SUNation Energy, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Contracts in Progress

12 Months Ended

Dec. 31, 2024

NOTE 4 – CONTRACTS IN PROGRESS

Billings in excess of costs and estimated earnings as of December 31, 2024 and 2023 are as follows:


	Year Ended December 31
	2024		2023

Billings to date	$	3,055,354	$	2,131,579

Costs incurred on uncompleted contracts		1,120,213		1,208,444
Estimated earnings		1,490,831		483,046
Cost plus estimated earnings		2,611,044		1,691,490

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	444,310	$	440,089

Costs and estimated earnings in excess of billings as of December 31, 2024 and 2023 are as follows:


	Year Ended December 31
	2024		2023

Costs incurred on uncompleted contracts	$	1,233,151	$	119,782
Estimated earnings		1,219,234		396,174
		2,452,385		515,956
Billings to date		1,891,737		458,715
Costs and estimated earnings in excess of billings on uncompleted contracts	$	560,648	$	57,241