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

Contracts in Progress

6 Months Ended

Jun. 30, 2023

NOTE 5 – CONTRACTS IN PROGRESS

Billings in excess of costs and estimated earnings as of June 30, 2023 and December 31, 2022 are as follows:


	June 30, 2023		December 31, 2022

Billings to date	$	3,795,625	$	4,208,409

Costs incurred on uncompleted contracts		1,178,919		1,122,453
Estimated earnings		926,091		380,547
Cost plus estimated earnings		2,105,010		1,503,000

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	1,690,615	$	2,705,409

Costs and estimated earnings in excess of billings as of June 30, 2023 and December 31, 2022 are as follows:


	June 30, 2023		December 31, 2022

Costs incurred on uncompleted contracts	$	2,289,239	$	931,801
Estimated earnings		1,526,260		513,648
		3,815,499		1,445,449
Billings to date		3,273,525		667,964
Costs and estimated earnings in excess of billings on uncompleted contracts	$	541,974	$	777,485