Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 6

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 6
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         credit losses of $240,817 and $94,085, respectively  4,881,094   5,010,818Inventories, net  2,707,643   3,578,668Related party receivables  23,471   46,448Prepaid expenses  1,587,464   1,313,082Costs and estimated earnings in excess of billings  560,648   57,241Other current assets  198,717   376,048TOTAL CURRENT ASSETS  11,110,385   15,778,648      PROPERTY, PLANT AND EQUIPMENT, net   1,238,898   1,511,878OTHER ASSETS:     Goodwill  17,443,869   20,545,850Right of use assets  3,686,747   4,516,102Intangible assets, net  12,220,833   15,808,333Other assets  12,000   12,000TOTAL OTHER ASSETS  33,363,449   40,882,285TOTAL ASSETS$ 45,712,732 $ 58,172,811LIABILITIES AND STOCKHOLDERS' EQUITY     CURRENT LIABILITIES:     Accounts payable$ 8,032,769 $ 7,677,261Accrued compensation and benefits  796,815   1,360,148Operating lease liabilities  321,860   394,042Accrued warranty  350,013   268,004Other current liabilities  1,055,995   867,727Accrued loss contingencies  1,300,000   —Income taxes payable  5,071   5,373Refundable customer deposits  1,870,173   2,112,363Billings in excess of costs and estimated earnings  444,310   440,089Contingent value rights  312,080   1,691,072Earnout consideration  2,500,000   2,500,000Current portion of loans payable  3,139,113   1,654,881Current portion of loans payable - related party  6,951,563   3,402,522Embedded derivative liability  82,281   —TOTAL CURRENT LIABILITIES