Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 14

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 14
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,146Accounts payable  355,508   83,081Accrued compensation and benefits  (563,333)   500,373Customer deposits  (242,190)   (2,172,766)Other accrued liabilities  1,430,109   (4,494,247)Accrued interest  (1,653,762)   (1,085,174)Net cash used in operating activities - continuing operations  (6,302,686)   (385,566)Net cash used in operating activities - discontinued operations  —   (281,611)Net cash used in operating activities  (6,302,686)   (667,177)CASH FLOWS FROM INVESTING ACTIVITIES:     Capital expenditures  (32,785)   (655,691)Proceeds from the sale of fixed assets  6,118   450Proceeds from the sale of investments  —   2,869,584Proceeds from earnout consideration payments  —   250,000Net cash provided by (used in) investing activities - continuing operations  (26,667)   2,464,343Net cash provided by investing activities - discontinued operations  —   1,102,935Net cash (used in) provided by investing activities  (26,667)   3,567,278CASH FLOWS FROM FINANCING ACTIVITIES:     Proceeds from loans payable  1,604,000   7,814,844Payments against loans payable  (1,595,364)   (7,277,334)Payments related to debt issuance costs  (24,150)   (348,065)Payments related to equity issuance costs  (501,414)   —Proceeds from the issuance of common stock under registered direct offering  1,000,000   —Proceeds from the issuance of common stock under at-the-market offering  2,457,352   —Proceeds from the issuance of Series B preferred stock  15   —Payments for contingent value rights distributions  (856,736)   (3,036,676)

 57

Proceeds from issuance of common stock, net of shares withheld  9,775   125,398Cash in lieu payment on fractional shares under reverse stock split  (3,022)   —Purchase of common stock  (6,098)   (38,403)Net cash provided