2023 Q3 Form 10-Q Financial Statement
#000149315223029157 Filed on August 16, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
Revenue | |||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $1.651M | $2.827M | $12.69M |
YoY Change | -70.72% | -77.72% | 5099.34% |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $160.9K | $159.2K | $194.7K |
YoY Change | 14.68% | -18.21% | 3.86% |
% of Gross Profit | |||
Operating Expenses | $1.812M | $2.987M | $12.88M |
YoY Change | -68.64% | -76.82% | 2885.86% |
Operating Profit | -$1.812M | -$2.987M | -$12.88M |
YoY Change | -68.64% | -76.82% | 2885.86% |
Interest Expense | $0.00 | -$720.00 | |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $724.00 | ||
YoY Change | |||
Pretax Income | -$1.812M | -$2.987M | -$12.88M |
YoY Change | -68.64% | -76.81% | 2885.87% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.991M | -$2.992M | -$12.88M |
YoY Change | -65.53% | -76.77% | 2885.86% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.01 | -$0.02 | -$0.08 |
Diluted Earnings Per Share | -$0.01 | -$0.02 | -$80.73K |
COMMON SHARES | |||
Basic Shares Outstanding | 179.6M shares | 174.4M shares | 159.6M shares |
Diluted Shares Outstanding | 180.6M shares | 176.2M shares | 158.9M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $121.7K | $507.4K | $179.0K |
YoY Change | -97.0% | 183.54% | -87.12% |
Cash & Equivalents | $121.7K | $507.4K | $179.0K |
Short-Term Investments | |||
Other Short-Term Assets | $156.7K | $182.1K | $105.5K |
YoY Change | 73.0% | 72.58% | 1219.13% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $278.4K | $689.6K | $284.5K |
YoY Change | -93.3% | 142.38% | -79.65% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $19.14M | $19.10M | $9.557M |
YoY Change | 54.16% | 99.87% | 29.06% |
Goodwill | |||
YoY Change | |||
Intangibles | $1.000K | $1.000K | $1.000K |
YoY Change | 0.0% | 0.0% | |
Long-Term Investments | $3.806M | $3.986M | |
YoY Change | |||
Other Assets | $1.110M | $1.110M | |
YoY Change | -22.29% | ||
Total Long-Term Assets | $24.06M | $24.20M | $9.558M |
YoY Change | 73.76% | 153.17% | 29.05% |
TOTAL ASSETS | |||
Total Short-Term Assets | $278.4K | $689.6K | $284.5K |
Total Long-Term Assets | $24.06M | $24.20M | $9.558M |
Total Assets | $24.34M | $24.89M | $9.842M |
YoY Change | 35.21% | 152.86% | 11.79% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $5.929M | $5.409M | $1.403M |
YoY Change | 189.5% | 285.53% | 1325.55% |
Accrued Expenses | $1.146M | $945.9K | $100.8K |
YoY Change | 202.35% | 838.03% | -17.25% |
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 | $8.725M | $8.004M | $1.896M |
YoY Change | 209.48% | 322.19% | 760.76% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $3.562M | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.005M | ||
YoY Change | 408.95% | ||
Total Long-Term Liabilities | $3.562M | $2.005M | |
YoY Change | 77.66% | 408.95% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $8.725M | $8.004M | $1.896M |
Total Long-Term Liabilities | $3.562M | $2.005M | |
Total Liabilities | $8.725M | $11.57M | $3.901M |
YoY Change | 79.76% | 196.51% | 535.13% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$41.67M | -$39.68M | -$20.02M |
YoY Change | 29.83% | 98.18% | |
Common Stock | $57.29M | $53.00M | $25.96M |
YoY Change | 38.37% | 104.13% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $15.61M | $13.32M | $5.941M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $24.34M | $24.89M | $9.842M |
YoY Change | 35.21% | 152.86% | 11.79% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 | 2022 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.991M | -$2.992M | -$12.88M |
YoY Change | -65.53% | -76.77% | 2885.86% |
Depreciation, Depletion And Amortization | $160.9K | $159.2K | $194.7K |
YoY Change | 14.68% | -18.21% | 3.86% |
Cash From Operating Activities | -$393.4K | -$2.352M | -$3.677M |
YoY Change | -51.08% | -36.03% | 630.26% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$65.84K | $685.5K | -$1.792M |
YoY Change | -97.81% | -138.25% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$50.00K | $0.00 | |
YoY Change | -96.5% | ||
Cash From Investing Activities | $15.84K | -$685.5K | -$1.792M |
YoY Change | -100.36% | -61.75% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -5.250K | 3.123M | 5.000M |
YoY Change | -100.06% | -37.55% | 179.13% |
NET CHANGE | |||
Cash From Operating Activities | -393.4K | -2.352M | -3.677M |
Cash From Investing Activities | 15.84K | -685.5K | -1.792M |
Cash From Financing Activities | -5.250K | 3.123M | 5.000M |
Net Change In Cash | -382.8K | 84.94K | -469.2K |
YoY Change | -109.86% | -118.1% | -136.44% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$393.4K | -$2.352M | -$3.677M |
Capital Expenditures | -$65.84K | $685.5K | -$1.792M |
Free Cash Flow | -$327.6K | -$3.038M | -$1.885M |
YoY Change | -114.91% | 61.14% | 274.37% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | |
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001886799 | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
usd | ||
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
usd | |
CY2022Q2 | us-gaap |
Other Expenses
OtherExpenses
|
usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
CY2022Q2 | BGXX |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
|
usd | |
BGXX |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
|
usd | ||
BGXX |
Equity In Net Losses Of Affiliate
EquityInNetLossesOfAffiliate
|
usd | ||
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
usd | ||
BGXX |
Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
|
usd | ||
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
usd | ||
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
usd | ||
BGXX |
Transfer From Due To Related Party To Related Party Loc
TransferFromDueToRelatedPartyToRelatedPartyLOC
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
usd | |
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-06-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
001-41395 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
BRIGHT GREEN CORPORATION | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
