2024 Q1 Form 10-Q Financial Statement
#000149315224020671 Filed on May 20, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q1 |
---|---|---|
Revenue | $0.00 | $0.00 |
YoY Change | ||
Cost Of Revenue | ||
YoY Change | ||
Gross Profit | ||
YoY Change | ||
Gross Profit Margin | ||
Selling, General & Admin | $1.734M | $2.455M |
YoY Change | -29.38% | 359.29% |
% of Gross Profit | ||
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $144.0K | $157.5K |
YoY Change | -8.58% | -17.87% |
% of Gross Profit | ||
Operating Expenses | $1.878M | $2.613M |
YoY Change | -28.12% | 259.69% |
Operating Profit | -$1.878M | -$2.613M |
YoY Change | -28.12% | 259.69% |
Interest Expense | $15.00K | -$640.00 |
YoY Change | -2443.75% | |
% of Operating Profit | ||
Other Income/Expense, Net | $928.4K | $642.00 |
YoY Change | 144513.24% | |
Pretax Income | -$949.5K | -$2.613M |
YoY Change | -63.67% | 259.78% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$949.5K | -$2.613M |
YoY Change | -63.67% | 259.78% |
Net Earnings / Revenue | ||
Basic Earnings Per Share | -$0.01 | -$0.02 |
Diluted Earnings Per Share | -$0.01 | -$0.02 |
COMMON SHARES | ||
Basic Shares Outstanding | 187.5M shares | 173.4M shares |
Diluted Shares Outstanding | 187.5M shares | 173.4M shares |
Balance Sheet
Concept | 2024 Q1 | 2023 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $0.00 | $422.5K |
YoY Change | -100.0% | -34.82% |
Cash & Equivalents | $422.5K | |
Short-Term Investments | ||
Other Short-Term Assets | $55.52K | $70.08K |
YoY Change | -20.78% | -41.87% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $55.52K | $492.6K |
YoY Change | -88.73% | -35.92% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $15.89M | $18.57M |
YoY Change | -14.43% | 133.37% |
Goodwill | ||
YoY Change | ||
Intangibles | $6.450K | $1.000K |
YoY Change | 545.0% | |
Long-Term Investments | $0.00 | $3.991M |
YoY Change | -100.0% | |
Other Assets | $1.110M | |
YoY Change | ||
Total Long-Term Assets | $15.90M | $23.68M |
YoY Change | -32.84% | 197.43% |
TOTAL ASSETS | ||
Total Short-Term Assets | $55.52K | $492.6K |
Total Long-Term Assets | $15.90M | $23.68M |
Total Assets | $15.96M | $24.17M |
YoY Change | -33.98% | 176.88% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $4.490M | $6.361M |
YoY Change | -29.42% | 759.65% |
Accrued Expenses | $21.94K | $938.4K |
YoY Change | -97.66% | 1676.85% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $165.0K | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $4.677M | $8.949M |
YoY Change | -47.74% | 655.25% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $166.2K | $3.460M |
YoY Change | -95.2% | |
Other Long-Term Liabilities | ||
YoY Change | ||
Total Long-Term Liabilities | $166.2K | $3.460M |
YoY Change | -95.2% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $4.677M | $8.949M |
Total Long-Term Liabilities | $166.2K | $3.460M |
Total Liabilities | $4.843M | $12.41M |
YoY Change | -60.97% | 947.26% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$48.15M | -$36.69M |
YoY Change | 31.25% | |
Common Stock | $59.27M | $48.45M |
YoY Change | 22.33% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $11.11M | $11.76M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $15.96M | $24.17M |
YoY Change | -33.98% | 176.88% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$949.5K | -$2.613M |
YoY Change | -63.67% | 259.78% |
Depreciation, Depletion And Amortization | $144.0K | $157.5K |
YoY Change | -8.58% | -17.87% |
Cash From Operating Activities | -$58.55K | $273.4K |
YoY Change | -121.42% | 98.28% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $56.06K | $1.586M |
YoY Change | -96.46% | -292.83% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | $47.94K |
YoY Change | -100.0% | |
Cash From Investing Activities | -$61.51K | -$1.538M |
YoY Change | -96.0% | 87.0% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | $880.0K |
YoY Change | -100.0% | |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $110.0K | $1.272M |
YoY Change | -91.35% | 2444.41% |
NET CHANGE | ||
Cash From Operating Activities | -$58.55K | $273.4K |
Cash From Investing Activities | -$61.51K | -$1.538M |
Cash From Financing Activities | $110.0K | $1.272M |
Net Change In Cash | -$10.06K | $7.928K |
YoY Change | -226.88% | -101.25% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$58.55K | $273.4K |
Capital Expenditures | $56.06K | $1.586M |
Free Cash Flow | -$114.6K | -$1.312M |
YoY Change | -91.27% | -236.67% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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CY2024Q1 | us-gaap |
Cash
Cash
|
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CY2024Q1 | BGXX |
Due To Others Current
DueToOthersCurrent
|
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CY2024Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
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Change In Fair Value Of Assets And Liabilities Net
ChangeInFairValueOfAssetsAndLiabilitiesNet
|
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Gains Losses On Extinguishment Of Debt
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|
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Income Tax Expense Benefit
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Change In Fair Value Of Assets And Liabilities Net
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Gains Losses On Extinguishment Of Debt
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|
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CY2024Q1 | BGXX |
Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
|
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CY2023Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
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Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
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Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
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Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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Interest Paid Net
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Income Taxes Paid Net
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|
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Income Taxes Paid Net
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Transfer From Due To Related Party To Related Party Loc
TransferFromDueToRelatedPartyToRelatedPartyLOC
|
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Stock Issued1
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|
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CY2023Q1 | BGXX |
Related Party Payroll Liability In Exchange For Common Stock
RelatedPartyPayrollLiabilityInExchangeForCommonStock
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Adjustment To Prepaid Expenses And Other Assets For Forfeited Deposit In Settlement Of Debt
