2024 Q4 Form 10-Q Financial Statement

#000121390024099667 Filed on November 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q4
Revenue $5.536M $24.59M
YoY Change -86.91%
Cost Of Revenue $8.693M $18.35M
YoY Change -74.0%
Gross Profit -$3.157M $6.236M
YoY Change -135.62%
Gross Profit Margin -57.03% 25.36%
Selling, General & Admin $19.54M $2.214M
YoY Change -42.67% 224.72%
% of Gross Profit 35.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization -$1.406M
YoY Change
% of Gross Profit -22.55%
Operating Expenses $26.81M $17.31M
YoY Change -21.34% 570.98%
Operating Profit -$29.97M -$11.08M
YoY Change 18.81%
Interest Expense $50.00K $1.902M
YoY Change -100.72% -32.1%
% of Operating Profit
Other Income/Expense, Net -$47.99M -$38.00M
YoY Change -594.67% 2973.88%
Pretax Income -$77.96M -$50.97M
YoY Change 246.87% 6753.46%
Income Tax -$1.000K
% Of Pretax Income
Net Earnings -$77.96M -$206.9M
YoY Change 122.58% 27715.32%
Net Earnings / Revenue -1408.2% -841.33%
Basic Earnings Per Share -$1.03 -$5.20
Diluted Earnings Per Share -$1.03 -$5.19
COMMON SHARES
Basic Shares Outstanding 73.77M shares 63.61M shares 39.82M shares
Diluted Shares Outstanding 75.35M shares 39.83M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.661M
YoY Change 2177.84%
Cash & Equivalents $79.50M $1.661M
Short-Term Investments
Other Short-Term Assets $9.947M
YoY Change 8142.46%
Inventory $607.0K $12.50M
Prepaid Expenses
Receivables $8.482M $26.00M
Other Receivables $0.00
Total Short-Term Assets $102.5M $50.11M
YoY Change 105.74% 25785.33%
LONG-TERM ASSETS
Property, Plant & Equipment $590.0K $4.185M
YoY Change -89.54% 20.4%
Goodwill
YoY Change
Intangibles $0.00
YoY Change -100.0%
Long-Term Investments $3.500M
YoY Change -99.0%
Other Assets $154.0K $198.0K
YoY Change -98.31%
Total Long-Term Assets $5.453M $21.91M
YoY Change -96.89% -93.74%
TOTAL ASSETS
Total Short-Term Assets $102.5M $50.11M
Total Long-Term Assets $5.453M $21.91M
Total Assets $107.9M $72.02M
YoY Change -52.05% -79.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.627M $14.57M
YoY Change -69.3% 199.92%
Accrued Expenses $19.28M
YoY Change
Deferred Revenue $1.092M $2.423M
YoY Change
Short-Term Debt $27.93M
YoY Change 3271.23%
Long-Term Debt Due $29.19M
YoY Change
Total Short-Term Liabilities $41.71M $107.4M
YoY Change -44.03% 1788.23%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $15.42M
YoY Change 157.16%
Total Long-Term Liabilities $15.42M
YoY Change 157.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.71M $107.4M
Total Long-Term Liabilities $15.42M
Total Liabilities $250.6M $122.8M
YoY Change 64.08% 951.04%
SHAREHOLDERS EQUITY
Retained Earnings -$458.4M -$327.3M
YoY Change 1764.99%
Common Stock $315.5M $7.000K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$142.7M -$50.78M
YoY Change
Total Liabilities & Shareholders Equity $107.9M $72.02M
YoY Change -52.05% -79.43%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q4
OPERATING ACTIVITIES
Net Income -$77.96M -$206.9M
YoY Change 122.58% 27715.32%
Depreciation, Depletion And Amortization -$1.406M
YoY Change
Cash From Operating Activities -$20.14M
YoY Change 6162.48%
INVESTING ACTIVITIES
Capital Expenditures $529.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $8.145M
YoY Change
Cash From Investing Activities -$530.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 19.77M
YoY Change 8686.22%
NET CHANGE
Cash From Operating Activities -20.14M
Cash From Investing Activities -530.0K
Cash From Financing Activities 19.77M
Net Change In Cash -903.0K
YoY Change 834.49%
FREE CASH FLOW
Cash From Operating Activities -$20.14M
Capital Expenditures $529.0K
Free Cash Flow -$20.67M
YoY Change

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dei Entity File Number
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dei Entity Registrant Name
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COMPLETE SOLARIA, INC.
