Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 8

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 8
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ATION ENERGY, INC.CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS       Year Ended December 31  2024  2023      Sales$ 56,861,753 $ 79,632,709Cost of sales  36,435,509   51,936,519Gross profit  20,426,244   27,696,190Operating expenses:     Selling, general and administrative expenses  27,054,166   29,074,578Amortization expense  2,837,500   4,738,477Fair value remeasurement of SUNation earnout consideration  (1,000,000)   1,350,000Goodwill impairment loss  3,101,981   —Intangible asset impairment loss  750,000   —Total operating expenses  32,743,647   35,163,055Operating loss from continuing operations  (12,317,403)   (7,466,865)Other (expense) income:     Investment and other income  144,529   191,584(Loss) gain on sale of assets  (822)   437,116Fair 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   2,674,966Interest expense  (3,087,450)   (2,657,517)Loss on debt extinguishment  (35,657)   —Other (expense) income, net  (3,497,583)   646,149Operating loss from continuing operations before income taxes  (15,814,986)   (6,820,716)Income tax expense  34,819   119,176Net loss from continuing operations  (15,849,805)   (6,939,892)Net loss from discontinued operations, net of tax  —   (1,192,275)Net loss  (15,849,805)   (8,132,167)Other comprehensive income (loss), net of tax:     Unrealized gains (losses) on available-for-sale securities  —   10,422Total other comprehensive income (loss)  —   10,422Comprehensive loss$ (15,849,805) $ (8,