SUNation Energy, Inc.

For the period ended Jun 30, 2026. Filed Aug 12, 2026.

About 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.

Jun 30, 2026 · Filed Aug 12, 2026

SUNE$2.13+4.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

SUNATION ENERGY, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
	Six Months Ended June 30
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$(7,429,441)	$(13,103,847)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,244,966	1,252,744
Share based compensation	9,712	53,276
Credit loss provision	23,581	(19,316)
Provision to write down inventories to net realizable value	17,934	28,033
Amortization of right of use asset	155,235	173,633
Fair value remeasurement of warrant liability	—	7,531,044
Fair value remeasurement of contingent forward contract	—	(899,080)
Fair value remeasurement of contingent value rights	—	(25,450)
(Gain) loss on extinguishment of debt	(332,412)	343,471
Gain on sale of assets	(3,700)	—
Interest and accretion expense	251,947	212,592
Changes in assets and liabilities:
Trade and related party accounts receivables	1,027,851	1,601,897
Inventories	(124,620)	357,644
Prepaid income taxes	894	(20,847)
Other assets	857,855	534,878
Accounts payable	(2,791,040)	(489,960)
Accrued compensation and benefits	587,537	403,470
Customer deposits	(221,183)	(336,485)
Other accrued liabilities	591,228	(496,763)
Accrued interest	(130,938)	(634,467)
Net cash used in operating activities	(6,264,594)	(3,533,533)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(2,500)	(8,817)
Proceeds from the sale of property, plant and equipment	3,700	—
Net cash provided by (used in) investing activities	1,200	(8,817)
CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings against related party working capital line of credit	800,000	—
Payments against loans payable	(881,947)	(8,514,664)
Payments against related party loans payable	(282,726)	(1,038,279)
Payments related to debt issuance costs	—	(38,613)
Payments related to equity issuance costs	(254,359)	(2,128,038)
Proceeds from the issuance of common stock under PIPE offering	2,700,700	—
Proceeds from the issuance of common stock and pre-funded warrants under registered direct offering	—	9,690,790
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	60,604	351,372
Payments for the termination of Series A warrants	—	(267,391)
Payment of contingent consideration related to acquisition	—	(2,500,000)
Net cash provided by financing activities	2,142,272	5,864,389
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	(4,121,122)	2,322,039
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	7,182,344	1,151,348
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	$3,061,222	$3,473,387
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:

NONCASH FINANCING AND INVESTING ACTIVITIES:
Income taxes paid	$21,857	$49,698
Interest paid	105,249	1,139,593
Conversion of related party debt to equity	1,091,525	—
Loss on extinguishment of debt	—	(343,471)
Issuance of common stock for the settlement of loss contingencies	—	880,756
The accompanying notes are an integral part of the condensed consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.