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

Contracts in Progress

9 Months Ended

Sep. 30, 2023

NOTE 5 – CONTRACTS IN PROGRESS

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


	September 30, 2023		December 31, 2022

Billings to date	$	1,901,527	$	4,208,409

Costs incurred on uncompleted contracts		78,327		1,122,453
Estimated earnings		72,944		380,547
Cost plus estimated earnings		151,271		1,503,000

Billings in excess of costs plus estimated earnings on uncompleted contracts	$	1,750,256	$	2,705,409

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


	September 30, 2023		December 31, 2022

Costs incurred on uncompleted contracts	$	1,953,127	$	931,801
Estimated earnings		1,772,486		513,648
		3,725,613		1,445,449
Billings to date		3,355,732		667,964
Costs and estimated earnings in excess of billings on uncompleted contracts	$	369,881	$	777,485