83-4600841 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1033 George Hanosh Boulevard | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Grants | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NM | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
87020 | ||
dei |
City Area Code
CityAreaCode
|
(833) | ||
dei |
Local Phone Number
LocalPhoneNumber
|
658-1799 | ||
dei |
Entity Information Former Legal Or Registered Name
EntityInformationFormerLegalOrRegisteredName
|
Not Applicable | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock, par value $0.0001 per share | ||
dei |
Trading Symbol
TradingSymbol
|
BGXX | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
true | ||
dei |
Entity Ex Transition Period
EntityExTransitionPeriod
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2023Q3 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
179620858 | shares |
CY2023Q2 | us-gaap |
Cash
Cash
|
507445 | usd |
CY2022Q4 | us-gaap |
Cash
Cash
|
414574 | usd |
CY2023Q2 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
182117 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
|
77847 | usd |
CY2023Q2 | us-gaap |
Assets Current
AssetsCurrent
|
689562 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
492421 | usd |
CY2023Q2 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
1109643 | usd |
CY2022Q4 | us-gaap |
Deposits Assets Noncurrent
DepositsAssetsNoncurrent
|
1157587 | usd |
CY2023Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
3986019 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
3990960 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19100647 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
17146325 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1000 | usd |
CY2023Q2 | us-gaap |
Assets
Assets
|
24886871 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
22788293 | usd |
CY2023Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5408503 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
5033831 | usd |
CY2023Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
945911 | usd |
CY2022Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
447325 | usd |
CY2023Q2 | BGXX |
Due To Others Current
DueToOthersCurrent
|
1650000 | usd |
CY2022Q4 | BGXX |
Due To Others Current
DueToOthersCurrent
|
1650000 | usd |
CY2023Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
8004414 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
7523350 | usd |
CY2023Q2 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
3561657 | usd |
CY2022Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
3686107 | usd |
CY2023Q2 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3561657 | usd |
CY2022Q4 | us-gaap |
Liabilities Noncurrent
LiabilitiesNoncurrent
|
3686107 | usd |
CY2023Q2 | us-gaap |
Liabilities
Liabilities
|
11566071 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
11209457 | usd |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
179483020 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
179483020 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
173304800 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
173304800 | shares |
CY2023Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
17948 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
17329 | usd |
CY2023Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
52984109 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
45637328 | usd |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-39681257 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-34075821 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13320800 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11578836 | usd |
CY2023Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
24886871 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
22788293 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2827296 | usd |
CY2022Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
18986431 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
5282378 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
19520971 | usd | |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
159210 | usd |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
194662 | usd |
us-gaap |
Depreciation
Depreciation
|
316751 | usd | |
us-gaap |
Depreciation
Depreciation
|
386468 | usd | |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
2986506 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
19181093 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
5599129 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
19907439 | usd | |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-2986506 | usd |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-19181093 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5599129 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-19907439 | usd | |
CY2023Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-724 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1366 | usd | |
CY2023Q2 | us-gaap |
Other Expenses
OtherExpenses
|
724 | usd |
us-gaap |
Other Expenses
OtherExpenses
|
1366 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-2987230 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-19181093 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5600495 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-19907439 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-2987230 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-19181093 | usd |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-5600495 | usd | |
us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-19907439 | usd | |
CY2023Q2 | BGXX |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
|
-4941 | usd |
BGXX |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest Equity In Net Losses Of Affiliate
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterestEquityInNetLossesOfAffiliate
|
-4941 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2992171 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19181093 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5605436 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-19907439 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
