v3.24.3

SEGMENT INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Schedule of reportable segments and operating income |
|  | Solar |  |  | Energy Storage |  |  | All other |
Three Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |
Revenues |  | $ | 247,516 |  |  | $ | 10,900 |  |  | $ | 2,237 |
Cost of revenues |  |  | 855,832 |  |  |  | 95,323 |  |  |  | 1,307 |
Gross profit (loss) |  |  | (608,316 | ) |  |  | (84,423 | ) |  |  | 930 |
Research and development |  |  | 47,569 |  |  |  | 4,590 |  |  |  | 179 |
Sales and marketing |  |  | 28,369 |  |  |  | 997 |  |  |  | 212 |
General and administrative |  |  | 33,037 |  |  |  | 1,278 |  |  |  | 51 |
Segments profit (loss) |  | $ | (717,291 | ) |  | $ | (91,288 | ) |  | $ | 488 |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 676,929 |  |  | $ | 24,215 |  |  | $ | 23,946 |
Cost of revenues |  |  | 514,390 |  |  |  | 35,931 |  |  |  | 23,748 |
Gross profit (loss) |  |  | 162,539 |  |  |  | (11,716 | ) |  |  | 198 |
Research and development |  |  | 56,886 |  |  |  | 4,134 |  |  |  | 2,252 |
Sales and marketing |  |  | 30,810 |  |  |  | 1,009 |  |  |  | 472 |
General and administrative |  |  | 29,711 |  |  |  | 1,827 |  |  |  | 855 |
Segments profit (loss) |  | $ | 45,132 |  |  | $ | (18,686 | ) |  | $ | (3,381 | )
Nine Months Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 678,861 |  |  | $ | 42,960 |  |  | $ | 8,156 |
Cost of revenues |  |  | 1,290,748 |  |  |  | 138,107 |  |  |  | 5,778 |
Gross profit (loss) |  |  | (611,887 | ) |  |  | (95,147 | ) |  |  | 2,378 |
Research and development |  |  | 145,683 |  |  |  | 12,268 |  |  |  | 535 |
Sales and marketing |  |  | 87,664 |  |  |  | 2,839 |  |  |  | 671 |
General and administrative |  |  | 87,500 |  |  |  | 2,807 |  |  |  | 306 |
Segments profit (loss) |  | $ | (932,734 | ) |  | $ | (113,061 | ) |  | $ | 866 |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 2,532,794 |  |  | $ | 52,492 |  |  | $ | 74,594 |
Cost of revenues |  |  | 1,723,438 |  |  |  | 82,912 |  |  |  | 70,914 |
Gross profit (loss) |  |  | 809,356 |  |  |  | (30,420 | ) |  |  | 3,680 |
Research and development |  |  | 174,811 |  |  |  | 12,348 |  |  |  | 7,429 |
Sales and marketing |  |  | 96,091 |  |  |  | 3,047 |  |  |  | 2,024 |
General and administrative |  |  | 79,599 |  |  |  | 6,650 |  |  |  | 2,798 |
Segments profit (loss) |  | $ | 458,855 |  |  | $ | (52,465 | ) |  | $ | (8,571 | )
Schedule of reconciliation to consolidated operating income | The following table presents information on reportable segments reconciliation to consolidated revenues for the periods presented:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Solar segment revenues |  | $ | 247,516 |  |  | $ | 676,929 |  |  | $ | 678,861 |  |  | $ | 2,532,794 |
Energy Storage segment revenues |  |  | 10,900 |  |  |  | 24,215 |  |  |  | 42,960 |  |  |  | 52,492 |
All other segment revenues |  |  | 2,237 |  |  |  | 23,946 |  |  |  | 8,156 |  |  |  | 74,594 |
Revenues from finance component |  |  | 250 |  |  |  | 215 |  |  |  | 730 |  |  |  | 604 |
Consolidated revenues |  | $ | 260,903 |  |  | $ | 725,305 |  |  | $ | 730,707 |  |  | $ | 2,660,484 |
The following table presents information on reportable segments reconciliation to consolidated operating income for the periods presented:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Solar segment profit (loss) |  | $ | (717,291 | ) |  | $ | 45,132 |  |  | $ | (932,734 | ) |  | $ | 458,855 |
Energy Storage segment loss |  |  | (91,288 | ) |  |  | (18,686 | ) |  |  | (113,061 | ) |  |  | (52,465 | )
All other segment profit (loss) |  |  | 488 |  |  |  | (3,381 | ) |  |  | 866 |  |  |  | (8,571 | )
Segments operating profit (loss) |  |  | (808,091 | ) |  |  | 23,065 |  |  |  | (1,044,929 | ) |  |  | 397,819 |
Amounts not allocated to segments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock based compensation expenses |  |  | (36,641 | ) |  |  | (36,815 | ) |  |  | (112,818 | ) |  |  | (115,015 | )
Restructuring and other exit activities |  |  | (2,498 | ) |  |  | - |  |  |  | (15,910 | ) |  |  | - |
Impairment and disposal by abandonment of long-lived assets |  |  | (232,102 | ) |  |  | - |  |  |  | (233,834 | ) |  |  | - |
Amortization and depreciation of acquired assets |  |  | (2,872 | ) |  |  | (2,750 | ) |  |  | (6,902 | ) |  |  | (6,164 | )
Other unallocated income (expenses) |  |  | (3,062 | ) |  |  | (226 | ) |  |  | (4,760 | ) |  |  | 1,146 |
Consolidated operating income (loss) |  |  | (1,085,266 | ) |  |  | (16,726 | ) |  |  | (1,419,153 | ) |  |  | 277,786 |
Financial income (expense), net |  |  | 5,558 |  |  |  | (7,901 | ) |  |  | (2,371 | ) |  |  | 19,157 |
Other income (loss), net |  |  | (3,928 | ) |  |  | (484 | ) |  |  | 14,623 |  |  |  | (609 | )
Income (loss) before income taxes |  | $ | (1,083,636 | ) |  | $ | (25,111 | ) |  | $ | (1,406,901 | ) |  | $ | 296,334 |

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