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us-gaap Paid In Kind Interest
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4009000 usd
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483000 usd
cslr Non Cash Lease Expense
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717000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
991000 usd
us-gaap Depreciation Depletion And Amortization
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622000 usd
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1361000 usd
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us-gaap Asset Impairment Charges
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3721000 usd
cslr Loss On Conversion Of Safe Agreements To Shares Of Common Stock
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1250000 usd
us-gaap Other Noncash Expense
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5410000 usd
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us-gaap Increase Decrease In Derivative Liabilities
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37875000 usd
us-gaap Provision For Doubtful Accounts
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3065000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4269000 usd
us-gaap Gains Losses On Restructuring Of Debt
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19948000 usd
us-gaap Gains Losses On Restructuring Of Debt
GainsLossesOnRestructuringOfDebt
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us-gaap Inventory Write Down
InventoryWriteDown
131000 usd
us-gaap Inventory Write Down
InventoryWriteDown
2144000 usd
cslr Issuance Of Forward Purchase Agreements
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76000 usd
cslr Change In Fair Value Of Forward Purchase Agreement Liabilitie
ChangeInFairValueOfForwardPurchaseAgreementLiabilitie
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cslr Change In Fair Value Of Forward Purchase Agreement Liabilitie
ChangeInFairValueOfForwardPurchaseAgreementLiabilitie
6661000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5220000 usd
cslr Stock Issued During The Period Value Reclassification Of Prepaid Pipe
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3500000 usd
cslr Adjustments To Additional Paid In Capital Reclassification Of Warrant Liabilities To Equity
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4697000 usd
cslr Reclassification Of Legacy Common Stock Into Common Stock
ReclassificationOfLegacyCommonStockIntoCommonStock
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cslr Stock Issued During Period Value Issuance Of Common Stock In Connection With Forward Purchase Agreements
StockIssuedDuringPeriodValueIssuanceOfCommonStockInConnectionWithForwardPurchaseAgreements
35490000 usd
cslr Stock Issued During Period Value Issuance Of Common Stock Bonus Shares In Connection With Mergers
StockIssuedDuringPeriodValueIssuanceOfCommonStockBonusSharesInConnectionWithMergers
2394000 usd
cslr Stock Issued During Period Value Residual Mergers Proceeds
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161000 usd
cslr Stock Issued During Period Value Modification Of Carlyle Warrant
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4156000 usd
cslr Stock Issued During Period Value Vesting Of Restricted Stock Units
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52000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
24000 usd
us-gaap Net Income Loss
NetIncomeLoss
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StockholdersEquity
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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us-gaap Share Based Compensation
ShareBasedCompensation
4086000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2321000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
1938000 usd
us-gaap Paid In Kind Interest
PaidInKindInterest
4009000 usd
cslr Non Cash Lease Expense
NonCashLeaseExpense
483000 usd
cslr Non Cash Lease Expense
NonCashLeaseExpense
717000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
991000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
622000 usd
us-gaap Amortization Of Financing Costs
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1361000 usd
cslr Other Financing Costs
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us-gaap Asset Impairment Charges
AssetImpairmentCharges
3721000 usd
cslr Loss On Conversion Of Safe Agreements To Shares Of Common Stock
LossOnConversionOfSAFEAgreementsToSharesOfCommonStock
1250000 usd
us-gaap Other Noncash Expense
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5410000 usd
us-gaap Gain Loss On Sale Of Derivatives
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37875000 usd
us-gaap Provision For Doubtful Accounts
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3065000 usd
us-gaap Provision For Doubtful Accounts
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4269000 usd
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19948000 usd
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us-gaap Inventory Write Down
InventoryWriteDown
131000 usd
cslr Issuance Of Forward Purchase Agreements
IssuanceOfForwardPurchaseAgreements
76000 usd
cslr Change In Fair Value Of Forward Purchase Agreement Liabilitie
ChangeInFairValueOfForwardPurchaseAgreementLiabilitie
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cslr Change In Fair Value Of Forward Purchase Agreement Liabilitie
ChangeInFairValueOfForwardPurchaseAgreementLiabilitie
6661000 usd
cslr Change In Fair Value Of Safe Agreements
ChangeInFairValueOfSAFEAgreements
900000 usd
cslr Issuance Of Common Stock In Connection With Forward Purchase Agreements
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35490000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2116000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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cslr Accretion Of Longterm Debt In Cs Solis
AccretionOfLongtermDebtInCSSolis
3872000 usd
cslr Accretion Of Longterm Debt In Cs Solis
AccretionOfLongtermDebtInCSSolis
2493000 usd
cslr Issuance Of Common Stock Bonus Shares In Connection With The Mergers
IssuanceOfCommonStockBonusSharesInConnectionWithTheMergers
2394000 usd
us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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11823000 usd
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us-gaap Increase Decrease In Inventories
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3896000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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3185000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8326000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
2116000 usd
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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cslr Accretion Of Longterm Debt In Cs Solis
AccretionOfLongtermDebtInCSSolis
3872000 usd
cslr Accretion Of Longterm Debt In Cs Solis
