v3.26.1
Segment Information (Tables)
6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
Schedule of Segment Information

Corporate and

SUNation NY

HEC

Other

Total

Three Months Ended June 30, 2026

Sales

$

5,374,665

$

2,787,322

$

$

8,161,987

Cost of sales

3,959,265

2,073,200

6,032,465

Gross profit

1,415,400

714,122

2,129,522

Operating expenses:

Selling, general and administrative expenses

2,351,425

826,553

1,005,119

4,183,097

Amortization expense

203,125

356,250

559,375

Transaction costs

570,516

570,516

Total operating expenses

2,554,550

1,182,803

1,575,635

5,312,988

Operating loss

(1,139,150)

(468,681)

(1,575,635)

(3,183,466)

Other income (expense):

Investment and other income

6,394

7,115

13,509

Gain on sale of assets

1,000

1,000

Interest expense

(75,177)

(83,298)

(158,475)

Other (expense) income, net

(68,783)

(75,183)

(143,966)

Net loss before income taxes

$

(1,207,933)

$

(468,681)

$

(1,650,818)

$

(3,327,432)

Depreciation and amortization

$

246,727

$

375,702

$

$

622,429

Capital expenditures

$

2,500

$

$

$

2,500

Assets

$

22,759,005

$

15,225,023

$

2,937,773

$

40,921,801

Corporate and

SUNation NY

HEC

Other

Total

Three Months Ended June 30, 2025

Sales

$

9,820,849

$

3,243,405

$

$

13,064,254

Cost of sales

5,859,827

2,364,910

8,224,737

Gross profit

3,961,022

878,495

4,839,517

Operating expenses:

Selling, general and administrative expenses

3,746,504

1,021,320

1,675,905

6,443,729

Amortization expense

203,125

356,250

559,375

Total operating expenses

3,949,629

1,377,570

1,675,905

7,003,104

Operating income (loss)

11,393

(499,075)

(1,675,905)

(2,163,587)

Other income (expense):

Investment and other income

27,661

27,661

Fair value remeasurement of warrant liability

(7,531,044)

(7,531,044)

Fair value remeasurement of contingent forward contract

789,588

789,588

Fair value remeasurement of contingent value rights

6,271

6,271

Financing fees

(559,938)

(559,938)

Interest expense

(162,130)

(162,130)

Other (expense) income, net

(7,429,592)

(7,429,592)

Net loss before income taxes

$

11,393

$

(499,075)

$

(9,105,497)

$

(9,593,179)

Depreciation and amortization

$

251,048

$

374,381

$

$

625,429

Capital expenditures

$

$

8,817

$

$

8,817

Assets

$

24,140,111

$

16,935,705

$

3,054,034

$

44,129,850

Corporate and

SUNation NY

HEC

Other

Total

Six Months Ended June 30, 2026

Sales

$

10,528,508

$

4,827,928

$

$

15,356,436

Cost of sales

7,845,378

3,790,288

11,635,666

Gross profit

2,683,130

1,037,640

3,720,770

Operating expenses:

Selling, general and administrative expenses

5,148,696

1,613,546

2,782,277

9,544,519

Amortization expense

406,250

712,500

1,118,750

Transaction costs

570,516

570,516

Total operating expenses

5,554,946

2,326,046

3,352,793

11,233,785

Operating loss

(2,871,816)

(1,288,406)

(3,352,793)

(7,513,015)

Other income (expense):

Investment and other income

337

61,800

62,137

Gain on sale of assets

3,700

3,700

Interest expense

(291,924)

(291,924)

Gain on debt extinguishment

332,412

332,412

Other income (expense), net

337

105,988

106,325

Net loss before income taxes

$

(2,871,816)

$

(1,288,069)

$

(3,246,805)

$

(7,406,690)

Depreciation and amortization

$

493,413

$

751,553

$

$

1,244,966

Capital expenditures

$

2,500

$

$

$

2,500

Corporate and

SUNation NY

HEC

Other

Total

Six Months Ended June 30, 2025

Sales

$

19,365,403

$

6,335,489

$

$

25,700,892

Cost of sales

11,731,799

4,698,251

16,430,050

Gross profit

7,633,604

1,637,238

9,270,842

Operating expenses:

Selling, general and administrative expenses

7,594,004

1,997,994

2,891,029

12,483,027

Amortization expense

406,250

712,500

1,118,750

Total operating expenses

8,000,254

2,710,494

2,891,029

13,601,777

Operating (loss) income

(366,650)

(1,073,256)

(2,891,029)

(4,330,935)

Other income (expenses):

Investment and other income

75,826

75,826

Fair value remeasurement of warrant liability

(7,531,044)

(7,531,044)

Fair value remeasurement of contingent forward contract

899,080

899,080

Fair value remeasurement of contingent value rights

25,450

25,450

Financing fees

(1,136,532)

(1,136,532)

Interest expense

(733,370)

(733,370)

Loss on debt extinguishment

(343,471)

(343,471)

Other (expense) income, net

(8,744,061)

(8,744,061)

Net loss before income taxes

$

(366,650)

$

(1,073,256)

$

(11,635,090)

$

(13,074,996)

Depreciation and amortization

$

502,098

$

750,646

$

$

1,252,744

Capital expenditures

$

$

8,817

$

$

8,817