Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements Of Operations

v3.25.1
Condensed Consolidated Statements Of Operations - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Condensed Consolidated Statements Of Operations [Abstract]    
Sales $ 12,636,638 $ 13,219,197
Cost of sales 8,205,313 8,413,749
Gross profit 4,431,325 4,805,448
Operating expenses:    
Selling, general and administrative expenses 6,039,298 6,629,027
Amortization expense 559,375 709,375
Fair value remeasurement of SUNation earnout consideration   (350,000)
Total operating expenses 6,598,673 6,988,402
Operating loss (2,167,348) (2,182,954)
Other (expense) income:    
Investment and other income 48,165 45,841
Gain on sale of assets   6,118
Fair value remeasurement of warrant liability   3,728,593
Fair value remeasurement of contingent forward contract 109,492  
Fair value remeasurement of contingent value rights 19,179 376,085
Financing fees (576,594)  
Interest expense (571,240) (764,870)
Loss on debt extinguishment (343,471)  
Other (expense) income, net (1,314,469) 3,391,767
Net (loss) income before income taxes (3,481,817) 1,208,813
Income tax expense 14,615 6,162
Net (loss) income (3,496,432) 1,202,651
Deemed dividend on extinguishment of Convertible Preferred Stock   (751,125)
Deemed dividend on modification of PIPE Warrants   (10,571,514)
Net loss attributable to common shareholders $ (3,496,432) $ (10,119,988)
Basic net loss per share: [1] $ (106.71) $ (38,414.84)
Diluted net loss per share: [1] $ (106.71) $ (38,414.84)
Weighted Average Basic Shares Outstanding [1] 32,766 263
Weighted Average Dilutive Shares Outstanding [1] 32,766 263
[1] Prior period results have been adjusted to reflect the reverse stock split of the common stock at a ratio of 1-for-200 that became effective April 21, 2025, the reverse stock split of the common stock at a ratio of 1-for-50 that became effective October 17, 2024 and the reverse stock split of the common stock at a ratio of 1-for-15 that became effective June 12, 2024. See Note 1, "Nature of Operations," for further details.