AdjustmentToPrepaidExpensesAndOtherAssetsForForfeitedDepositInSettlementOfDebt
|
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CY2023Q1 | BGXX |
Adjustment To Construction In Progress For Return Of Equipment In Settlement Of Debt
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|
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Adjustment To Other Investment Held At Fair Value For Return Of Shares In Settlement Of Debt
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|
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Settlement Of Accounts Payable In Exchange For Other Investment Held At Fair Value
SettlementOfAccountsPayableInExchangeForOtherInvestmentHeldAtFairValue
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Settlement Of Due To Others In Exchange For Other Investment Held At Fair Value
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CY2024Q1 | us-gaap |
Investments
Investments
|
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Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
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Other Investment Not Readily Marketable Fair Value
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|
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Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
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Finite Lived Intangible Assets Accumulated Amortization
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Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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|
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Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
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Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
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Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
||
CY2023Q4 | BGXX |
Due To Others Current
DueToOthersCurrent
|
1650000 | usd |
CY2024Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4676545 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
6236319 | usd |
CY2024Q1 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
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CY2023Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
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Liabilities Noncurrent
LiabilitiesNoncurrent
|
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CY2023Q4 | us-gaap |
Liabilities Noncurrent
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|
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CY2024Q1 | us-gaap |
Liabilities
Liabilities
|
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CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
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CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
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CY2024Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2024Q1 | us-gaap |
Preferred Stock Shares Outstanding
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|
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CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
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CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
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|
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CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
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CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
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CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
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CY2024Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
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CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
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CY2024Q1 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
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CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-48152919 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-47203469 | usd |
CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11113553 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10964945 | usd |
CY2024Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
15956333 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17403047 | usd |
CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1733839 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
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CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
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Operating Expenses
OperatingExpenses
|
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CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
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CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2024Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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CY2023Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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CY2024Q1 | BGXX |
Change In Fair Value Of Assets And Liabilities Net
ChangeInFairValueOfAssetsAndLiabilitiesNet
|
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CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
1008589 | usd |
CY2024Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
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CY2023Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-642 | usd |
CY2024Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
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Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
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CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
187511977 | shares |
CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
187511977 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
173445814 | shares |
CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
130318 | usd |
CY2024Q1 | BGXX |
Stock Issued During Period Value Common Stock Issued For Settlement Of Accounts Payable
StockIssuedDuringPeriodValueCommonStockIssuedForSettlementOfAccountsPayable
|
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CY2024Q1 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
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Stockholders Equity
StockholdersEquity
|
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CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11578836 | usd |
CY2023Q1 | BGXX |
Stock Issued During Period Value Warrants Exercised For Cash
StockIssuedDuringPeriodValueWarrantsExercisedForCash
|
210000 | usd |
