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

Contracts in Progress

3 Months Ended

Mar. 31, 2023

NOTE 5 – CONTRACTS IN PROGRESS

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


	March 31, 2023		December 31, 2022

Billings to date	$	4,152,330	$	4,208,409

Costs incurred on uncompleted contracts		657,505		1,122,453
Estimated earnings		390,390		380,547
Cost plus estimated earnings		1,047,895		1,503,000

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	3,104,435	$	2,705,409

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


	March 31, 2023		December 31, 2022

Costs incurred on uncompleted contracts	$	1,270,743	$	931,801
Estimated earnings		916,754		513,648
		2,187,497		1,445,449
Billings to date		1,679,933		667,964
Costs and estimated earnings in excess of billings on uncompleted contracts	$	507,564	$	777,485