XML 40 R29.htm IDEA: XBRL DOCUMENT v3.25.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 28, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Reconciles Cash, Cash Equivalents, and Restricted Cash

The Company reconciles cash, cash equivalents, and restricted cash reported in its unaudited condensed consolidated balance sheets that aggregate to the beginning and ending balances shown in the Company’s unaudited condensed consolidated statements of cash flows as follows (in thousands):

 

   As of 
   September 28,
2025
   December 29,
2024
 
Cash and cash equivalents  $5,072   $13,378 
Restricted cash   3,841    3,841 
Total cash, cash equivalents and restricted cash  $8,913   $17,219 
Schedule of Allowance for Credit Losses

The following table summarizes the allowance for credit loss activity as of and for the periods ended (in thousands):

 

   Thirty-Nine Weeks Ended 
   September 28,   September 29, 
   2025   2024 
Balance at beginning of year  $(1,701)  $(9,846)
Provision charged to earnings   (4,159)   (4,204)
Amounts written off, net of recoveries and other adjustments   1,048    1,041 
Balance at end of period  $(4,812)  $(13,009)
Schedule of Contract Assets and Contract Liabilities Balances Total contract liabilities balances as of the respective dates are as follows (in thousands):
   As of 
   September 28,   December 29, 
   2025   2024 
Contract liabilities current and noncurrent   (11,426)   (10,921)
Schedule of Revenue Recognized

Refer to the table below for the Company’s revenue recognized (in thousands)

 

   Thirteen Weeks
Ended
   Thirty-Nine Weeks
Ended
 
   September 28,
2025
   September 29,
2024
   September 28,
2025
   September 29,
2024
 
Residential Solar Installation                
Revenue recognized over time  $38,579   $5,536   $114,097   $20,068 
Total Residential Solar Installation   38,579    5,536    114,097    20,068 
                     
New Homes Business                    
Revenue recognized over time   9,443    
    40,075    
 
Revenue recognized at a point in time   17,673    
    61,787    
 
Total New Homes Business   27,116    
    101,862    
 
                     
Sunder                    
Revenue recognized at a point in time   4,310    
    4,310    
 
Total Sunder   4,310    
    4,310    
 
Total revenue  $70,005   $5,536   $220,269   $20,068 
                     
Total revenue recognized over time  $48,022   $5,536   $154,172   $20,068 
Total revenue recognized at a point in time   21,983    
    66,097    
 
Schedule of Components of Prepaid Expenses and Other Current Assets

The following table summarizes the components of prepaid expenses and other current assets:

 

   As of 
   September 28,   December 29, 
   2025   2024 
Deferred costs  $20,737   $3,759 
Other   93    4,447 
Total prepaid expenses and other current assets  $20,830   $8,206