SUNation Energy, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
SUNE$2.13+4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| SUNATION ENERGY, INC. | ||
|---|---|---|
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS | ||
| (Unaudited) | ||
| Nine Months Ended September 30 | ||
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(13,496,822) | $(9,029,973) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 1,880,793 | 2,373,312 |
| Share based compensation | 72,175 | (16,199) |
| Credit loss provision | 40,046 | 105,593 |
| Fair value remeasurement of earnout consideration | — | (800,000) |
| Fair value remeasurement of warrant liability | 7,531,044 | 974,823 |
| Fair value remeasurement of embedded derivative liability | — | 468,329 |
| Fair value remeasurement of contingent forward contract | (899,080) | — |
| Fair value remeasurement of contingent value rights | (23,132) | (478,809) |
| Loss on extinguishment of debt | 343,471 | 35,657 |
| Gain on sale of assets | — | 822 |
| Loss on lease termination | — | 215,415 |
| Interest and accretion expense | 269,909 | 2,312,054 |
| Changes in assets and liabilities: | ||
| Trade accounts receivable | (81,531) | 697,454 |
| Inventories | (300,508) | 893,281 |
| Income taxes | (18,532) | (83,062) |
| Other assets, net | (1,145,270) | (809,709) |
| Accounts payable | 395,280 | 570,844 |
| Accrued compensation and benefits | 802,213 | (510,484) |
| Customer deposits | 2,461,077 | (270,905) |
| Other accrued liabilities | 1,700,111 | 236,089 |
| Accrued interest | (677,582) | (1,278,378) |
| Net cash used in operating activities | (1,146,338) | (4,393,846) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (17,787) | (29,749) |
| Proceeds from the sale of property, plant and equipment | — | 6,118 |
| Net cash used in investing activities | (17,787) | (23,631) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from loans payable | 64,744 | 1,604,000 |
| Payments against loans payable | (8,609,793) | (1,161,654) |
| Payments against related party loans payable | (1,155,967) | — |
| Payments related to debt issuance costs | (38,613) | (24,150) |
| Payments related to equity issuance costs | (2,128,038) | (237,536) |
| Proceeds from the issuance of common stock and pre-funded warrants under registered direct offering | 9,690,790 | 1,000,000 |
| Proceeds from the issuance of common stock on the exercise of pre-funded warrants | 11,078 | — |
| Proceeds from the issuance of Series A and Series B warrants | 10,298,134 | — |
| Proceeds from the issuance of common stock under at-the-market offering | 351,372 | — |
| Proceeds from the issuance of Series B preferred stock | — | 15 |
| Payments for the termination of Series A warrants | (267,391) | — |
| Proceeds from issuance of common stock, net of shares withheld | — | 9,775 |
| Cash in lieu payment on fractional shares under reverse stock split | — | (1,132) |
| Payment of contingent consideration related to acquisition | (2,500,000) | — |
| Purchase of common stock | — | (6,098) |
| Net cash provided by financing activities | 5,716,316 | 1,183,220 |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 4,552,191 | (3,234,257) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD | 1,151,348 | 5,396,343 |
|---|---|---|
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $5,703,539 | $2,162,086 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Income taxes paid | $64,062 | $83,100 |
| Interest paid | 1,270,163 | 1,216,577 |
| NONCASH FINANCING AND INVESTING ACTIVITIES: | ||
| Loss on extinguishment of debt | — | (35,657) |
| Issuance of common stock for the settlement of loss contingencies | 880,756 | — |
| Deemed dividend on Convertible Preferred Stock and PIPE Warrants | — | 11,587,121 |
| Conversion of redeemable convertible preferred stock to common stock | — | 15,277,055 |
| The accompanying notes are an integral part of the condensed consolidated financial statements. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.