SUNation Energy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cash Equivalents and Investments

Cash Equivalents and Investments

12 Months Ended

Dec. 31, 2019

Cash Equivalents and Investments [Abstract]

NOTE 5 –CASH EQUIVALENTS AND INVESTMENTS

The following tables show the Company’s cash equivalents and available-for-sale securities’ amortized cost, gross unrealized gains, gross unrealized losses and fair value by significant investment category recorded as cash equivalents or short and long term investments as of December 31, 2019 and December 31, 2018:



December 31, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	8,761,000	$	-	$	-	$	8,761,000	$	8,761,000	$	-	$	-
Subtotal	$	8,761,000	$	-	$	-	$	8,761,000	$	8,761,000	$	-	$	-

Investments:
Commercial Paper		8,695,000		-		(1,000)		8,694,000		-		8,694,000		-
Corporate Notes/Bonds		756,000		-		-		756,000		-		756,000		-
Convertible Debt		250,000		-		-		250,000		-		-		250,000
Subtotal		9,701,000		-		(1,000)		9,700,000		-		9,450,000		250,000


Total	$	18,462,000	$	-	$	(1,000)	$	18,461,000	$	8,761,000	$	9,450,000	$	250,000



December 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	8,428,000	$	-	$	-	$	8,428,000	$	8,428,000	$	-	$	-
Total	$	8,428,000	$	-	$	-	$	8,428,000	$	8,428,000	$	-	$	-

The Company tests for other than temporary losses on a quarterly basis and has considered the unrealized losses indicated above to be temporary in nature. The Company intends to hold the investments until it can recover the full principal amount and has the ability to do so based on other sources of liquidity. The Company expects such recoveries to occur prior to the contractual maturities. All unrealized losses as of December 31, 2019 were in a continuous loss position for less than twelve months and are not deemed to be other than temporarily impaired as of December 31, 2019.

The Company did not recognize any gross realized gains or gross realized losses during the years ending December 31, 2019 and 2018, respectively. If the Company had realized gains or losses, they would be included within investment and other income in the accompanying consolidated statements of income (loss).