SUNation Energy, Inc. Registration of securities issued in business combination transactions

Registration of securities issued in business combination transactions

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Information

Information concerning the Company’s continuing operations in these two segments for the three-month periods ended June 30, 2021 and 2020 are as follows:

Schedule of Segment Information


	Electronics &		Services &				Intersegment
	Software		Support		Other		Eliminations		Total
Three Months Ended June 30, 2021
Sales	$	9,307,000	$	1,833,000	$	—	$	(143,000)	$	10,997,000
Cost of sales		5,204,000		1,185,000		—		—		6,389,000
Gross profit		4,103,000		648,000		—		(143,000)		4,608,000
Selling, general and
administrative expenses		3,592,000		878,000		663,000		(143,000)		4,990,000
Transaction costs		—		—		1,279,000		—		1,279,000
Operating income (loss)		511,000		(230,000)		(1,942,000)		—		(1,661,000)
Other (expense) income		(38,000)		16,000		(257,000)		—		(279,000)
Income (loss) before income tax	$	473,000	$	(214,000)	$	(2,199,000)	$	—	$	(1,940,000)

Depreciation and amortization	$	68,000	$	139,000	$	38,000	$	—	$	245,000

Capital expenditures	$	—	$	1,000	$	—	$	—	$	1,000

Assets	$	14,819,000	$	7,624,000	$	29,581,000	$	(27,000)	$	51,997,000



	Electronics &		Services &				Intersegment
	Software		Support		Other		Eliminations		Total
Three Months Ended June 30, 2020
Sales	$	8,287,000	$	1,525,000	$	—	$	(184,000)	$	9,628,000
Cost of sales		5,192,000		982,000		—		(26,000)		6,148,000
Gross profit		3,095,000		543,000		—		(158,000)		3,480,000
Selling, general and
administrative expenses		3,638,000		483,000		769,000		(158,000)		4,732,000
Transaction costs		—		—		394,000		—		394,000
Operating (loss) income		(543,000)		60,000		(1,163,000)		—		(1,646,000)
Other income		3,000		—		276,000		—		279,000
(Loss) income before income tax	$	(540,000)	$	60,000	$	(887,000)	$	—	$	(1,367,000)

Depreciation and amortization	$	76,000	$	19,000	$	123,000	$	—	$	218,000

Capital expenditures	$	24,000	$	—	$	8,000	$	—	$	32,000

Assets	$	16,825,000	$	6,569,000	$	33,984,000	$	(27,000)	$	57,351,000


	Electronics &		Services &				Intersegment
	Software		Support		Other		Eliminations		Total
Six Months Ended June 30, 2021
Sales	$	17,671,000	$	3,772,000	$	—	$	(287,000)	$	21,156,000
Cost of sales		9,985,000		2,347,000		—		—		12,332,000
Gross profit		7,686,000		1,425,000		—		(287,000)		8,824,000
Selling, general and
administrative expenses		7,200,000		1,857,000		1,391,000		(287,000)		10,161,000
Transaction costs		—		—		2,471,000		—		2,471,000
Operating income (loss)		486,000		(432,000)		(3,862,000)		—		(3,808,000)
Other (expense) income		(57,000)		16,000		(251,000)		—		(292,000)
Income (loss) before income tax	$	429,000	$	(416,000)	$	(4,113,000)	$	—	$	(4,100,000)

Depreciation and amortization	$	135,000	$	293,000	$	77,000	$	—	$	505,000

Capital expenditures	$	4,000	$	6,000	$	—	$	—	$	10,000



	Electronics &		Services &				Intersegment
	Software		Support		Other		Eliminations		Total
Six Months Ended June 30, 2020
Sales	$	16,823,000	$	2,352,000	$	—	$	(384,000)	$	18,791,000
Cost of sales		9,999,000		1,602,000		—		(27,000)		11,574,000
Gross profit		6,824,000		750,000		—		(357,000)		7,217,000
Selling, general and
administrative expenses		7,535,000		811,000		1,683,000		(357,000)		9,672,000
Transaction costs		—		—		415,000		—		415,000
Operating loss		(711,000)		(61,000)		(2,098,000)		—		(2,870,000)
Other income (expense)		17,000		—		673,000		—		690,000
Loss before income tax	$	(694,000)	$	(61,000)	$	(1,425,000)	$	—	$	(2,180,000)

Depreciation and amortization	$	147,000	$	32,000	$	251,000	$	—	$	430,000

Capital expenditures	$	68,000	$	1,000	$	20,000	$	—	$	89,000

Information concerning the Company’s operations in the various segments for the years ended December 31, 2020 and 2019 is as follows:

Schedule of Segment Information

	Electronics &			Services &						Intersegment
	Software			Support			Other			Eliminations			Total
2020
Sales	$	34,496,000		$	8,777,000		$	—		$	(697,000	)	$	42,576,000
Cost of sales		19,606,000			5,798,000			—			(35,000	)		25,36 9,000
Gross profit		14,890,000			2,979,000			—			(662,000	)		17,207,000

Selling, general and administrative expenses		13,875,000			2,669,000			3,337,000			(662,000	)		19,219,000
Acquisition costs		—			—			685,000			—			685,000
Operating income (loss)		1,015,000			310,000			(4,022,000	)		—			(2,697,000	)
Other income (expense)		(10,000	)		(32,000	)		964,000			—			922,000
Income (loss) from continuing operations before tax	$	1,005,000		$	278,000		$	(3,058,000	)	$	—		$	(1,775,000	)

Depreciation and amortization	$	288,000		$	292,000		$	382,000		$	—		$	962,000

Capital expenditures	$	81,000		$	14,000		$	155,000		$	—		$	250,000

Assets	$	15,398,000		$	8,521,000		$	31,664,000		$	(27,000	)	$	55,556,000

	Electronics &			Services &						Intersegment
	Software			Support			Other			Eliminations			Total
2019
Sales	$	47,007,000		$	4,741,000		$	—		$	(842,000	)	$	50,906,000
Cost of sales		25,613,000			3,259,000			—			(152,000	)		28,720,000
Gross profit		21,394,000			1,482,000			—			(690,000	)		22,186,000
Selling, general and administrative expenses		17,354,000			1,485,000			4,028,000			(690,000	)		22,177,000
Operating income (loss)		4,040,000			(3,000	)		(4,028,000	)		—			9,000
Other income (expense)		(7,000	)		(10,000	)		243,000			—			226,000
Income (loss) from continuing operations before tax	$	4,033,000		$	(13,000	)	$	(3,785,000	)	$	—		$	235,000

Depreciation and amortization	$	360,000		$	92,000		$	581,000		$	—		$	1,033,000

Capital expenditures	$	81,000		$	69,000		$	275,000		$	—		$	425,000

Assets	$	19,902,000		$	1,694,000		$	37,582,000		$	(27,000	)	$	59,151,000