Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 19

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 19
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 the Reverse Stock Splits The impact of the Reverse Stock Splits was applied retroactively for all periods presented in accordance with applicable guidance. Therefore, prior period amounts are different than those previously reported. The following table illustrates changes in common stock (in number of shares and dollar amount) and additional paid-in-capital, as previously reported prior to, and as adjusted subsequent to, the impact of the Reverse Stock Splits retroactively adjusted for the periods presented:                              

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   December 31, 2022  December 31, 2023   As Previously Reported  Impact of Reverse Stock Split  As Adjusted  As Previously Reported  Impact of Reverse Stock Split  As AdjustedCommon Stock shares   9,915,586   (9,902,365)   13,221   10,246,605   (10,232,942)   13,663Common Stock amount $ 495,779 $ (495,118) $ 661 $ 512,330 $ (511,647) $ 683Additional Paid-in-Capital $ 45,798,069 $ 495,118 $ 46,293,187 $ 46,977,870 $ 511,647 $ 47,489,517   The following table illustrates changes in loss per share and weighted average shares outstanding, as previously reported prior to, and as adjusted subsequent to, the impact of the Reverse Stock Splits retroactively adjusted for the periods presented:               Year Ended December 31, 2023   As Previously Reported  Impact of Reverse Stock Split  As AdjustedWeighted average shares outstanding - basic and diluted   10,035,970   (10,022,672)   13,298Loss per share from continuing operations - basic and diluted $ (0.69) $ (521.20) $ (521.89)Loss per share from discontinued operations - basic and diluted $ (0.12) $ (89.54) $ (89.66)  NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company and its wholly owned operating subsidiaries. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Update (“ASU”) of the Financial Accounting Standards Board (“FAS