2023 Q2 Form 10-K Financial Statement

#000149315223012561 Filed on April 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $2.827M $1.452M $26.61M
YoY Change -77.72% 98.35% 1430.39%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $159.2K $177.9K $704.7K
YoY Change -18.21% -6.1% -6.26%
% of Gross Profit
Operating Expenses $2.987M $1.629M $27.31M
YoY Change -76.82% 76.87% 996.72%
Operating Profit -$2.987M -$27.31M
YoY Change -76.82% 996.72%
Interest Expense -$720.00 -$213.0K -$213.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net $724.00 $213.0K
YoY Change
Pretax Income -$2.987M -$1.842M -$27.53M
YoY Change -76.81% 99.99% 1005.28%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.992M -$1.978M -$27.66M
YoY Change -76.77% 114.66% 1010.7%
Net Earnings / Revenue
Basic Earnings Per Share -$0.02 -$0.17
Diluted Earnings Per Share -$0.02 -$0.01 -$0.17
COMMON SHARES
Basic Shares Outstanding 174.4M shares 169.3M shares 162.1M shares
Diluted Shares Outstanding 176.2M shares 162.1M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $507.4K $414.6K $414.6K
YoY Change 183.54% -67.68% -67.68%
Cash & Equivalents $507.4K $414.6K
Short-Term Investments
Other Short-Term Assets $182.1K $77.85K $77.85K
YoY Change 72.58% -53.72% -53.72%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $689.6K $492.4K $492.4K
YoY Change 142.38% -66.06% -66.06%
LONG-TERM ASSETS
Property, Plant & Equipment $19.10M $17.15M $17.15M
YoY Change 99.87% 133.96% 133.96%
Goodwill
YoY Change
Intangibles $1.000K $1.000K
YoY Change 0.0% 0.0%
Long-Term Investments $3.986M $135.2K $3.991M
YoY Change
Other Assets $1.110M $1.158M $1.158M
YoY Change
Total Long-Term Assets $24.20M $22.30M $22.30M
YoY Change 153.17% 204.18% 204.18%
TOTAL ASSETS
Total Short-Term Assets $689.6K $492.4K $492.4K
Total Long-Term Assets $24.20M $22.30M $22.30M
Total Assets $24.89M $22.79M $22.79M
YoY Change 152.86% 159.53% 159.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.409M $5.034M $5.034M
YoY Change 285.53% 3257.34% 3257.23%
Accrued Expenses $945.9K $447.3K $447.3K
YoY Change 838.03% 2381.42% 2381.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.004M $7.523M $7.523M
YoY Change 322.19% 4379.2% 4379.25%
LONG-TERM LIABILITIES
Long-Term Debt $3.562M $3.686M $3.686M
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $3.562M $3.686M $3.686M
YoY Change 77.66% 839.87% 839.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.004M $7.523M $7.523M
Total Long-Term Liabilities $3.562M $3.686M $3.686M
Total Liabilities $11.57M $11.21M $11.21M
YoY Change 196.51% 1901.13% 1901.12%
SHAREHOLDERS EQUITY
Retained Earnings -$39.68M -$34.08M
YoY Change 98.18% 431.29%
Common Stock $53.00M $45.65M
YoY Change 104.13% 211.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.32M $11.58M $11.58M
YoY Change
Total Liabilities & Shareholders Equity $24.89M $22.79M $22.79M
YoY Change 152.86% 159.53% 159.53%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$2.992M -$1.978M -$27.66M
YoY Change -76.77% 114.66% 1010.7%
Depreciation, Depletion And Amortization $159.2K $177.9K $704.7K
YoY Change -18.21% -6.1% -6.26%
Cash From Operating Activities -$2.352M $2.078M -$2.266M
YoY Change -36.03% -429.31% 36.77%
INVESTING ACTIVITIES
Capital Expenditures $685.5K $4.907M $10.52M
YoY Change -138.25% -1720.92% -3575.9%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.419M -$3.847M
YoY Change
Cash From Investing Activities -$685.5K -$7.326M -$14.37M
YoY Change -61.75% 2319.92% 4646.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.050M
YoY Change -2.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.123M 1.600M $15.77M
YoY Change -37.55% 88.05% 402.19%
NET CHANGE
Cash From Operating Activities -2.352M 2.078M -$2.266M
Cash From Investing Activities -685.5K -7.326M -$14.37M
Cash From Financing Activities 3.123M 1.600M $15.77M
Net Change In Cash 84.94K -3.648M -$868.0K
YoY Change -118.1% 4304.58% -173.54%
FREE CASH FLOW
Cash From Operating Activities -$2.352M $2.078M -$2.266M
Capital Expenditures $685.5K $4.907M $10.52M
Free Cash Flow -$3.038M -$2.829M -$12.79M
YoY Change 61.14% 762.02% 844.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001886799
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
usd
CY2021Q4 BGXX Due To Others Current
DueToOthersCurrent
usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
usd
CY2022Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
usd
CY2021Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
usd
CY2021 BGXX Change In Fair Value Of Voting Agreement Derivative
ChangeInFairValueOfVotingAgreementDerivative
usd
CY2021 us-gaap Other Expenses
OtherExpenses
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 BGXX Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
usd
CY2021 BGXX Change In Fair Value Of Voting Agreement Derivative
ChangeInFairValueOfVotingAgreementDerivative
usd
CY2021 BGXX Equity In Net Losses Of Affiliate
EquityInNetLossesOfAffiliate
usd
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
usd
CY2021 BGXX Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
usd
CY2021 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
usd
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
usd
CY2021 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
usd
CY2021 us-gaap Transfer Of Investments
TransferOfInvestments
usd
CY2021Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
usd
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2022 dei Document Type
DocumentType
10-K
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Period End Date
DocumentPeriodEndDate
2022-12-31
CY2022 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2022 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2022
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity File Number
EntityFileNumber
001-41395
CY2022 dei Entity Registrant Name
EntityRegistrantName
BRIGHT GREEN CORPORATION
CY2022 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
83-4600841
CY2022 dei Entity Address Address Line1
EntityAddressAddressLine1
1033 George Hanosh Boulevard
CY2022 dei Entity Address City Or Town
EntityAddressCityOrTown
Grants
CY2022 dei Entity Address State Or Province
EntityAddressStateOrProvince
NM
CY2022 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
87020
CY2022 dei City Area Code
CityAreaCode
(833)
CY2022 dei Local Phone Number
LocalPhoneNumber
658-1799
CY2022 dei Security12b Title
Security12bTitle
Common stock, $0.0001 par value per share
CY2022 dei Trading Symbol
TradingSymbol
BGXX
CY2022 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2022 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2022 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2022 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022 dei Entity Small Business
