SMG Industries Inc.

2023 Q4 Form 10-Q Financial Statement

#000141057823002468 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.670M
YoY Change 827.99%
Cash & Equivalents $3.669M
Short-Term Investments
Other Short-Term Assets $6.700M
YoY Change 44.12%
Inventory $787.5K
Prepaid Expenses
Receivables $16.96M
Other Receivables $0.00
Total Short-Term Assets $28.11M
YoY Change 68.34%
LONG-TERM ASSETS
Property, Plant & Equipment $28.36M
YoY Change 322.46%
Goodwill $2.347M
YoY Change
Intangibles $13.69M
YoY Change
Long-Term Investments
YoY Change
Other Assets $223.5K
YoY Change -36.96%
Total Long-Term Assets $48.01M
YoY Change 506.25%
TOTAL ASSETS
Total Short-Term Assets $28.11M
Total Long-Term Assets $48.01M
Total Assets $76.13M
YoY Change 209.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.830M
YoY Change -24.84%
Accrued Expenses $8.180M
YoY Change 113.59%
Deferred Revenue
YoY Change
Short-Term Debt $10.04M
YoY Change 17.07%
Long-Term Debt Due $34.30M
YoY Change 153.96%
Total Short-Term Liabilities $55.97M
YoY Change 84.54%
LONG-TERM LIABILITIES
Long-Term Debt $2.160M
YoY Change -88.24%
Other Long-Term Liabilities $2.990M
YoY Change 325.13%
Total Long-Term Liabilities $5.150M
YoY Change -72.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $55.97M
Total Long-Term Liabilities $5.150M
Total Liabilities $61.12M
YoY Change 23.73%
SHAREHOLDERS EQUITY
Retained Earnings -$47.81M
YoY Change 11.48%
Common Stock $62.81M
YoY Change 246.92%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $15.01M
YoY Change
Total Liabilities & Shareholders Equity $76.13M
YoY Change 209.2%

