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

9 Months Ended

Sep. 30, 2019

Cash Equivalents and Investments [Abstract]

NOTE 4 – 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 September 30, 2019 and December 31, 2018:



September 30, 2019
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cash Equivalents		Short-Term Investments		Long-Term Investments

Cash equivalents:
Money Market funds		10,716,000		-		-		10,716,000		10,716,000		-		-
Subtotal		10,716,000		-		-		10,716,000		10,716,000		-		-

Investments:
Commercial Paper		4,491,000		-		-		4,491,000		-		4,491,000		-
Corporate Notes/Bonds		1,012,000		-		-		1,012,000		-		1,012,000		-
Subtotal		5,503,000		-		-		5,503,000		-		5,503,000		-


Total	$	16,219,000	$	-	$	-	$	16,219,000	$	10,716,000	$	5,503,000	$	-



December 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	$	8,428,000	$	-	$	-	$	8,428,000	$	8,428,000	$	-	$	-
Total	$	8,428,000	$	-	$	-	$	8,428,000	$	8,428,000	$	-	$	-

The Company tests for other than temporary losses on a quarterly basis. 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. The Company did not have any unrealized losses as of September 30, 2019.

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 September 30, 2019:

The Company did not recognize any gross realized gains or losses during either of the nine-month periods ending September 30, 2019 and 2018, 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 income (loss) and comprehensive income (loss).