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

Contracts in Progress

12 Months Ended

Dec. 31, 2022

NOTE 5 – CONTRACTS IN PROGRESS

Billings in excess of costs and estimated earnings as of December 31, 2022 and 2021 are as follows:


	Year Ended December 31
	2022		2021

Billings to date	$	4,208,409	$	—

Costs incurred on uncompleted contracts		1,122,453		—
Estimated earnings		380,547		—
Cost plus estimated earnings		1,503,000		—

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	2,705,409	$	—

Costs and estimated earnings in excess of billings as of December 31, 2022 and 2021 are as follows:


	Year Ended December 31
	2022		2021

Costs incurred on uncompleted contracts	$	931,801	$	—
Estimated earnings		513,648		—
		1,445,449		—
Billings to date		667,964		—
Costs and estimated earnings in excess of billings on uncompleted contracts	$	777,485	$	—