| Schedule of Segment Information |
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Corporate and |
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SUNation NY |
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HEC |
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Other |
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Total |
Three Months Ended June 30, 2026 |
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Sales |
$ |
5,374,665 |
|
$ |
2,787,322 |
|
$ |
— |
|
$ |
8,161,987 |
Cost of sales |
|
3,959,265 |
|
|
2,073,200 |
|
|
— |
|
|
6,032,465 |
Gross profit |
|
1,415,400 |
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|
714,122 |
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— |
|
|
2,129,522 |
Operating expenses: |
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Selling, general and administrative expenses |
|
2,351,425 |
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|
826,553 |
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|
1,005,119 |
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|
4,183,097 |
Amortization expense |
|
203,125 |
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|
356,250 |
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— |
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|
559,375 |
Transaction costs |
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— |
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— |
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|
570,516 |
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|
570,516 |
Total operating expenses |
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2,554,550 |
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|
1,182,803 |
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|
1,575,635 |
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|
5,312,988 |
Operating loss |
|
(1,139,150) |
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|
(468,681) |
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|
(1,575,635) |
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|
(3,183,466) |
Other income (expense): |
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Investment and other income |
|
6,394 |
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|
— |
|
|
7,115 |
|
|
13,509 |
Gain on sale of assets |
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— |
|
|
— |
|
|
1,000 |
|
|
1,000 |
Interest expense |
|
(75,177) |
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— |
|
|
(83,298) |
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|
(158,475) |
Other (expense) income, net |
|
(68,783) |
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— |
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|
(75,183) |
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|
(143,966) |
Net loss before income taxes |
$ |
(1,207,933) |
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$ |
(468,681) |
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$ |
(1,650,818) |
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$ |
(3,327,432) |
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|
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Depreciation and amortization |
$ |
246,727 |
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$ |
375,702 |
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$ |
— |
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$ |
622,429 |
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|
|
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Capital expenditures |
$ |
2,500 |
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$ |
— |
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$ |
— |
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$ |
2,500 |
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Assets |
$ |
22,759,005 |
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$ |
15,225,023 |
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$ |
2,937,773 |
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$ |
40,921,801 |
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Corporate and |
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SUNation NY |
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HEC |
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Other |
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Total |
Three Months Ended June 30, 2025 |
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Sales |
$ |
9,820,849 |
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$ |
3,243,405 |
|
$ |
— |
|
$ |
13,064,254 |
Cost of sales |
|
5,859,827 |
|
|
2,364,910 |
|
|
— |
|
|
8,224,737 |
Gross profit |
|
3,961,022 |
|
|
878,495 |
|
|
— |
|
|
4,839,517 |
Operating expenses: |
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Selling, general and administrative expenses |
|
3,746,504 |
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|
1,021,320 |
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|
1,675,905 |
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|
6,443,729 |
Amortization expense |
|
203,125 |
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|
356,250 |
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— |
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|
559,375 |
Total operating expenses |
|
3,949,629 |
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|
1,377,570 |
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|
1,675,905 |
|
|
7,003,104 |
Operating income (loss) |
|
11,393 |
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|
(499,075) |
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|
(1,675,905) |
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|
(2,163,587) |
Other income (expense): |
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Investment and other income |
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— |
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— |
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|
27,661 |
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|
27,661 |
Fair value remeasurement of warrant liability |
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— |
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— |
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|
(7,531,044) |
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|
(7,531,044) |
Fair value remeasurement of contingent forward contract |
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— |
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— |
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|
789,588 |
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|
789,588 |
Fair value remeasurement of contingent value rights |
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— |
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— |
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|
6,271 |
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|
6,271 |
Financing fees |
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— |
|
|
— |
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|
(559,938) |
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|
(559,938) |
Interest expense |
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— |
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— |
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|
(162,130) |
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|
(162,130) |
Other (expense) income, net |
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— |
