Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.25.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Information [Abstract]  
Schedule of Segment Information

Corporate and

SUNation

HEC

Other

Total

Three Months Ended March 31, 2025

Sales

$

9,544,554

$

3,092,084

$

$

12,636,638

Cost of sales

5,871,972

2,333,341

8,205,313

Gross profit

3,672,582

758,743

4,431,325

Operating expenses:

Selling, general and administrative expenses

3,847,500

976,674

1,215,124

6,039,298

Amortization expense

203,125

356,250

559,375

Total operating expenses

4,050,625

1,332,924

1,215,124

6,598,673

Operating loss

(378,043)

(574,181)

(1,215,124)

(2,167,348)

Other income (expenses):

Investment and other income

7,525

7,276

33,364

48,165

Fair value remeasurement of contingent forward contract

109,492

109,492

Fair value remeasurement of contingent value rights

19,179

19,179

Financing fees

(576,594)

(576,594)

Interest expense

(15,857)

(555,383)

(571,240)

Loss on debt extinguishment

(343,471)

(343,471)

Other (expense) income, net

(8,332)

7,276

(1,313,413)

(1,314,469)

Net loss before income taxes

$

(386,375)

$

(566,905)

$

(2,528,537)

$

(3,481,817)

Depreciation and amortization

$

251,050

$

376,265

$

$

627,315

Assets

$

25,302,335

$

17,320,441

$

1,804,896

$

44,427,672

Corporate and

SUNation

HEC

Other

Total

Three Months Ended March 31, 2024

Sales

$

9,752,970

$

3,466,227

$

$

13,219,197

Cost of sales

5,801,760

2,611,989

8,413,749

Gross profit

3,951,210

854,238

4,805,448

Operating expenses:

Selling, general and administrative expenses

3,872,455

1,002,052

1,754,520

6,629,027

Amortization expense

203,125

506,250

709,375

Fair value remeasurement of SUNation earnout consideration

(350,000)

(350,000)

Total operating expenses

4,075,580

1,508,302

1,404,520

6,988,402

Operating loss

(124,370)

(654,064)

(1,404,520)

(2,182,954)

Other income (expenses):

Investment and other income

4,657

1,807

39,377

45,841

(Loss) gain on sale of assets

6,118

6,118

Fair value remeasurement of warrant liability

3,728,593

3,728,593

Fair value remeasurement of contingent value rights

376,085

376,085

Interest expense

(22,262)

(742,608)

(764,870)

Other (expense) income, net

(17,605)

7,925

3,401,447

3,391,767

Net (loss) income before income taxes

$

(141,975)

$

(646,139)

$

1,996,927

$

1,208,813

Depreciation and amortization

$

270,603

$

530,421

$

768

$

801,792

Capital expenditures

$

$

5,594

$

$

5,594

Assets

$

27,568,483

$

23,575,775

$

3,510,099

$

54,654,357