v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue Recognition [Abstract]  
Revenue Recognition NOTE 3 – REVENUE RECOGNITION

Disaggregation of revenue

Revenues are recognized when control of the promised goods or services is transferred to our customers, in an amount that best reflects the consideration we expect to receive in exchange for those goods or services.

The following table disaggregates revenue based on type:

Revenue by Type

Three Months Ended June 30

SUNation NY

HEC

2026

2025

2026

2025

Residential contracts

$

3,022,948

$

8,016,690

$

2,526,115

$

2,727,495

Commercial contracts

1,667,365

1,261,992

50,058

139,319

Service revenue

684,352

542,167

211,149

376,591

$

5,374,665

$

9,820,849

$

2,787,322

$

3,243,405

Revenue by Type

Six Months Ended June 30

SUNation NY

HEC

2026

2025

2026

2025

Residential contracts

$

6,417,981

$

15,912,812

$

4,150,492

$

5,466,295

Commercial contracts

3,014,671

2,537,880

176,194

139,319

Service revenue

1,095,856

914,711

501,242

729,875

$

10,528,508

$

19,365,403

$

4,827,928

$

6,335,489

The following table disaggregates revenue based on the timing of satisfaction of the performance obligations:

Three Months Ended June 30

SUNation NY

HEC

2026

2025

2026

2025

Performance obligations satisfied at a point in time

$

3,707,300

$

8,558,857

$

2,737,264

$

3,104,086

Performance obligations satisfied over time

1,667,365

1,261,992

50,058

139,319

$

5,374,665

$

9,820,849

$

2,787,322

$

3,243,405

Six Months Ended June 30

SUNation NY

HEC

2026

2025

2026

2025

Performance obligations satisfied at a point in time

$

7,513,837

$

16,827,523

$

4,651,734

$

6,196,170

Performance obligations satisfied over time

3,014,671

2,537,880

176,194

139,319

$

10,528,508

$

19,365,403

$

4,827,928

$

6,335,489

Contract Balances

Contract assets represent costs and earnings in excess of amounts billed and direct costs, including commissions, financing and permitting fees paid prior to recording revenue. Contract liabilities represent amounts billed to clients in excess of revenue recognized to date and billings in excess of costs and earnings. Contract assets were $201,938,

$658,177, and $560,648 at June 30, 2026, December 31, 2025, and January 1, 2025, respectively. Contract liabilities were $3,322,240, $2,737,151, and $2,314,483 at June 30, 2026, December 31, 2025, and January 1, 2025, respectively. During the three and six months ended June 30, 2026, $699,538 and $2,117,541 within contract liabilities as of December 31, 2025 has been recognized within revenue, respectively.