EntitySmallBusiness
true
CY2022 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
CY2022 dei Entity Ex Transition Period
EntityExTransitionPeriod
false
CY2022 dei Icfr Auditor Attestation Flag
IcfrAuditorAttestationFlag
false
CY2022 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 dei Entity Public Float
EntityPublicFloat
141818084 usd
CY2023Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
174423810 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11578836 usd
CY2022 dei Auditor Location
AuditorLocation
Amherst, NY
CY2022 dei Auditor Name
AuditorName
SRCO, C.P.A., Professional Corporation
CY2022 dei Auditor Firm
AuditorFirmId
6722
CY2022Q4 us-gaap Cash
Cash
414574 usd
CY2021Q4 us-gaap Cash
Cash
1282565 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
77847 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
168226 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
492421 usd
CY2021Q4 us-gaap Assets Current
AssetsCurrent
1450791 usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
1157587 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
3990960 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17146325 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7328764 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1000 usd
CY2022Q4 us-gaap Assets
Assets
22788293 usd
CY2021Q4 us-gaap Assets
Assets
8780555 usd
CY2022Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
5033831 usd
CY2021Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
149935 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
447325 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
18027 usd
CY2022Q4 BGXX Due To Others Current
DueToOthersCurrent
1650000 usd
CY2022Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
392194 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7523350 usd
CY2021Q4 us-gaap Liabilities Current
LiabilitiesCurrent
167962 usd
CY2021Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
392194 usd
CY2022Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3686107 usd
CY2022Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
3686107 usd
CY2021Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
392194 usd
CY2022Q4 us-gaap Liabilities
Liabilities
11209457 usd
CY2021Q4 us-gaap Liabilities
Liabilities
560156 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
173304800 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
173304800 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
157544500 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
157544500 shares
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
17329 usd
CY2021Q4 us-gaap Common Stock Value
CommonStockValue
15754 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
45637328 usd
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
14618389 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34075821 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6413744 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8220399 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22788293 usd
CY2021Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8780555 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
26609241 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1738716 usd
CY2022 us-gaap Depreciation
Depreciation
704681 usd
CY2021 us-gaap Depreciation
Depreciation
751783 usd
CY2022 us-gaap Operating Expenses
OperatingExpenses
27313922 usd
CY2021 us-gaap Operating Expenses
OperatingExpenses
2490499 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
-27313922 usd
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
-2490499 usd
CY2022 BGXX Change In Fair Value Of Voting Agreement Derivative
ChangeInFairValueOfVotingAgreementDerivative
213000 usd
CY2022 us-gaap Other Expenses
OtherExpenses
213000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-27526922 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2490499 usd
CY2022 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-27526922 usd
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-2490499 usd
CY2022 BGXX Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
-135155 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-27662077 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2490499 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
162058082 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
156800164 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.02
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
7220898 usd
CY2021 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
360000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3130000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2490499 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8220399 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
8220399 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3050000 usd
CY2022 us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
863267 usd
CY2022 BGXX Common Stock And Warrants Issued Value For Cash In Private Placements
CommonStockAndWarrantsIssuedValueForCashInPrivatePlacements
9136733 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
18851232 usd
CY2022 BGXX Stock Cancelled During Period Value Issued For Services
StockCancelledDuringPeriodValueIssuedForServices
-17451 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-27662077 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11578836 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
11578836 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-27662077 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2490499 usd
CY2022 BGXX Change In Fair Value Of Voting Agreement Derivative
ChangeInFairValueOfVotingAgreementDerivative
213000 usd
CY2022 BGXX Equity In Net Losses Of Affiliate
EquityInNetLossesOfAffiliate
135155 usd
CY2022 us-gaap Depreciation
Depreciation
704681 usd
CY2021 us-gaap Depreciation
Depreciation
751783 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
18833781 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
360000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-90379 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
149153 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4883896 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-30403 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
429298 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-98303 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-106117 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2265770 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1656575 usd
