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

Consolidated Statements of Operations

v3.26.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Consolidated Statements of Operations [Abstract]    
Sales $ 71,905,527 $ 56,861,753
Cost of sales 44,361,314 36,435,509
Gross profit 27,544,213 20,426,244
Operating expenses:    
Selling, general and administrative expenses 26,979,750 27,054,166
Amortization expense 2,237,500 2,837,500
Fair value remeasurement of SUNation NY earnout consideration   (1,000,000)
Goodwill impairment loss   3,101,981
Intangible asset impairment loss 0 750,000
Total operating expenses 29,217,250 32,743,647
Operating loss from continuing operations (1,673,037) (12,317,403)
Other (expense) income:    
Investment and other income 106,625 144,529
Loss on sale of assets   (822)
Fair value remeasurement of warrant liability (7,531,044) (974,823)
Fair value remeasurement of embedded derivative liability   (65,617)
Fair value remeasurement of contingent forward contract 899,080  
Fair value remeasurement of contingent value rights 36,079 522,257
Financing fees (1,294,090)  
Interest expense (1,041,835) (3,087,450)
Loss on debt extinguishment (343,471) (35,657)
Other expense, net (9,168,656) (3,497,583)
Net loss before income taxes (10,841,693) (15,814,986)
Income tax expense 51,140 34,819
Net loss (10,892,833) (15,849,805)
Less: Deemed dividend on extinguishment of Convertible Preferred Stock   (4,215,551)
Less: Deemed dividend on modification of PIPE Warrants   (11,447,251)
Less: Deemed contribution on exchange of equity instruments   4,075,681
Net loss attributable to common shareholders $ (10,892,833) $ (27,436,926)
Basic net loss per share [1] $ (4.38) $ (10,110.93)
Diluted net loss per share [1] $ (4.38) $ (10,110.93)
Weighted Average Basic Shares Outstanding [1] 2,489,224 2,714
Weighted Average Dilutive Shares Outstanding [1] 2,489,224 2,714
[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. See Note 1, "Nature of Operations," for further details.