Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 57

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 57
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            Investment and other income   25,920   17,742   100,867   144,529(Loss) gain on sale of assets   —   6,118   (6,940)   (822)Fair value remeasurement of warrant liability   —   —   (974,823)   (974,823)Fair value remeasurement of embedded derivative liability   —   —   (65,617)   (65,617)Fair value remeasurement of contingent value rights   —   —   522,257   522,257Interest expense   (74,507)   —   (3,012,943)   (3,087,450)Loss on debt extinguishment   —   —   (35,657)   (35,657)Other expense, net   (48,587)   23,860   (3,472,856)   (3,497,583)Operating loss from continuing operations before income taxes $ (1,032,863) $ (5,051,423) $ (9,730,700) $ (15,814,986)             Depreciation and amortization $ 1,031,418 $ 2,120,364 $ 2,050 $ 3,153,832             Capital expenditures $ 24,155 $ 8,630 $ — $ 32,785             Assets $ 26,127,816 $ 18,150,306 $ 1,434,610 $ 45,712,732   

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                            Year ended December 31, 2023      Corporate and    SUNation HEC Other Total             Sales $ 52,363,710 $ 27,268,999 $ — $ 79,632,709Cost of sales   32,992,901   18,943,618   —   51,936,519Gross profit   19,370,809   8,325,381   —   27,696,190             Operating expenses:            Selling, general and administrative expenses   16,178,126   5,448,385   7,448,067   29,074,578Amortization expense   1,362,500   2,025,000   1,350,977   4,738,477Fair value remeasurement of SUNation earnout consideration   —   —