CY2022 BGXX Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
1157587 usd
CY2022 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2689115 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
10522242 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
302717 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14368944 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-302717 usd
CY2021 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
122514 usd
CY2021 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
112920 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
5191057 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1611067 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3050000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3130000 usd
CY2022 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
9136733 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15766723 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3139594 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-867991 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1180302 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1282565 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
102263 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
414574 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1282565 usd
CY2022 us-gaap Transfer Of Investments
TransferOfInvestments
1650000 usd
CY2022 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2019-04-16
CY2022 us-gaap Revenues
Revenues
0 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-27662077 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2490499 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2265770 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1656575 usd
CY2022Q4 BGXX Working Capital
WorkingCapital
-7030929 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-34075821 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
12186733 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
5191057 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1611067 usd
CY2022Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
11300000 usd
CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
213000 usd
CY2022 BGXX Change In Fair Value Of Voting Agreement Derivative
ChangeInFairValueOfVotingAgreementDerivative
213000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
78193 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
68571 usd
CY2022 us-gaap Income Tax Examination Description
IncomeTaxExaminationDescription
The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination
CY2022 us-gaap Revenues
Revenues
0 usd
CY2021 us-gaap Revenues
Revenues
0 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84A_eus-gaap--UseOfEstimates_zVonxPeM9Sfd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">K.</span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86A_z71weYIrXZAl">Use of Estimates</span></span></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. This applies in particular to valuation allowance for deferred tax assets, valuation of warrants and stock-based compensation, valuation of option related to equity investment, going concern assessment and assignment of the useful lives of property, plant and equipment. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.</span></p>
CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
201761982 shares
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
3999999
CY2022Q4 us-gaap Liabilities Related To Investment Contracts Fair Value Disclosure
LiabilitiesRelatedToInvestmentContractsFairValueDisclosure
1650000 usd
CY2021Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
1000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1000 usd
CY2022Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2022Q4 us-gaap Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
187821 usd
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
2000000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
807047948 shares
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.67 pure
CY2022Q4 BGXX Enterprise Value Cash
EnterpriseValueCash
50000000 usd
CY2022Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
339115 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
135155 usd
CY2022Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
88690 usd
CY2022Q4 us-gaap Land
Land
260000 usd
CY2021Q4 us-gaap Land
Land
260000 usd
CY2022Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
10736269 usd
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
302717 usd
CY2022Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8883851 usd
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
8883851 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
19968810 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9446568 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2822485 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2117804 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
17146325 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
7328764 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
106117 usd
CY2022Q4 us-gaap Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
1000 usd
CY2022 us-gaap Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
2219285 usd
CY2022 BGXX Payments For Acquire Property Deposit
PaymentsForAcquirePropertyDeposit
1109643 usd
CY2022 us-gaap Payments For Deposits
PaymentsForDeposits
1109642 usd
CY2022Q4 us-gaap Construction Contract Cost Progress Payment Offset
ConstructionContractCostProgressPaymentOffset
47944 usd
CY2022 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
1611067 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
106117 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
106117 usd
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2022Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
173304800 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
173304800 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
157544500 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
157544500 shares
CY2022 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
800000 usd
CY2022 us-gaap Legal Fees
LegalFees
55617 usd
CY2022Q4 us-gaap Escrow Deposit
EscrowDeposit
7650 usd
CY2022Q4 us-gaap Share Price
SharePrice
1.65
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.05
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.743 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0341 pure
CY2022 BGXX Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dilutive Issuance Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDilutiveIssuanceRate
0.15 pure
CY2022Q3 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
