Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss)

v3.24.1.1.u2
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Condensed Consolidated Statements Of Operations And Comprehensive Income (Loss) [Abstract]    
Sales $ 13,219,197 $ 22,065,424
Cost of sales 8,413,749 14,059,109
Gross profit 4,805,448 8,006,315
Operating expenses:    
Selling, general and administrative expenses 6,629,027 8,062,123
Amortization expense 709,375 1,266,698
Transaction costs   2,020
Fair value remeasurement of SUNation earnout consideration (350,000) 825,000
Total operating expenses 6,988,402 10,155,841
Operating loss (2,182,954) (2,149,526)
Other income (expense):    
Investment and other income 45,841 19,533
Gain on sale of assets 6,118 244,271
Fair value remeasurement of warrant liability 3,728,593  
Fair value remeasurement of contingent value rights 376,085 (250,000)
Interest and other expense (764,870) (458,218)
Other income (expense), net 3,391,767 (444,414)
Net income (loss) before income taxes 1,208,813 (2,593,940)
Income tax expense 6,162 5,732
Net income (loss) from continuing operations 1,202,651 (2,599,672)
Net income from discontinued operations, net of tax   44,683
Net income (loss) 1,202,651 (2,554,989)
Other comprehensive income (loss), net of tax:    
Unrealized gain on available-for-sale securities   24,405
Total other comprehensive income   24,405
Comprehensive income (loss) 1,202,651 (2,530,584)
Less: Deemed dividend on extinguishment of Convertible Preferred Stock (751,125)  
Less: Deemed dividend on modification of PIPE Warrants (10,571,514)  
Net loss attributable to common shareholders $ (10,119,988) $ (2,554,989)
Basic net loss per share:    
Continuing operations $ (0.26) $ (0.26)
Basic net loss per share (0.26) (0.26)
Diluted net loss per share:    
Continuing operations (0.26) (0.26)
Diluted net loss per share $ (0.26) $ (0.26)
Weighted Average Basic Shares Outstanding 39,410,206 9,919,650
Weighted Average Dilutive Shares Outstanding 39,410,206 9,919,650