Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 13

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 13
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,416                                     (1) Prior period results have been adjusted to reflect the reverse stock split of the common stock at a ratio of 1-for-50 that became effective October 17, 2024 and the reverse stock split of the common stock at a ratio of 1-for-15 that became effective June 12, 2024. See Note 1, "Nature of Operations," for further details.                                     The accompanying notes are an integral part of the consolidated financial statements.                     ‎ 

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          SUNATION ENERGY, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS Year Ended December 31 2024  2023 CASH FLOWS FROM OPERATING ACTIVITIES:     Net loss$ (15,849,805) $ (8,132,167)Net loss from discontinued operations, net of tax  —   (1,192,275)Net loss from continuing operations  (15,849,805)   (6,939,892)Adjustments to reconcile net loss to     net cash (used in) provided by operating activities:     Depreciation and amortization  3,153,832   5,136,420Share based compensation  29,002   1,212,956Deferred taxes  (41,579)   41,579Goodwill impairment loss  3,101,981   —Intangible asset impairment loss  750,000   —Credit loss provision  146,732   —Fair value remeasurement of earnout consideration  (1,000,000)   1,350,000Fair value remeasurement of warrant liability  974,823   —Fair value remeasurement of embedded derivative liability  65,617   —Fair value remeasurement of contingent value rights  (522,257)   (2,674,966)Loss on extinguishment of debt  35,657   —Gain on sale of assets  822   (437,116)Loss on lease termination  215,415   —Interest and accretion expense  3,087,449   2,657,517Changes in assets and liabilities:     Trade and related party accounts receivables  5,969   623,975Inventories, net  853,518   2,475,825Prepaid income taxes  (302)   3,723Other assets  (635,892)   3,333