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

Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

Consolidated Statements Of Cash Flows (USD $)	12 Months Ended
Consolidated Statements Of Cash Flows (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ 1,961,873us-gaap_NetIncomeLoss	$ (957,888)us-gaap_NetIncomeLoss	$ 2,238,114us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,482,300	2,184,830	2,133,511
Share based compensation	784,785us-gaap_ShareBasedCompensation	(80,886)us-gaap_ShareBasedCompensation	302,964us-gaap_ShareBasedCompensation
Deferred taxes	790,402us-gaap_DeferredIncomeTaxExpenseBenefit	(317,727)us-gaap_DeferredIncomeTaxExpenseBenefit	(631,626)us-gaap_DeferredIncomeTaxExpenseBenefit
Impairment loss		5,849,853us-gaap_GoodwillImpairmentLoss
Change in fair value of acquisition-related contingent consideration		(43,898)	85,501
Loss/(gain) on sale of assets	112,242us-gaap_GainLossOnDispositionOfAssets	73,126us-gaap_GainLossOnDispositionOfAssets	(62,630)us-gaap_GainLossOnDispositionOfAssets
Excess tax benefit from share-based payments	(80,402)	(16,284)	(67,835)
Changes in assets and liabilities:
Trade receivables	9,057,078	(8,207,253)	(189,775)
Inventories	(2,039,599)us-gaap_IncreaseDecreaseInInventories	4,647,916us-gaap_IncreaseDecreaseInInventories	(7,705,772)us-gaap_IncreaseDecreaseInInventories
Prepaid income taxes	(936,186)us-gaap_IncreaseDecreaseInPrepaidTaxes	732,618us-gaap_IncreaseDecreaseInPrepaidTaxes	1,776,601us-gaap_IncreaseDecreaseInPrepaidTaxes
Other assets	(282,456)	89,533	252,378
Accounts payable	105,602	(4,342,626)	4,819,481
Accrued compensation and benefits	139,698	994,012	(2,250,647)
Other accrued liabilities	405,424	71,293	(680,171)
Income taxes payable	(243,165)	96,704	(15,168)
Other	(85,519)		195,244
Net cash provided by operating activities	12,172,077	773,323	200,170
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(5,577,039)	(2,699,347)	(2,607,958)
Purchases of investments	(12,682,351)us-gaap_PaymentsToAcquireInvestments	(4,401,321)us-gaap_PaymentsToAcquireInvestments	(15,010,778)us-gaap_PaymentsToAcquireInvestments
Proceeds from the sale of fixed assets	51,073	82,078	198,109
Proceeds from the sale of investments	6,160,000	12,794,000	20,456,039
Net cash (used in) provided by investing activities	(12,048,317)	5,775,410	3,035,412
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(5,571,672)us-gaap_PaymentsOfDividends	(4,099,087)us-gaap_PaymentsOfDividends	(6,734,466)us-gaap_PaymentsOfDividends
Mortgage principal payments	(489,706)us-gaap_RepaymentsOfSecuredDebt	(457,464)us-gaap_RepaymentsOfSecuredDebt	(427,345)us-gaap_RepaymentsOfSecuredDebt
Proceeds from issuance of common stock net of shares withheld	246,119	310,857	297,664
Excess tax benefit from stock-based payments	80,402	16,284	67,835
Payment of contingent consideration related to acquisition	(565,647)	(161,060)	(370,096)
Purchase of common stock			(757,951)
Net cash used in financing activities	(6,300,504)	(4,390,470)	(7,924,359)
EFFECT OF FOREIGN EXCHANGE RATE CHANGES ON CASH	(145,519)	31,145	42,779
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(6,322,263)	2,189,408	(4,645,998)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	20,059,120	17,869,712	22,515,710
CASH AND CASH EQUIVALENTS AT END OF YEAR	13,736,857	20,059,120	17,869,712
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Income taxes paid	1,591,257us-gaap_IncomeTaxesPaidNet	1,556,590us-gaap_IncomeTaxesPaidNet	87,343us-gaap_IncomeTaxesPaidNet
Interest paid	73,860us-gaap_InterestPaid	106,101us-gaap_InterestPaid	138,477us-gaap_InterestPaid
Dividends declared not paid	1,446,498	1,436,318
Capital expenditures in accounts payable	$ 188,564