Company: SUNE
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0000022701-25-000002
Chunk: 59

Company: SUNation Energy, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 59
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 pricing interpolated from recent trades of similar securities, or priced with models using highly observable inputs, such as commodity options priced using observable forward prices and volatilities. Level 3 – Significant inputs to pricing that have little or no observability as of the reporting date. The types of assets and liabilities included in Level 3 are those with inputs requiring significant management judgment or estimation, such as the complex and subjective models and forecasts used to determine the fair value of financial instruments.  

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 Financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023 are summarized below.                           December 31, 2024 Level 1 Level 2 Level 3 Total Fair ValueCash equivalents:           Money Market funds$ 368,138 $ — $ — $ 368,138Subtotal  368,138   —   —   368,138            Liabilities:           Contingent value rights  —   —   (312,080)   (312,080)Embedded derivative liability  —   —   (82,281)   (82,281)Earnout consideration  —   (2,500,000)   —   (2,500,000)Subtotal  —   (2,500,000)   (394,361)   (2,894,361)            Total$ 368,138 $ (2,500,000) $ (394,361) $ (2,526,223)                            December 31, 2023 Level 1 Level 2 Level 3 Total Fair ValueCash equivalents:           Money Market funds$ 1,799,357 $ — $ — $ 1,799,357Subtotal  1,799,357   —   —   1,799,357            Liabilities:           Contingent value rights  —   —   (1,691,072)   (1,691,072)Earnout consideration  —   —   (3,500,000)   (3,500,000)Subtotal  —   —   (5,191,072)   (5,191,072)            Total$ 1,799,357 $ — $ (5,191,072) $ (3,391,715) The following tables present reconciliations of recurring fair value remeasurements that use significant unobservable inputs (Level 3):                  Year Ended December 31, 2024 Conting