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

Registration of securities issued in business combination transactions

NOTE 11 ??? SEGMENT INFORMATION (Tables)

NOTE 11 – SEGMENT INFORMATION (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Segment Reporting [Abstract]

Schedule of Segment Information

Information concerning the Company’s continuing operations in its S&S segment for the three and nine month periods ended September 30, 2021 and 2020 are as follows:

Schedule of Segment Information


	Services &				Intercompany
	Support		Other		Eliminations		Total
Three Months Ended September 30, 2021
Sales	$	1,947,000	$	—	$	(119,000)	$	1,828,000
Cost of sales		1,113,000		—		—		1,113,000
Gross profit		834,000		—		(119,000)		715,000
Selling, general and
administrative expenses		669,000		1,138,000		(119,000)		1,688,000
Amortization expense		110,000		—		—		110,000
Transaction costs		—		543,000		—		543,000
Restructuring expense		—		242,000		—		242,000
Operating income (loss)		55,000		(1,923,000)		—		(1,868,000)
Other income		4,000		66,000		—		70,000
Income (loss) before income tax	$	59,000	$	(1,857,000)	$	—	$	(1,798,000)

Depreciation and amortization	$	133,000	$	72,000	$	—	$	205,000

Capital expenditures	$	5,000	$	9,000	$	—	$	14,000

Assets	$	6,776,000	$	50,213,000	$	(27,000)	$	56,962,000



	Services &				Intercompany
	Support		Other		Eliminations		Total
Three Months Ended September 30, 2020
Sales	$	3,530,000	$	—	$	(176,000)	$	3,354,000
Cost of sales		2,190,000		—		(9,000)		2,181,000
Gross profit		1,340,000		—		(167,000)		1,173,000
Selling, general and
administrative expenses		803,000		1,324,000		(167,000)		1,960,000
Amortization expense		106,000		—		—		106,000
Transaction costs		—		72,000		—		72,000
Operating income (loss)		431,000		(1,396,000)		—		(965,000)
Other income		—		275,000		—		275,000
Income (loss) before income tax	$	431,000	$	(1,121,000)	$	—	$	(690,000)

Depreciation and amortization	$	146,000	$	128,000	$	—	$	274,000

Capital expenditures	$	—	$	79,000	$	—	$	79,000

Assets	$	8,334,000	$	47,410,000	$	(27,000)	$	55,717,000


	Services &				Intercompany
	Support		Other		Eliminations		Total
Nine Months Ended September 30, 2021
Sales	$	5,719,000	$	—	$	(406,000)	$	5,313,000
Cost of sales		3,459,000		—		—		3,459,000
Gross profit		2,260,000		—		(406,000)		1,854,000
Selling, general and
administrative expenses		2,290,000		3,683,000		(406,000)		5,567,000
Amortization expense		346,000		—		—		346,000
Transaction costs		—		2,471,000		—		2,471,000
Restructuring expense		—		242,000		—		242,000
Operating loss		(376,000)		(5,780,000)		—		(6,156,000)
Other income (expense)		20,000		(186,000)		—		(166,000)
Loss before income tax	$	(356,000)	$	(5,966,000)	$	—	$	(6,322,000)

Depreciation and amortization	$	426,000	$	218,000	$	—	$	644,000

Capital expenditures	$	11,000	$	9,000	$	—	$	20,000



	Services &				Intercompany
	Support		Other		Eliminations		Total
Nine Months Ended September 30, 2020
Sales	$	5,882,000	$	—	$	(561,000)	$	5,321,000
Cost of sales		3,792,000		—		(36,000)		3,756,000
Gross profit		2,090,000		—		(525,000)		1,565,000
Selling, general and
administrative expenses		1,614,000		3,928,000		(525,000)		5,017,000
Amortization expense		106,000		—		—		106,000
Transaction costs		—		486,000		—		486,000
Operating income (loss)		370,000		(4,414,000)		—		(4,044,000)
Other income		—		948,000		—		948,000
Income (loss) before income tax	$	370,000	$	(3,466,000)	$	—	$	(3,096,000)

Depreciation and amortization	$	178,000	$	443,000	$	—	$	621,000

Capital expenditures	$	1,000	$	100,000	$	—	$	101,000

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