AccretionOfLongtermDebtInCSSolis
2493000 usd
cslr Issuance Of Common Stock Bonus Shares In Connection With The Mergers
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2394000 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
52000 usd
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us-gaap Increase Decrease In Accounts Receivable
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11823000 usd
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us-gaap Increase Decrease In Inventories
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3896000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3185000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8326000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
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us-gaap Increase Decrease In Accounts Payable
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4372000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1587000 usd
us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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cslr Increase Decrease In Warranty Provision Noncurrent
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255000 usd
us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
1044000 usd
us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
1505000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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-1044000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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14102000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
9653000 usd
us-gaap Proceeds From Convertible Debt
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68725000 usd
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
17750000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
26000000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
3500000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6143000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
492000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57000 usd
cslr Proceeds From Mergers And Pipe Financing
ProceedsFromMergersAndPIPEFinancing
4219000 usd
cslr Proceeds From Mergers And Pipe Financing From Related Parties
ProceedsFromMergersAndPIPEFinancingFromRelatedParties
15600000 usd
cslr Proceeds From Issuance Of Safe Agreements
ProceedsFromIssuanceOfSAFEAgreements
6000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107060000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45575000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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22000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
76927000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6416000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8316000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83343000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5419000 usd
us-gaap Interest Paid Net
InterestPaidNet
1602000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4372000 usd
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
1587000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-875000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-359000 usd
cslr Increase Decrease In Warranty Provision Noncurrent
IncreaseDecreaseInWarrantyProvisionNoncurrent
255000 usd
us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Discontinued Operations
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190000 usd
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
1044000 usd
us-gaap Payments To Acquire Software
PaymentsToAcquireSoftware
1505000 usd
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Notes Payable
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14102000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
300000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
9653000 usd
us-gaap Proceeds From Convertible Debt
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68725000 usd
us-gaap Proceeds From Convertible Debt
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17750000 usd
us-gaap Proceeds From Related Party Debt
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26000000 usd
us-gaap Proceeds From Issuance Of Common Stock
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6143000 usd
us-gaap Proceeds From Stock Options Exercised
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492000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57000 usd
cslr Proceeds From Mergers And Pipe Financing
ProceedsFromMergersAndPIPEFinancing
4219000 usd
cslr Proceeds From Mergers And Pipe Financing From Related Parties
ProceedsFromMergersAndPIPEFinancingFromRelatedParties
15600000 usd
cslr Proceeds From Issuance Of Safe Agreements
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6000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107060000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45575000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
24000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
76927000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2897000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6416000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8316000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83343000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
5419000 usd
us-gaap Interest Paid Net
InterestPaidNet
1602000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000 usd
cslr Cancellation Of Existing Indebtedness In Exchange Agreement
CancellationOfExistingIndebtednessInExchangeAgreement
65872000 usd
cslr Issuance Of Convertible Notes In Exchange Agreement
IssuanceOfConvertibleNotesInExchangeAgreement
31452000 usd
cslr Issuance Of Common Stock In Exchange Agreement
IssuanceOfCommonStockInExchangeAgreement
2220000 usd
cslr Conversion Of Safe Agreements To Shares Of Common Stock
ConversionOfSAFEAgreementsToSharesOfCommonStock
5000000 usd
cslr Carlyle Warrant Modification
CarlyleWarrantModification
660000 usd
cslr Carlyle Warrant Modification
CarlyleWarrantModification
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
116000 usd
cslr Reclassification Of Liabilityclassified Warrants To Equityclassified Warrants
ReclassificationOfLiabilityclassifiedWarrantsToEquityclassifiedWarrants
30625000 usd
us-gaap Stock Issued1
StockIssued1
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us-gaap Stock Issued1
StockIssued1
202000 usd
cslr Conversion Of2022 Convertible Notes Into Common Stock
ConversionOf2022ConvertibleNotesIntoCommonStock
21561000 usd
cslr Conversion Of2022 Convertible Notes Issued To Related Parties Into Common Stock
ConversionOf2022ConvertibleNotesIssuedToRelatedPartiesIntoCommonStock
19390000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
155630000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
10000 usd
cslr Cancellation Of Existing Indebtedness In Exchange Agreement
CancellationOfExistingIndebtednessInExchangeAgreement
65872000 usd