Cashflow Statement

Concept 2023 Q4 2023 Q3

Facts In Submission

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dei Trading Symbol
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SMG INDUSTRIES, INC.
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DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
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20475 State Hwy 249, Suite 450
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Houston
dei Entity Address State Or Province
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TX
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955-3497
dei Security12b Title
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us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1214162
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3124398
smgi Interest Expense Shares Issued For Debt Extension
InterestExpenseSharesIssuedForDebtExtension
-1180618
smgi Interest Expense Shares Issued For Debt Extension
InterestExpenseSharesIssuedForDebtExtension
-643467
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
509785
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
340447
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
148762
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
40301
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
3381248
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
564814
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
351904
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-634923
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-6519
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2562807
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-2775210
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
9056
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-81937
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
187239
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-655354
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-144341
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
-463304
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
144226
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
2397679
us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-706001
smgi Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
515132
smgi Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
75758
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-128000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
1632691
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-580253
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-42554
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1590137
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-580253
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
24073176
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1500
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
329271
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1334487
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
47201
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-25406163
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
282070
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25406163
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
282070
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
8330000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
400000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3373955
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
507037
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-921462
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
33686058
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
5229098
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
12496347
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3624328
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
50000
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
421946
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
27424739
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
683308
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-33326
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
27391413
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
683308
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3575387
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
385125
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1233043
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1116176
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4808430
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1501301
us-gaap Interest Paid Net
InterestPaidNet
4666244
us-gaap Interest Paid Net
InterestPaidNet
3600469
smgi Prepaid Expenses And Other Current Assets Financed With Note Payable
PrepaidExpensesAndOtherCurrentAssetsFinancedWithNotePayable
4132552
smgi Prepaid Expenses And Other Current Assets Financed With Note Payable
PrepaidExpensesAndOtherCurrentAssetsFinancedWithNotePayable
3638407
smgi Noncash Shares Issued For Deferred Financing Costs
NoncashSharesIssuedForDeferredFinancingCosts
543136
smgi Noncash Shares Issued For Deferred Financing Costs
NoncashSharesIssuedForDeferredFinancingCosts
397773
smgi Non Cash Shares Issued For Settlement Of Debt
NonCashSharesIssuedForSettlementOfDebt
9682900
smgi Non Cash Shares Issued For Settlement Of Debt
NonCashSharesIssuedForSettlementOfDebt
138750
smgi Non Cash Shares Issued For Convertible Notes Payable And Accrued Interest
NonCashSharesIssuedForConvertibleNotesPayableAndAccruedInterest
9746706
smgi Convertible Notes Payable Issued To Settle Accounts Payable And Accrued Expenses
ConvertibleNotesPayableIssuedToSettleAccountsPayableAndAccruedExpenses
250000
smgi Non Cash Note Receivable For Property And Equipment
NonCashNoteReceivableForPropertyAndEquipment
47028
smgi Non Cash Note Receivable For Property And Equipment
NonCashNoteReceivableForPropertyAndEquipment
500209
smgi Equipment Financed With Note Payable
EquipmentFinancedWithNotePayable
327661
smgi Equipment Financed With Note Payable
EquipmentFinancedWithNotePayable
963662
smgi Non Cash Cumulative Effect Adjustment Upon Adoption Of Accounting Standard
NonCashCumulativeEffectAdjustmentUponAdoptionOfAccountingStandard
1207777
smgi Preferred Stock Dividends Payable
PreferredStockDividendsPayable
126547
CY2023Q3 smgi Maximum Capacity Of Loads
MaximumCapacityOfLoads
500000
CY2023Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
2598167
CY2022Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
854207
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3668846
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
127225
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1139584
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1105818
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4808430
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1233043
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><span style="font-style:italic;font-weight:bold;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation.</p>
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
4694664
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-3486887
CY2023Q1 smgi Unamortized Debt Discount Of Reduction
UnamortizedDebtDiscountOfReduction
1207777
CY2023Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
33840586
CY2022Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
40407628
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
108254918
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
116689722
CY2023Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-3176064
CY2022Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
224972
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-4173154
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1024826
CY2023Q3 smgi Business Acquisitions Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionsProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-4246035
CY2022Q3 smgi Business Acquisitions Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionsProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-1520894
smgi Business Acquisitions Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionsProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-8359962
smgi Business Acquisitions Pro Forma Net Income Loss Available To Common Stockholders Basic
BusinessAcquisitionsProFormaNetIncomeLossAvailableToCommonStockholdersBasic
-5468840
CY2023Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.02
CY2023Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.02
CY2022Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.01
CY2022Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.01
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.03
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.03
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
-0.02
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
-0.02
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
47697018
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20744647
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19341254
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
15329817
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
28355764
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5414830
CY2023Q3 us-gaap Depreciation
Depreciation
2485305
CY2022Q3 us-gaap Depreciation
Depreciation
1398753
us-gaap Depreciation
Depreciation
4011437
us-gaap Depreciation
Depreciation
4144644
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
14060000
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
370500
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
13689500
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
370500
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
370500
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
370500
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1482000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1482000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1482000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
1482000
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
7391000
CY2023Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1361015
CY2022Q4 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
1236643
CY2023Q3 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
345085
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
166948
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
101977
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
400049
CY2023Q3 smgi Operational Accrued Expenses
OperationalAccruedExpenses
5054056
CY2022Q4 smgi Operational Accrued Expenses
OperationalAccruedExpenses
871720
CY2023Q3 smgi Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
238616
CY2022Q4 smgi Accrued General And Administrative Expenses
AccruedGeneralAndAdministrativeExpenses
59621
CY2023Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
126547
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
197687
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
109520
CY2023Q3 smgi Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
7424983
CY2022Q4 smgi Accrued Liabilities And Other Liabilities Current
AccruedLiabilitiesAndOtherLiabilitiesCurrent
2844501
CY2023Q3 us-gaap Notes Payable
NotesPayable
31473509
CY2022Q4 us-gaap Notes Payable
NotesPayable
20207949
CY2023Q3 us-gaap Notes Payable Current
NotesPayableCurrent
29577004
CY2022Q4 us-gaap Notes Payable Current
NotesPayableCurrent
6987802
CY2023Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
69599
CY2022Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
13220147
CY2023Q3 us-gaap Unsecured Debt
UnsecuredDebt
7225661
CY2022Q4 us-gaap Unsecured Debt
UnsecuredDebt
2465445
CY2023Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
4725665
CY2022Q4 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
2465445
CY2023Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
2086906
CY2022Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
0
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
47472665
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
523994
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
525856
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
519761
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
500004
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
499980
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
50042260
CY2023Q1 smgi Interest Expense Shares Issued For Debt Extension
InterestExpenseSharesIssuedForDebtExtension
-1180618
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
52058785
CY2023Q3 smgi Shares Issued During Period Conversion Of Notes Payable And Accrued Interest Shares
SharesIssuedDuringPeriodConversionOfNotesPayableAndAccruedInterestShares
88148625
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3008246
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3008246
CY2023Q1 smgi Number Of Purchasers Of New Promissory Notes
NumberOfPurchasersOfNewPromissoryNotes
4
CY2023Q1 smgi Number Of Purchasers Of New Promissory Notes
NumberOfPurchasersOfNewPromissoryNotes
4
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
543136
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
543136
smgi Number Of Options Vest Upon Issuance
NumberOfOptionsVestUponIssuance
80000
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueOutstanding
155500
CY2023Q3 smgi Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Operating Lease Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOperatingLeaseLiabilities
3171744
CY2023Q3 smgi Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Right Of Use Assets Operating Lease
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesRightOfUseAssetsOperatingLease
3171744
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
291589
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
134792
us-gaap Operating Lease Cost
OperatingLeaseCost
550674
us-gaap Operating Lease Cost
OperatingLeaseCost
569983
CY2023Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1232132
CY2022Q3 us-gaap Short Term Lease Cost
ShortTermLeaseCost
76086
us-gaap Short Term Lease Cost
ShortTermLeaseCost
1795400
us-gaap Short Term Lease Cost
ShortTermLeaseCost
343399
CY2023Q3 us-gaap Lease Cost
LeaseCost
1523721
CY2022Q3 us-gaap Lease Cost
LeaseCost
210878
us-gaap Lease Cost
LeaseCost
2346074
us-gaap Lease Cost
LeaseCost
913382
us-gaap Operating Lease Payments
OperatingLeasePayments
515132
us-gaap Operating Lease Payments
OperatingLeasePayments
75758
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3396463
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
734504
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
948291
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
650945
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2637403
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
278137
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3585694
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
929082
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.077
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.086
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
473146
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
926767
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
682531
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
659184
CY2023Q3 smgi Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
1647960
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4389588
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
803894
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
3585694
CY2023Q3 smgi Number Of Additional Leases
NumberOfAdditionalLeases
0
smgi Related Party Transaction Rental Services
RelatedPartyTransactionRentalServices
600566
smgi Related Party Transaction Rental Services
RelatedPartyTransactionRentalServices
290065
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
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