SUNVALLEY SOLAR, INC.

CIK:0001434477|SEC Filings

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
REVENUES
REVENUES	$ 710,522	$ 3,300,131	$ 907,282	$ 3,595,240
COST OF SALES	561,999	2,538,565	714,087	2,802,162
GROSS PROFIT	148,523	761,566	193,195	793,078
OPERATING EXPENSES
General and administrative	534,704	929,115	1,046,701	1,679,488
Total Operating Expenses	534,704	929,115	1,046,701	1,679,488
INCOME (LOSS) FROM OPERATIONS	(386,181)	(167,549)	(853,506)	(886,410)
OTHER INCOME (EXPENSES)
Other income	(6,998)	(1,315)	(3,174)	(3,391)
Interest expense	2,574	(1,001)	2,574	(4,260)
Total other income (expenses)	(4,424)	(2,316)	(600)	(7,651)
INCOME (LOSS) BEFORE TAXES	(390,605)	(169,865)	(854,106)	(894,061)
NET INCOME (LOSS)	$ (390,605)	$ (169,865)	$ (854,106)	$ (894,061)
BASIC AND DILUTED LOSS PER SHARE	$ (0.02)	$ (0.01)	$ (0.03)	$ (0.04)
BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	24,563,176	24,563,176	24,563,176	24,231,629

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
OPERATING ACTIVITIES:
Profit loss	$ (854,106)	$ (894,061)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	$ 15,619	$ 76,008
Preferred stock issued for services	9,790	41,884
Changes in operating assets and liabilities:
Accounts receivable	$ 996,226	$ 1,676,990
Inventory	149,106	(28,725)
Prepaid expenses	(59,887)	(6,095)
Contract assets	9,135	(836,071)
Other assets		2,622
Accounts payable and accrued expenses	(123,705)	(14,315)
Accrued warranty expense	(75,356)	(476,339)
Customer deposits	(97,331)	7,450
Net Cash Provided by (Used in) Operating Activities	(30,509)	(450,652)
INVESTING ACTIVITIES:
Purchase of equipment		(60,709)
Proceeds from notes receivable	11,976
Net Cash Used in Investing Activities	11,976	(60,709)
FINANCING ACTIVITIES:
Repayments of long term debt		(85,210)
Net Cash Provided by (Used in) Financing Activities		(85,210)
NET CHANGE IN CASH	(1,812,113)	(596,571)
CASH AT BEGINNING OF PERIOD	792,050	1,563,781
CASH AT END OF PERIOD	$ (1,020,063)	$ 967,210

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 423,678	$ 792,050
Resticted cash	47,500	37,500
Current portion of accounts receivable, net	326,431	1,337,076
Current portion of Notes receivable, current	33,614	30,395
Inventory	219,207	371,532
Contract assets		9,135
Prepaid expenses and other current assets	156,566	96,679
Total current assets	1,206,996	2,674,367
PROPERTY AND EQUIPMENT, NET	80,870	96,489
OTHER ASSETS
Long-term accounts receivable, net of current portion	59,064	44,645
Notes receivable, net of current portion	118,032	130,008
Other assets	7,870	7,870
Total other assets	184,966	182,523
TOTAL ASSETS	1,472,832	2,953,379
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,718,818	1,842,523
Customer deposits	218,829	316,160
Accrued warranty	116,750	192,106
Advances from contractors	103,389	103,389
Legal settlement payable		339,249
Total current liabilities	2,157,786	2,793,427
STOCKHOLDERS' EQUITY (DEFICIT)
Class A preferred stock	$ 500	$ 500
Class B preferred stock	90	90
Common stock value	$ 24,564	$ 24,564
Additional paid-in capital	6,374,098	6,364,308
Accumulated deficit	(7,084,203)	(6,229,510)
Total Stockholders' Equity (Deficit)	(684,951)	159,952
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 1,472,835	$ 2,953,379