SUNation Energy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cash Equivalents And Investments

Amortized Cost

Estimated Market Value

Due within one year

Cash Equivalents And Investments

6 Months Ended

Jun. 30, 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 and cash equivalents or short and long term investments as of June 30, 2017 and December 31, 2016:



June 30, 2017
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	8,245,000	$	-	$	-	$	8,245,000	$	8,245,000	$	-	$	-
Subtotal		8,245,000		-		-		8,245,000		8,245,000		-		-

Investments:
Certificates of deposit		1,445,000		-		-		1,445,000		-		1,445,000		-
Subtotal		1,445,000		-		-		1,445,000		-		1,445,000		-


Total	$	9,690,000	$	-	$	-	$	9,690,000	$	8,245,000	$	1,445,000	$	-



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 shown above to be temporary in nature. The Company intends to hold these investments until it can recover the full principal amount and has the ability to do so based on its other sources of liquidity. The Company expects these recoveries to occur prior to the contractual maturities. All unrealized losses as of June 30, 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 June 30, 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 June 30, 2017:

The Company did not recognize any gross realized gains or losses during the three and six month periods ending June 30, 2017 and 2016, respectively. If the Company had realized gains or losses, they would be included within investment and other income in the accompanying condensed consolidated statement of loss and comprehensive loss.