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

Contracts in Progress

12 Months Ended

Dec. 31, 2023

NOTE 5 – CONTRACTS IN PROGRESS

Billings in excess of costs and estimated earnings as of December 31, 2023 and 2022 are as follows:


	Year Ended December 31
	2023		2022

Billings to date	$	2,131,579	$	4,208,409

Costs incurred on uncompleted contracts		1,208,444		1,122,453
Estimated earnings		483,046		380,547
Cost plus estimated earnings		1,691,490		1,503,000

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	440,089	$	2,705,409

Costs and estimated earnings in excess of billings as of December 31, 2023 and 2022 are as follows:


	Year Ended December 31
	2023		2022

Costs incurred on uncompleted contracts	$	119,782	$	931,801
Estimated earnings		396,174		513,648
		515,956		1,445,449
Billings to date		458,715		667,964
Costs and estimated earnings in excess of billings on uncompleted contracts	$	57,241	$	777,485