Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 7

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 7
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 27,162,043   22,373,482LONG TERM LIABILITIES:     Loans payable and related interest  6,531,650   8,030,562Loans payable and related interest - related party  —   2,097,194Deferred income taxes  —   41,579Operating lease liabilities  3,471,623   4,193,205Earnout consideration  —   1,000,000TOTAL LONG-TERM LIABILITIES  10,003,273   15,362,540COMMITMENTS AND CONTINGENCIES  (Note 9)     STOCKHOLDERS' EQUITY      Series A Convertible preferred stock, par value $1.00 per share;    3,000,000 shares authorized; no and 28,000 shares issued and outstanding, respectively  —   28,000

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Series B preferred stock, par value $1.00 per share;    3,000,000 shares authorized; no shares issued and outstanding, respectively  —   —Series C preferred stock, par value $1.00 per share;    35,000 shares authorized; no shares issued and outstanding, respectively  —   —Common stock, par value $0.05 per share; 25,000,000 shares authorized;         1,868,638 and 13,663 shares issued and outstanding, respectively(1)  93,432   683Additional paid-in capital(1)  51,353,030   47,489,517Accumulated deficit  (42,899,046)   (27,081,411)TOTAL STOCKHOLDERS' EQUITY (DEFICIT)  8,547,416   20,436,789TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 45,712,732 $ 58,172,811      (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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