cslr Issuance Of Convertible Notes In Exchange Agreement
IssuanceOfConvertibleNotesInExchangeAgreement
31452000 usd
cslr Issuance Of Common Stock In Exchange Agreement
IssuanceOfCommonStockInExchangeAgreement
2220000 usd
cslr Conversion Of Safe Agreements To Shares Of Common Stock
ConversionOfSAFEAgreementsToSharesOfCommonStock
5000000 usd
cslr Carlyle Warrant Modification
CarlyleWarrantModification
660000 usd
cslr Carlyle Warrant Modification
CarlyleWarrantModification
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
116000 usd
cslr Reclassification Of Liabilityclassified Warrants To Equityclassified Warrants
ReclassificationOfLiabilityclassifiedWarrantsToEquityclassifiedWarrants
30625000 usd
us-gaap Stock Issued1
StockIssued1
1400000 usd
us-gaap Stock Issued1
StockIssued1
202000 usd
cslr Conversion Of2022 Convertible Notes Into Common Stock
ConversionOf2022ConvertibleNotesIntoCommonStock
21561000 usd
cslr Conversion Of2022 Convertible Notes Issued To Related Parties Into Common Stock
ConversionOf2022ConvertibleNotesIssuedToRelatedPartiesIntoCommonStock
19390000 usd
us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
155630000 usd
cslr Issuance Of Common Stock Bonus Shares In Connection With The Mergers
IssuanceOfCommonStockBonusSharesInConnectionWithTheMergers
2394000 usd
cslr Recapitalization Of Legacy Complete Solaria Common Stock Into Complete Solaria Common Stock
RecapitalizationOfLegacyCompleteSolariaCommonStockIntoCompleteSolariaCommonStock
1000 usd
cslr Reclassification Of Investor Deposit To Pipe Funds
ReclassificationOfInvestorDepositToPIPEFunds
3500000 usd
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-02-22
cslr Purchase Price Per Share
PurchasePricePerShare
10
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-101400000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-73400000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-458400000 usd
CY2024Q3 us-gaap Debt Current
DebtCurrent
201900000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79500000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
45000000 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
50000000 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
50000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(b)</i></b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, as well as related disclosure of contingent assets and liabilities. Significant estimates and assumptions made by management include, but are not limited to, the determination of:</span></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The allocation of the transaction price to identified performance obligations;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fair value of warrant liabilities;</span></td></tr> </table><p style="margin: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the forward purchase agreements;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for inventory obsolescence;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for product warranty;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for the allowance for credit losses; </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of derivative liabilities; and</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The measurement of stock-based compensation.</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be affected. The Company bases its estimates on past experience and other assumptions that the Company believes are reasonable under the circumstances, and the Company evaluates these estimates on an ongoing basis. The Company has assessed the impact, and management is not aware of any specific events or circumstances that required an update to the Company’s estimates and assumptions or materially affected the carrying value of the Company’s assets or liabilities as of the date of issuance of this report. These estimates may change as new events occur and additional information is obtained.</span></p>
cslr Issuance Of Common Stock In Connection With Forward Purchase Agreements
IssuanceOfCommonStockInConnectionWithForwardPurchaseAgreements
35490000 usd
cslr Issuance Of Common Stock Bonus Shares In Connection With The Mergers
IssuanceOfCommonStockBonusSharesInConnectionWithTheMergers
2394000 usd
cslr Recapitalization Of Legacy Complete Solaria Common Stock Into Complete Solaria Common Stock
RecapitalizationOfLegacyCompleteSolariaCommonStockIntoCompleteSolariaCommonStock
1000 usd
cslr Reclassification Of Investor Deposit To Pipe Funds
ReclassificationOfInvestorDepositToPIPEFunds
3500000 usd
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2010-02-22
cslr Purchase Price Per Share
PurchasePricePerShare
10
CY2023Q4 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-51000000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-101400000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-73400000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-458400000 usd
CY2024Q3 us-gaap Debt Current
DebtCurrent
201900000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79500000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
45000000 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
50000000 usd
us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(b)</i></b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Use of Estimates</i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, as well as related disclosure of contingent assets and liabilities. Significant estimates and assumptions made by management include, but are not limited to, the determination of:</span></p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The allocation of the transaction price to identified performance obligations;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fair value of warrant liabilities;</span></td></tr> </table><p style="margin: 0"> </p><table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of the forward purchase agreements;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for inventory obsolescence;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for product warranty;</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The reserve methodology for the allowance for credit losses; </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The fair value of derivative liabilities; and</span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="vertical-align: top"> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The measurement of stock-based compensation.</span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be affected. The Company bases its estimates on past experience and other assumptions that the Company believes are reasonable under the circumstances, and the Company evaluates these estimates on an ongoing basis. The Company has assessed the impact, and management is not aware of any specific events or circumstances that required an update to the Company’s estimates and assumptions or materially affected the carrying value of the Company’s assets or liabilities as of the date of issuance of this report. These estimates may change as new events occur and additional information is obtained.