1.16M | 749.71K | 1.07M | 687.12K |
| AccumulatedDepreciation | -1.02M | -727.20K | -445.67K | -165.79K |
| GrossPPE | 2.17M | 1.48M | 1.52M | 852.90K |
| Leases | 306.31K | 0.00 | 0.00 | |
| OtherProperties | 564.78K | 387.87K | 431.35K | 486.67K |
| MachineryFurnitureEquipment | 1.30M | 1.09M | 1.09M | 366.24K |
| Properties | 0.00 | 0.00 | 0.00 | |
| CurrentAssets | 17.87M | 33.37M | 27.56M | 13.89M |
| OtherCurrentAssets | 298.36K | 161.93K | 111.52K | |
| RestrictedCash | 1.00M | 0.00 | ||
| PrepaidAssets | 111.52K | 0.00 | ||
| Inventory | 1.78M | 9.05M | 11.19M | 4.36M |
| Receivables | 3.00M | 9.54M | 9.23M | 3.25M |
| DuefromRelatedPartiesCurrent | 0.00 | |||
| AccountsReceivable | 3.00M | 9.54M | 9.23M | 3.25M |
| AllowanceForDoubtfulAccountsReceivable | 0.00 | -17.52K | -17.52K | -137.22K |
| GrossAccountsReceivable | 3.00M | 9.55M | 9.25M | 3.39M |
| CashCashEquivalentsAndShortTermInvestments | 11.79M | 14.62M | 7.04M | 6.28M |
| CashAndCashEquivalents | 11.79M | 14.62M | 7.04M | 6.28M |
| CashFinancial | 11.79M | 14.62M | 7.04M | 6.28M |
| Line Item | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| FreeCashFlow | -21.83M | 10.01M | 94.69K | -15.34M |
| RepurchaseOfCapitalStock | -631.97K | 0.00 | 0.00 | |
| RepaymentOfDebt | -1.54M | -2.63M | -5.24M | -6.33M |
| IssuanceOfDebt | 0.00 | 6.70M | 8.52M | |
| IssuanceOfCapitalStock | 17.25M | 0.00 | 473.00 | 21.30M |
| CapitalExpenditure | -518.19K | -281.30K | -698.58K | -51.41K |
| InterestPaidSupplementalData | 470.21K | 222.33K | 523.00K | 866.68K |
| IncomeTaxPaidSupplementalData | 0.00 | 0.00 | 0.00 | 0.00 |
| EndCashPosition | 12.79M | 14.62M | 7.04M | 6.28M |
| BeginningCashPosition | 14.62M | 7.04M | 6.28M | 674.00K |
| ChangesInCash | -1.83M | 7.59M | 752.16K | 5.61M |
| FinancingCashFlow | 22.48M | -2.42M | 1.46M | 21.27M |
| CashFlowFromContinuingFinancingActivities | 22.48M | -2.42M | 1.46M | 21.27M |
| NetOtherFinancingCharges | -1.40M | -2.22M | ||
| ProceedsFromStockOptionExercised | 8.80M | 207.24K | 473.00 | |
| NetCommonStockIssuance | 16.62M | 0.00 | 473.00 | 21.30M |
| CommonStockPayments | -631.97K | 0.00 | 0.00 | |
| CommonStockIssuance | 17.25M | 0.00 | 473.00 | 21.30M |
| NetIssuancePaymentsOfDebt | -1.54M | -2.63M | 1.46M | 2.20M |
| NetLongTermDebtIssuance | -1.54M | -2.63M | 1.46M | 2.20M |
| LongTermDebtPayments | -1.54M | -2.63M | -5.24M | -6.33M |
| LongTermDebtIssuance | 0.00 | 6.70M | 8.52M | |
| InvestingCashFlow | -3.00M | -281.30K | -1.50M | -376.72K |
| CashFlowFromContinuingInvestingActivities | -3.00M | -281.30K | -1.50M | -376.72K |
| NetInvestmentPurchaseAndSale | 13.61K | 0.00 | ||
