Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 58

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 58
---
1,350,000   1,350,000Total operating expenses   17,540,626   7,473,385   10,149,044   35,163,055Operating (loss) income   1,830,183   851,996   (10,149,044)   (7,466,865)Other income (expenses):            Investment and other income   35,633   9,773   146,178   191,584(Loss) gain on sale of assets   —   (5,279)   442,395   437,116Fair value remeasurement of contingent value rights   —   —   2,674,966   2,674,966Interest expense   (74,077)   —   (2,583,440)   (2,657,517)Other expense, net   (38,443)   4,494   680,099   646,149Operating loss from continuing operations before income taxes $ 1,791,740 $ 856,490 $ (9,468,945) $ (6,820,716)             Depreciation and amortization $ 1,676,842 $ 2,105,685 $ 1,353,893 $ 5,136,420             Capital expenditures $ 473,236 $ 173,080 $ 9,375 $ 655,691             Assets $ 28,738,285 $ 26,097,414 $ 3,337,112 $ 58,172,811     NOTE 15 – FAIR VALUE MEASUREMENTS  Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Assets and liabilities measured at fair value are classified using the following hierarchy, which is based upon the transparency of inputs to the valuation as of the measurement date:  Level 1 – Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets that the Company has the ability to access at the measurement date.  Level 2 – Observable inputs such as quoted prices for similar instruments and quoted prices in markets that are not active, and inputs that are directly observable or can be corroborated by observable market data. The types of assets and liabilities included in Level 2 are typically either comparable to actively traded securities or contracts, such as treasury securities with