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Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
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Stock Issued During Period Value New Issues
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Stock Issued During Period Value Issued For Services
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|
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Net Income Loss
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|
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Stockholders Equity
StockholdersEquity
|
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Stockholders Equity
StockholdersEquity
|
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Net Income Loss
NetIncomeLoss
|
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Net Income Loss
NetIncomeLoss
|
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CY2024Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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CY2023Q1 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
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CY2024Q1 | BGXX |
Change In Fair Value Of Assets And Liabilities Net
ChangeInFairValueOfAssetsAndLiabilitiesNet
|
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CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
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|
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CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
144028 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
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CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
672138 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
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CY2024Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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CY2023Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
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CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
36764 | usd |
CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
491031 | usd |
CY2024Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
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CY2023Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
79586 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-58552 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
273391 | usd |
CY2023Q1 | BGXX |
Payments For Acquire Property Deposits
PaymentsForAcquirePropertyDeposits
|
-47944 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
5450 | usd |
CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
56057 | usd |
CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1585612 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-61507 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1537668 | usd |
CY2024Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
110000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
200000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
150000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
17795 | usd |
CY2024Q1 | us-gaap |
Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
|
150000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
880000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
210000 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
110000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1272205 | usd |
CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-10059 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
7928 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
10059 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
414574 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
422502 | usd |
CY2023Q1 | BGXX |
Transfer From Due To Related Party To Related Party Loc
TransferFromDueToRelatedPartyToRelatedPartyLOC
|
392194 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
880000 | usd |
CY2024Q1 | BGXX |
Related Party Payroll Liability In Exchange For Common Stock
RelatedPartyPayrollLiabilityInExchangeForCommonStock
|
-425920 | usd |
CY2024Q1 | BGXX |
Adjustment To Prepaid Expenses And Other Assets For Forfeited Deposit In Settlement Of Debt
AdjustmentToPrepaidExpensesAndOtherAssetsForForfeitedDepositInSettlementOfDebt
|
139618 | usd |
CY2024Q1 | BGXX |
Adjustment To Construction In Progress For Return Of Equipment In Settlement Of Debt
AdjustmentToConstructionInProgressForReturnOfEquipmentInSettlementOfDebt
|
425085 | usd |
CY2024Q1 | BGXX |
Adjustment To Other Investment Held At Fair Value For Return Of Shares In Settlement Of Debt
AdjustmentToOtherInvestmentHeldAtFairValueForReturnOfSharesInSettlementOfDebt
|
645638 | usd |
CY2024Q1 | BGXX |
Settlement Of Accounts Payable In Exchange For Other Investment Held At Fair Value
SettlementOfAccountsPayableInExchangeForOtherInvestmentHeldAtFairValue
|
-568930 | usd |
CY2024Q1 | BGXX |
Settlement Of Due To Others In Exchange For Other Investment Held At Fair Value
SettlementOfDueToOthersInExchangeForOtherInvestmentHeldAtFairValue
|
-1650000 | usd |
CY2024Q1 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2019-04-16 | |
CY2024Q1 | us-gaap |
Revenues
Revenues
|
0 | usd |
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-949450 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2613265 | usd |
CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-58552 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
273391 | usd |
CY2024Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-48152919 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-47203469 | usd |
CY2024Q1 | BGXX |
Working Capital Deficit
WorkingCapitalDeficit
|
4621021 | usd |
CY2023Q4 | BGXX |
Working Capital Deficit
WorkingCapitalDeficit
|
5968030 | usd |
CY2024Q1 | us-gaap |
Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
|
110000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
15000000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
14800000 | usd |
CY2023Q4 | us-gaap |
Investments
Investments
|
726343 | usd |
CY2024Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1860 | usd |
CY2023Q1 | us-gaap |
Advertising Expense
AdvertisingExpense
|
11483 | usd |
CY2024Q1 | us-gaap |
Income Tax Examination Description
IncomeTaxExaminationDescription
|
The amount recognized is the largest amount of tax benefit that is greater than 50% likely to be realized on examination. | |
CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_849_eus-gaap--UseOfEstimates_z6maVCizxKp6" style="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-top: 0pt; margin-bottom: 0pt"> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">L.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_zoxVA4K3u9q4">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4.5pt; 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-top: 0pt; margin-bottom: 0pt; margin-left: 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the condensed consolidated 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 consolidated 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, 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, stock options, 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-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BRIGHT GREEN CORPORATION </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notes to the Condensed Consolidated Financial Statements (Unaudited)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Three Months Ended March 31, 2024 and 2023</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in United States Dollars)</span></p> <div style="margin: 0pt auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">3. <span style="text-decoration: underline">Summary of Significant Accounting Policies (continued)</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 4.5pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2023Q4 | us-gaap |
Time Deposit Liability Above Us Insurance Limit
TimeDepositLiabilityAboveUsInsuranceLimit
|
187821 | usd |
CY2024Q1 | BGXX |
Change In Fair Value Of Assets And Liabilities Net
ChangeInFairValueOfAssetsAndLiabilitiesNet
|
80705 | usd |
CY2023Q4 | us-gaap |
Other Investment Not Readily Marketable Fair Value
OtherInvestmentNotReadilyMarketableFairValue
|
726343 | usd |
CY2024Q1 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
88690 | usd |
CY2023Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
88690 | usd |
CY2024Q1 | us-gaap |
Land
Land
|
260000 | usd |
CY2023Q4 | us-gaap |
Land
Land
|
260000 | usd |
CY2024Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
10266838 | usd |
CY2023Q4 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
10635866 | usd |
CY2024Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
8883851 | usd |
CY2023Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
8883851 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
19499379 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
19868407 | usd |
CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3605020 | usd |
CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
3460992 | usd |
CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
15894359 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
16407415 | usd |
CY2024Q1 | us-gaap |
Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
|
6450 | usd |
CY2023Q4 | us-gaap |
Finite Lived License Agreements Gross
FiniteLivedLicenseAgreementsGross
|
1000 | usd |
CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
6450 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1000 | usd |
CY2024Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
150000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
100000 | usd |
CY2024Q1 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
10000 | usd |
CY2024Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
14800000 | usd |
CY2024Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2024Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2024Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
190166318 | shares |
CY2024Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
190166318 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
184758818 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
184758818 | shares |
CY2023Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
880000 | usd |
CY2023Q1 | us-gaap |
Transfer To Investments
TransferToInvestments
|
880000 | usd |
CY2024Q1 | BGXX |
Warrant Redeemed Or Called During Period Shares
WarrantRedeemedOrCalledDuringPeriodShares
|
200000 | shares |
CY2024Q1 | 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 |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2425000 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.3353 | |
CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P9Y10M24D | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
625000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
|
0.3353 | |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1800000 | shares |
CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.3353 | |
CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P9Y7M6D | |
CY2024Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
600000 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
0 | shares |
CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
15000 | usd |
CY2024Q1 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
166235 | usd |
CY2024Q1 | us-gaap |
Loss Contingency Disclosures
LossContingencyDisclosures
|
<p id="xdx_804_eus-gaap--LossContingencyDisclosures_z8eEKZEL6EW7" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.</span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_821_zqJ7o2ph6L6a">Contingencies</span> </span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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 consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>BRIGHT GREEN CORPORATION </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notes to the Condensed Consolidated Financial Statements (Unaudited)</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For the Three Months Ended March 31, 2024 and 2023</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Expressed in United States Dollars)</span></p> <div style="margin: 0pt auto; width: 100%"><div style="border-top: Black 1.5pt solid; font-size: 1pt"> </div></div> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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; text-align: justify; margin-top: 0pt; margin-bottom: 0pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">12. <span style="text-decoration: underline">Contingencies (continued)</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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_909_eus-gaap--LossContingencyActionsTakenByDefendant_c20240101__20240331__srt--TitleOfIndividualAxis__srt--ChiefExecutiveOfficerMember_zYWOPXb2h0yi">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></span> <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 has proceeded to trial and a decision is expected in the second half of 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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_901_eus-gaap--LossContingencyActionsTakenByDefendant_c20240101__20240331_zhHJpzsU7sRe" 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 Grow Innovations, LLC, a predecessor company of Bright Green Corporation.</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> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | |
CY2024Q1 | us-gaap |
Loss Contingency Actions Taken By Defendant
LossContingencyActionsTakenByDefendant
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(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 Grow Innovations, LLC, a predecessor company of Bright Green Corporation. |