</span></p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(d)</i></b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Risks </i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents are on deposit with major financial institutions. Such deposits may be in excess of insured limits from time to time. The Company believes that the financial institutions that hold the Company’s cash are financially sound, and accordingly, minimum credit risk exists with respect to these balances. The Company has not experienced any losses due to institutional failure or bankruptcy. The Company’s customers consist primarily of residential homeowners. The Company performs credit evaluations of its customers and generally does not require collateral for sales on credit. Many residential customers finance their transaction through third-party financing entities from whom the Company collects the receivable. The Company reviews accounts receivable balances to determine if any receivables will potentially be uncollectible and includes any amounts that are determined to be uncollectible in the allowance for credit losses. As of September 29, 2024, three entities had an outstanding balance that represented 27%, 18% and 13% of the total accounts receivable balance. As of December 31, 2023, two entities had an outstanding balance that represented 38% and 16% of the total accounts receivable balance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of customers </i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No customers represented more than 10% of gross revenues from continuing operations for the thirteen and thirty-nine weeks ended September 29, 2024 and October 1, 2023.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of suppliers</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the thirteen-weeks ended September 29, 2024, three suppliers represented 56%, 23% and 18%, of the Company’s inventory purchases. For the thirty-nine weeks ended September 29, 2024, three suppliers represented 65%, 20% and 10% of the Company’s inventory purchases. For the thirteen-weeks and thirty-nine weeks ended October 1, 2023, one supplier represented 84% and 86% of the Company’s inventory purchases, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2593000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3841000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3823000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83343000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6416000 usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>(d)</i></b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of Risks </i></b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The Company’s cash and cash equivalents are on deposit with major financial institutions. Such deposits may be in excess of insured limits from time to time. The Company believes that the financial institutions that hold the Company’s cash are financially sound, and accordingly, minimum credit risk exists with respect to these balances. The Company has not experienced any losses due to institutional failure or bankruptcy. The Company’s customers consist primarily of residential homeowners. The Company performs credit evaluations of its customers and generally does not require collateral for sales on credit. Many residential customers finance their transaction through third-party financing entities from whom the Company collects the receivable. The Company reviews accounts receivable balances to determine if any receivables will potentially be uncollectible and includes any amounts that are determined to be uncollectible in the allowance for credit losses. As of September 29, 2024, three entities had an outstanding balance that represented 27%, 18% and 13% of the total accounts receivable balance. As of December 31, 2023, two entities had an outstanding balance that represented 38% and 16% of the total accounts receivable balance.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of customers </i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0 1pt 0 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">No customers represented more than 10% of gross revenues from continuing operations for the thirteen and thirty-nine weeks ended September 29, 2024 and October 1, 2023.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Concentration of suppliers</i></b></span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the thirteen-weeks ended September 29, 2024, three suppliers represented 56%, 23% and 18%, of the Company’s inventory purchases. For the thirty-nine weeks ended September 29, 2024, three suppliers represented 65%, 20% and 10% of the Company’s inventory purchases. For the thirteen-weeks and thirty-nine weeks ended October 1, 2023, one supplier represented 84% and 86% of the Company’s inventory purchases, respectively.</span></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3800000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
79502000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2593000 usd
CY2024Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3841000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
3823000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
83343000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6416000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5536000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24590000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20068000 usd
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
5536000 usd
CY2023Q4 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
24590000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
20068000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
66887000 usd
CY2024Q3 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
1000000 usd
CY2023Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
1200000 usd
CY2024Q3 cslr Deferred Commission
DeferredCommission
1200000 usd
CY2023Q4 cslr Deferred Commission
DeferredCommission
4200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000 usd
cslr Direct Offering Costs
DirectOfferingCosts
5700000 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
66887000 usd
CY2024Q3 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
1000000 usd
CY2023Q4 us-gaap Amount Of Deferred Costs Related To Long Term Contracts
AmountOfDeferredCostsRelatedToLongTermContracts
1200000 usd
CY2024Q3 cslr Deferred Commission
DeferredCommission
1200000 usd
CY2023Q4 cslr Deferred Commission
DeferredCommission
4200000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2400000 usd
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2500000 usd
cslr Direct Offering Costs
DirectOfferingCosts
5700000 usd
CY2024Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
100601000 usd
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