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— |
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|
(7,429,592) |
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|
(7,429,592) |
Net loss before income taxes |
$ |
11,393 |
|
$ |
(499,075) |
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$ |
(9,105,497) |
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$ |
(9,593,179) |
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Depreciation and amortization |
$ |
251,048 |
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$ |
374,381 |
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$ |
— |
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$ |
625,429 |
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Capital expenditures |
$ |
— |
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$ |
8,817 |
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$ |
— |
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$ |
8,817 |
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Assets |
$ |
24,140,111 |
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$ |
16,935,705 |
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$ |
3,054,034 |
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$ |
44,129,850 |
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Corporate and |
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|
SUNation NY |
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HEC |
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Other |
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Total |
Six Months Ended June 30, 2026 |
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Sales |
$ |
10,528,508 |
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$ |
4,827,928 |
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$ |
— |
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$ |
15,356,436 |
Cost of sales |
|
7,845,378 |
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3,790,288 |
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— |
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|
11,635,666 |
Gross profit |
|
2,683,130 |
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|
1,037,640 |
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— |
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|
3,720,770 |
Operating expenses: |
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Selling, general and administrative expenses |
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5,148,696 |
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1,613,546 |
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2,782,277 |
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|
9,544,519 |
Amortization expense |
|
406,250 |
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|
712,500 |
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|
— |
|
|
1,118,750 |
Transaction costs |
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— |
|
|
— |
|
|
570,516 |
|
|
570,516 |
Total operating expenses |
|
5,554,946 |
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|
2,326,046 |
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|
3,352,793 |
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|
11,233,785 |
Operating loss |
|
(2,871,816) |
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|
(1,288,406) |
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|
(3,352,793) |
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|
(7,513,015) |
Other income (expense): |
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|
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|
|
|
|
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Investment and other income |
|
— |
|
|
337 |
|
|
61,800 |
|
|
62,137 |
Gain on sale of assets |
|
— |
|
|
— |
|
|
3,700 |
|
|
3,700 |
Interest expense |
|
— |
|
|
— |
|
|
(291,924) |
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|
(291,924) |
Gain on debt extinguishment |
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— |
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— |
|
|
332,412 |
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|
332,412 |
Other income (expense), net |
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— |
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|
337 |
|
|
105,988 |
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|
106,325 |
Net loss before income taxes |
$ |
(2,871,816) |
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$ |
(1,288,069) |
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$ |
(3,246,805) |
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$ |
(7,406,690) |
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Depreciation and amortization |
$ |
493,413 |
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$ |
751,553 |
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$ |
— |
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$ |
1,244,966 |
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|
|
|
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Capital expenditures |
$ |
2,500 |
|
$ |
— |
|
$ |
— |
|
$ |
2,500 |
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Corporate and |
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|
SUNation NY |
|
HEC |
|
Other |
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Total |
Six Months Ended June 30, 2025 |
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Sales |
$ |
19,365,403 |
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$ |
6,335,489 |
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$ |
— |
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$ |
25,700,892 |
Cost of sales |
|
11,731,799 |
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|
4,698,251 |
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— |
|
|
16,430,050 |
Gross profit |
|
7,633,604 |
|
|
1,637,238 |
|
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— |
|
|
9,270,842 |
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
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Selling, general and administrative expenses |
|
7,594,004 |
|
|
1,997,994 |
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|
2,891,029 |
|
|
12,483,027 |
Amortization expense |
|
406,250 |
|
|
712,500 |
|
|
— |
|
|
1,118,750 |
Total operating expenses |
|
8,000,254 |
|
|
2,710,494 |
|
|
2,891,029 |
|
|
13,601,777 |
Operating (loss) income |
|
(366,650) |
|
|
(1,073,256) |
|
|
(2,891,029) |
|
|
(4,330,935) |
Other income (expenses): |
|
|
|
|
|
|
|
|
|
|
|
Investment and other income |
|
— |
|
|
— |
|
|
75,826 |
|
|
75,826 |
Fair value remeasurement of warrant liability |
|
— |
|
|
— |
|
|
(7,531,044) |
|
|
(7,531,044) |
Fair value remeasurement of contingent forward contract |
|
— |
|
|
— |
|
|
899,080 |
|
|
899,080 |
Fair value remeasurement of contingent value rights |
|
— |
|
|
— |
|
|
25,450 |
|
|
25,450 |
Financing fees |
|
— |
|
|
— |
|
|
(1,136,532) |
|
|
(1,136,532) |
Interest expense |
|
— |
|
|
— |
|
|
(733,370) |
|
|
(733,370) |
Loss on debt extinguishment |
|
— |
|
|
— |
|
|
(343,471) |
|
|
(343,471) |
Other (expense) income, net |
|
— |
|
|
— |
|
|
(8,744,061) |
|
|
(8,744,061) |
Net loss before income taxes |
$ |
(366,650) |
|
$ |
(1,073,256) |
|
$ |
(11,635,090) |
|
$ |
(13,074,996) |
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
$ |
502,098 |
|
$ |
750,646 |
|
$ |
— |
|
$ |
1,252,744 |
|
|
|
|
|
|
|
|
|
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|
|
Capital expenditures |
$ |
— |
|
$ |
8,817 |
|
$ |
— |
|
$ |
8,817 |
|