176240466 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
176240466 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
158901214 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
158901214 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
174851640 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
174851640 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
158231923 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
158231923 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
176240466 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
158901214 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
174851640 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
158231923 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.13 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.13 | ||
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11759471 | usd |
CY2023Q2 | us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
395250 | usd |
CY2023Q2 | BGXX |
Common Stock And Warrants Issued Value For Cash In Private Placements
CommonStockAndWarrantsIssuedValueForCashInPrivatePlacements
|
3104750 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
1448750 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2992171 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13320800 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11578836 | usd |
us-gaap |
Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
|
395250 | usd | |
BGXX |
Common Stock And Warrants Issued Value For Cash In Private Placements
CommonStockAndWarrantsIssuedValueForCashInPrivatePlacements
|
3104750 | usd | |
BGXX |
Stock Issued During Period Value Warrants Exercised For Cash
StockIssuedDuringPeriodValueWarrantsExercisedForCash
|
210000 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
880000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
880000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
2272650 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5605436 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13320800 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7544053 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
7544053 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3000000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14595920 | usd |
CY2022Q2 | BGXX |
Stock Cancelled During Period Value Issued For Services
StockCancelledDuringPeriodValueIssuedForServices
|
-17452 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19181093 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5941428 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5941428 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8220399 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8220399 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3050000 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
14595920 | usd | |
BGXX |
Stock Cancelled During Period Value Issued For Services
StockCancelledDuringPeriodValueIssuedForServices
|
-17452 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-19907439 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5941428 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
5941428 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5605436 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-19907439 | usd | |
BGXX |
Equity In Net Losses Of Affiliate
EquityInNetLossesOfAffiliate
|
4941 | usd | |
us-gaap |
Depreciation
Depreciation
|
316751 | usd | |
us-gaap |
Depreciation
Depreciation
|
386468 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2272650 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
14578468 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
104270 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-62700 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
374672 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
1252950 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
498586 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
87580 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
163356 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2078750 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3539273 | usd | |
BGXX |
Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
|
-47944 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2271073 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
2614319 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2223129 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2614319 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
200000 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
2000000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
880000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
3050000 | usd | |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3104750 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
210000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4394750 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5050000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
92871 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1103592 | 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 |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
507445 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
178973 | usd |
BGXX |
Transfer From Due To Related Party To Related Party Loc
TransferFromDueToRelatedPartyToRelatedPartyLOC
|
392194 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
880000 | usd | |
dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2019-04-16 | ||
us-gaap |
Revenues
Revenues
|
0 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5605436 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-19907439 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2078750 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3539273 | usd | |
CY2023Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-39681257 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-34075821 | usd |
CY2023Q2 | BGXX |
Working Capital
WorkingCapital
|
-7314852 | usd |
CY2022Q4 | BGXX |
Working Capital
WorkingCapital
|
-7030929 | usd |