4489662 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.258 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.258 pure
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-27662077 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-2490499 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5727839 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-515114 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1309220 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-117740 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-7037059 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-632854 usd
CY2022 BGXX Valuation Allowances Of Income Tax Expense Benefit
ValuationAllowancesOfIncomeTaxExpenseBenefit
-7037059 usd
CY2021 BGXX Valuation Allowances Of Income Tax Expense Benefit
ValuationAllowancesOfIncomeTaxExpenseBenefit
-632854 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
728201 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
546393 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
7294146 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
438894 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
8022347 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
985287 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8022347 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
985287 usd
CY2022Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
392194 usd
CY2021Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
392194 usd
CY2022Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
3686107 usd
CY2022 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
<p id="xdx_801_eus-gaap--LossContingencyDisclosures_zouNs7vOoMai" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15. </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_824_zxjuusupgt47">Contingencies</span> </span></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In the ordinary course of business, the Company is routinely defendants in, or parties to a number of pending and threatened legal actions including actions brought on behalf of various classes of claimants. In view of the inherent difficulty of predicting the outcome of such matters, the Company cannot state what the eventual outcome of such matters will be. Legal provisions are established when it becomes probable that the Company will incur an expense related to a legal action and the amount can be reliably estimated. Such provisions are recorded at the best estimate of the amount required to settle any obligation related to these legal actions as at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation. Management and internal and external experts are involved in estimating any amounts that may be required. The actual costs of resolving these claims may vary significantly from the amount of the legal provisions. The Company’s estimate involves significant judgement, given the varying stages of the proceedings, the fact that the Company’s liability, if any, has yet to be determined and the fact that the underlying matters will change from time to time. Other than as set forth below, the Company is not presently a party to any litigation. The Company is not able to make a reliable assessment of the potential losses as these matters are at an early stage, accordingly, no amounts have been accrued in the financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">15. </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Contingencies (continued)</span></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"/> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Bright Green Corporation v. John Fikany, State of New Mexico, County of Cibola, Thirteenth Judicial District</i>. In this matter, the Company filed a complaint for declaratory judgment against a consultant of the <span id="xdx_90B_eus-gaap--LossContingencyActionsTakenByDefendant_c20220101__20221231__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zWXCBNTubT1k" title="Contingency, taken by defendant description">Bright Green Group of Companies, an entity unrelated to the Company, to determine if defendant is entitled to 5,000,000 shares of the Company’s common stock, based on a failure to fulfill agreed upon conditions precedent to earning such shares from the Company.</span> Defendant counterclaimed and filed a third-party claim against a director of the Company, and her spouse, for claims including wrongful termination and breach of contract. The Company denies defendants allegations and have set forth arguments refuting defendant’s counterclaims and third-party claims. The case is in the discovery phase. The Company is exploring potential dispositive motions against the counter and third-party claims.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Bright Green Corporation v. Jerry Capussi, State of New Mexico, County of Cibola, Thirteenth Judicial District</i>. In this matter, the Company and defendant, a former consultant of Sunnyland Farms Inc., an entity unrelated to the Company, have each filed claims for declaratory judgment seeking to determine by court order whether defendant is entitled to <span id="xdx_90F_eus-gaap--LossContingencyActionsTakenByDefendant_c20220101__20221231_zSXgrYMdA14g" title="Contingency, taken by defendant description">(i) shares of common stock in the Company (amounting to no more than 108,000 shares) or (ii) fair market value of defendant’s equity ownership of BGGI</span>. The lawsuit is in early discovery stages, and the Company is preparing arguments for a summary judgment motion. There are no claims for specific monetary liability against either party.</span></p>
CY2022 us-gaap Loss Contingency Actions Taken By Defendant
LossContingencyActionsTakenByDefendant
(i) shares of common stock in the Company (amounting to no more than 108,000 shares) or (ii) fair market value of defendant’s equity ownership of BGGI

Files In Submission

Name View Source Status
bgxx-20221231_cal.xml Edgar Link unprocessable
0001493152-23-012561-index-headers.html Edgar Link pending
0001493152-23-012561-index.html Edgar Link pending
0001493152-23-012561.txt Edgar Link pending
0001493152-23-012561-xbrl.zip Edgar Link pending
audit_001.jpg Edgar Link pending
bgxx-20221231.xsd Edgar Link pending
ex23-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
ex4-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
bgxx-20221231_def.xml Edgar Link unprocessable
bgxx-20221231_lab.xml Edgar Link unprocessable
bgxx-20221231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form10-k_htm.xml Edgar Link completed
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending