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, 2017

Cash Equivalents And Investments [Abstract]

NOTE 2 –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, 2017 and December 31, 2016:



December 31, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	6,193,000	$	-	$	-	$	6,193,000	$	6,193,000	$	-	$	-
Subtotal		6,193,000		-		-		6,193,000		6,193,000		-		-

Investments:
Commercial Paper		997,000		-		-		997,000		-		997,000		-
Corporate Notes/Bonds		4,545,000		-		(1,000)		4,544,000		-		4,544,000		-
Subtotal		5,542,000		-		(1,000)		5,541,000		-		5,541,000		-


Total	$	11,735,000	$	-	$	(1,000)	$	11,734,000	$	6,193,000	$	5,541,000	$	-



December 31, 2016
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	3,851,000	$	-	$	-	$	3,851,000	$	3,851,000	$	-	$	-
Subtotal		3,851,000		-		-		3,851,000		3,851,000		-		-

Investments:
Certificates of deposit		4,291,000		4,000		(1,000)		4,294,000		-		4,294,000		-
Corporate Notes/Bonds		1,511,000		-		-		1,511,000		-		1,511,000		-
Subtotal		5,802,000		4,000		(1,000)		5,805,000		-		5,805,000		-


Total	$	9,653,000	$	4,000	$	(1,000)	$	9,656,000	$	3,851,000	$	5,805,000	$	-

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, 2017 were in a continuous unrealized loss position for less than twelve months and are not deemed to be other than temporarily impaired as of December 31, 2017.

The following table summarizes the estimated fair value of our investments, designated as available-for-sale and classified by the contractual maturity date of the securities as of December 31, 2017:



	Amortized Cost		Estimated Market Value

Due within one year	$	5,542,000	$	5,541,000
Due after one year through five years		0		0
	$	5,542,000	$	5,541,000

The Company did not recognize any gross realized gains or gross realized losses during the years ending December 31, 2017 and 2016, respectively. If the Company had realized gains or losses, they would be included within investment and other income in the accompanying consolidated statements of loss.