| SaleOfInvestment | 10.17M | 0.00 | ||
| PurchaseOfInvestment | -10.16M | 0.00 | ||
| NetBusinessPurchaseAndSale | -2.50M | 0.00 | -800.00K | -325.32K |
| PurchaseOfBusiness | -2.50M | 0.00 | -800.00K | -325.32K |
| NetIntangiblesPurchaseAndSale | 0.00 | -300.00K | 0.00 | |
| PurchaseOfIntangibles | 0.00 | -300.00K | 0.00 | |
| NetPPEPurchaseAndSale | -518.19K | 0.00 | -11.40K | -51.41K |
| PurchaseOfPPE | -518.19K | 0.00 | -11.40K | -51.41K |
| CapitalExpenditureReported | 0.00 | -281.30K | -387.18K | 0.00 |
| OperatingCashFlow | -21.31M | 10.29M | 793.27K | -15.29M |
| CashFlowFromContinuingOperatingActivities | -21.31M | 10.29M | 793.27K | -15.29M |
| ChangeInWorkingCapital | 13.19M | -13.88M | 178.75K | -2.68M |
| ChangeInOtherWorkingCapital | 2.81M | -3.06M | -33.14K | -167.05K |
| ChangeInOtherCurrentLiabilities | 148.66K | -13.06M | 12.97M | -153.58K |
| ChangeInOtherCurrentAssets | 0.00 | 61.46K | ||
| ChangeInPayablesAndAccruedExpense | -3.44M | 544.25K | 154.24K | 4.81M |
| ChangeInAccruedExpense | 570.00K | 0.00 | ||
| ChangeInPayable | -3.44M | 544.25K | 154.24K | 4.81M |
| ChangeInAccountPayable | -2.87M | -25.75K | 154.24K | 4.81M |
| ChangeInTaxPayable | -570.00K | 570.00K | ||
| ChangeInIncomeTaxPayable | -570.00K | 570.00K | ||
| ChangeInPrepaidAssets | -136.43K | -50.41K | -111.52K | 5.61K |
| ChangeInInventory | 7.27M | 2.14M | -6.88M | -4.26M |
| ChangeInReceivables | 6.54M | -395.72K | -5.92M | -2.99M |
| ChangesInAccountReceivables | 6.54M | -395.72K | -5.92M | -3.09M |
| OtherNonCashItems | 146.83K | 1.29M | -305.24K | 2.23M |
| StockBasedCompensation | 8.36M | 566.71K | 0.00 | 3.58K |
| ProvisionandWriteOffofAssets | 0.00 | 51.72K | 0.00 | |
| AssetImpairmentCharge | 1.68M | 90.01K | -59.48K | 24.84K |
| DepreciationAmortizationDepletion | 1.29M | 1.11M | 988.70K | 917.47K |
| DepreciationAndAmortization | 1.29M | 1.11M | 988.70K | 917.47K |
| AmortizationCashFlow | 222.83K | 129.06K | 653.51K | |
| AmortizationOfIntangibles | 222.83K | 129.06K | 653.51K | |
| Depreciation | 1.07M | 978.52K | 335.19K | 917.47K |
| OperatingGainsLosses | -47.48K | 466.42K | 492.05K | -2.25M |
| EarningsLossesFromEquityInvestments | -33.86K | -110.20K | 89.08K | -28.68K |
| GainLossOnInvestmentSecurities | -13.61K | 576.62K | 402.97K | 42.77K |
| GainLossOnSaleOfPPE | -371.66K | |||
| GainLossOnSaleOfBusiness | 0.00 | -1.90M | ||
| NetIncomeFromContinuingOperations | -45.94M | 20.64M | -553.23K | -13.53M |
SEC Filings
Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.
Public Trades for SURG
| Date | User | Asset | Broker | Type | Position Size | Entry Price | Patterns |
|---|