Schedule of Segment Information |
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Corporate and |
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SUNation |
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HEC |
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Other |
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Total |
Three Months Ended March 31, 2025 |
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Sales |
$ |
9,544,554 |
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$ |
3,092,084 |
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$ |
— |
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$ |
12,636,638 |
Cost of sales |
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5,871,972 |
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2,333,341 |
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— |
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8,205,313 |
Gross profit |
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3,672,582 |
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|
758,743 |
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— |
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4,431,325 |
Operating expenses: |
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Selling, general and administrative expenses |
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3,847,500 |
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976,674 |
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1,215,124 |
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6,039,298 |
Amortization expense |
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203,125 |
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356,250 |
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— |
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559,375 |
Total operating expenses |
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4,050,625 |
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1,332,924 |
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1,215,124 |
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6,598,673 |
Operating loss |
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(378,043) |
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(574,181) |
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(1,215,124) |
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(2,167,348) |
Other income (expenses): |
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Investment and other income |
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7,525 |
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7,276 |
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33,364 |
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48,165 |
Fair value remeasurement of contingent forward contract |
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— |
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— |
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109,492 |
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109,492 |
Fair value remeasurement of contingent value rights |
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— |
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— |
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19,179 |
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|
19,179 |
Financing fees |
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— |
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— |
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(576,594) |
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(576,594) |
Interest expense |
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(15,857) |
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— |
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(555,383) |
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(571,240) |
Loss on debt extinguishment |
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— |
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— |
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(343,471) |
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(343,471) |
Other (expense) income, net |
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(8,332) |
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7,276 |
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(1,313,413) |
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(1,314,469) |
Net loss before income taxes |
$ |
(386,375) |
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$ |
(566,905) |
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$ |
(2,528,537) |
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$ |
(3,481,817) |
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Depreciation and amortization |
$ |
251,050 |
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$ |
376,265 |
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$ |
— |
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$ |
627,315 |
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Assets |
$ |
25,302,335 |
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$ |
17,320,441 |
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$ |
1,804,896 |
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$ |
44,427,672 |
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Corporate and |
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SUNation |
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HEC |
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Other |
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Total |
Three Months Ended March 31, 2024 |
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Sales |
$ |
9,752,970 |
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$ |
3,466,227 |
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$ |
— |
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$ |
13,219,197 |
Cost of sales |
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5,801,760 |
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2,611,989 |
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— |
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8,413,749 |
Gross profit |
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3,951,210 |
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|
854,238 |
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— |
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|
4,805,448 |
Operating expenses: |
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Selling, general and administrative expenses |
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3,872,455 |
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1,002,052 |
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1,754,520 |
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6,629,027 |
Amortization expense |
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203,125 |
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506,250 |
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— |
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709,375 |
Fair value remeasurement of SUNation earnout consideration |
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— |
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— |
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(350,000) |
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(350,000) |
Total operating expenses |
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4,075,580 |
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1,508,302 |
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1,404,520 |
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6,988,402 |
Operating loss |
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(124,370) |
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(654,064) |
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(1,404,520) |
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(2,182,954) |
Other income (expenses): |
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Investment and other income |
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4,657 |
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1,807 |
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39,377 |
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45,841 |
(Loss) gain on sale of assets |
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— |
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6,118 |
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— |
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6,118 |
Fair value remeasurement of warrant liability |
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— |
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— |
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3,728,593 |
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3,728,593 |
Fair value remeasurement of contingent value rights |
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— |
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— |
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376,085 |
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376,085 |
Interest expense |
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(22,262) |
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— |
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(742,608) |
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(764,870) |
Other (expense) income, net |
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(17,605) |
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7,925 |
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3,401,447 |
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3,391,767 |
Net (loss) income before income taxes |
$ |
(141,975) |
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$ |
(646,139) |
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$ |
1,996,927 |
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$ |
1,208,813 |
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Depreciation and amortization |
$ |
270,603 |
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$ |
530,421 |
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$ |
768 |
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$ |
801,792 |
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Capital expenditures |
$ |
— |
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$ |
5,594 |
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$ |
— |
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$ |
5,594 |
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Assets |
$ |
27,568,483 |
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$ |
23,575,775 |
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$ |
3,510,099 |
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$ |
54,654,357 |
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