us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3104750 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
880000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
210000 | usd | |
us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
200000 | usd | |
CY2023Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
15000000 | usd |
us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
392194 | usd | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
880000 | usd | |
us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
22005 | shares | |
CY2023Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
39.99 | |
CY2023Q2 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
11400000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
880000 | usd |
CY2023Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
880000 | usd |
CY2023Q1 | us-gaap |
Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
|
22005 | shares |
CY2023Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
39.99 | |
us-gaap |
Advertising Expense
AdvertisingExpense
|
20333 | usd | |
us-gaap |
Advertising Expense
AdvertisingExpense
|
35857 | usd | |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
200000 | usd |
CY2023Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
179483020 | shares |
CY2023Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
179483020 | shares |
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. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_849_eus-gaap--UseOfEstimates_zWrwmTmpCkQg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">K.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86B_zZs0DiLe8s9f">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 0 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed 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 condensed 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, 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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2023Q2 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q2 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
271268 | usd |
CY2022Q4 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
187821 | usd |
CY2023Q1 | BGXX |
Equity In Net Losses Of Affiliate
EquityInNetLossesOfAffiliate
|
4941 | usd |
CY2023Q2 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
88690 | usd |
CY2022Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
88690 | usd |
CY2023Q2 | us-gaap |
Land
Land
|
260000 | usd |
CY2022Q4 | us-gaap |
Land
Land
|
260000 | usd |
CY2023Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
13007342 | usd |
CY2022Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
10736269 | usd |
CY2023Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
8883851 | usd |
CY2022Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
8883851 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
22239883 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
19968810 | usd |
CY2023Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3139236 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
2822485 | usd |
CY2023Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
19100647 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
17146325 | usd |
CY2023Q2 | us-gaap |
Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
|
1000 | usd |
CY2022Q4 | us-gaap |
Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
|
1000 | usd |
CY2023Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1000 | usd |
CY2022Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1000 | usd |
CY2022Q4 | us-gaap |
Construction Contract Cost Progress Payment Offset
ConstructionContractCostProgressPaymentOffset
|
47944 | usd |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
392194 | usd |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
173304800 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
173304800 | shares |
CY2023Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
880000 | usd |
CY2023Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
880000 | usd |
BGXX |
Warrant Redeemed Or Called During Period Shares
WarrantRedeemedOrCalledDuringPeriodShares
|
200000 | shares | |
BGXX |
Warrant Redeemed Or Called During Period Value
WarrantRedeemedOrCalledDuringPeriodValue
|
210000 | usd | |
CY2022Q3 | us-gaap |
Professional Fees
ProfessionalFees
|
800000 | usd |
CY2022Q3 | us-gaap |
Legal Fees
LegalFees
|
55617 | usd |
CY2022Q3 | us-gaap |
Escrow Deposit
EscrowDeposit
|
7650 | usd |
CY2023Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
316850 | usd |
CY2023Q2 | us-gaap |
Legal Fees
LegalFees
|
78400 | usd |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
7399000 | usd |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
6901000 | usd |
CY2022Q3 | BGXX |
Decrease In Fair Value Of Warrants
DecreaseInFairValueOfWarrants
|
498000 | usd |
us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_804_eus-gaap--LossContingencyDisclosures_z0DbN4K33ZT5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">13. </span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_82B_zdKl4ecgsFDj">Contingencies </span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; 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 4.9pt 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 condensed financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 4.9pt 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 5.95pt 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 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. 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 5.95pt 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 5.85pt 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_908_eus-gaap--LossContingencyActionsTakenByDefendant_c20230101__20230630_zkw9qPZybf8f" 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 Bright Green Grown Innovation LLC. 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></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 5.85pt 0pt 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
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 Bright Green Grown Innovation LLC. 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. |