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

3 Months Ended

Mar. 31, 2018

Cash Equivalents and Investments [Abstract]

NOTE 3 – 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 March 31, 2018 and December 31, 2017:



March 31, 2018
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds	$	5,751,000	$	-	$	-	$	5,751,000	$	5,751,000	$	-	$	-
Subtotal		5,751,000		-		-		5,751,000		5,751,000		-		-

Investments:
Commercial Paper		1,988,000		-		(2,000)		1,986,000		-		1,986,000		-
Corporate Notes/Bonds		4,038,000		-		(5,000)		4,033,000		-		4,033,000		-
Subtotal		6,026,000		-		(7,000)		6,019,000		-		6,019,000		-


Total	$	11,777,000	$	-	$	(7,000)	$	11,770,000	$	5,751,000	$	6,019,000	$	-



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	$	-

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 March 31, 2018 were in a continuous unrealized loss position for less than twelve months and are not deemed to be other than temporarily impaired as of March 31, 2018.

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 March 31, 2018:

The Company did not recognize any gross realized gains or losses during the three months ending March 31, 2018 and 2017, 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.