2020 Q2 Form 10-Q Financial Statement
#000121390020012295 Filed on May 14, 2020
Income Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
Revenue | $628.9K | $198.8K | $1.735M |
YoY Change | -13.59% | -88.55% | 12.41% |
Cost Of Revenue | $254.7K | $152.8K | $1.191M |
YoY Change | -44.7% | -87.17% | -13.69% |
Gross Profit | $374.2K | $45.98K | $544.1K |
YoY Change | 40.0% | -91.55% | 232.59% |
Gross Profit Margin | 59.5% | 23.13% | 31.36% |
Selling, General & Admin | $1.210M | $800.0K | $380.4K |
YoY Change | 104.78% | 110.33% | -25.03% |
% of Gross Profit | 323.33% | 1739.85% | 69.91% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $924.00 | $924.00 | $3.165K |
YoY Change | -70.54% | -70.81% | 239.96% |
% of Gross Profit | 0.25% | 2.01% | 0.58% |
Operating Expenses | $1.215M | $795.5K | $1.035M |
YoY Change | -1.94% | -23.13% | 12.76% |
Operating Profit | -$840.8K | -$749.5K | -$490.7K |
YoY Change | -13.48% | 52.73% | -34.93% |
Interest Expense | $3.452K | $2.811K | $0.00 |
YoY Change | |||
% of Operating Profit | |||
Other Income/Expense, Net | $2.781K | $2.052K | |
YoY Change | |||
Pretax Income | -$838.0K | -$747.4K | -$490.7K |
YoY Change | -13.76% | 52.31% | -34.92% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$838.0K | -$747.4K | -$490.7K |
YoY Change | -13.76% | 52.31% | -34.92% |
Net Earnings / Revenue | -133.23% | -376.05% | -28.28% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$156.4K | -$641.0K | -$2.333M |
COMMON SHARES | |||
Basic Shares Outstanding | 7.611M shares | 1.171M shares | 4.260M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $16.11M | $400.0K | $250.0K |
YoY Change | 9376.47% | 60.0% | -94.46% |
Cash & Equivalents | $16.11M | $398.7K | $250.5K |
Short-Term Investments | |||
Other Short-Term Assets | $17.30 | $17.50M | $95.80M |
YoY Change | -100.0% | -81.73% | 15106.35% |
Inventory | $0.00 | $0.00 | $0.00 |
Prepaid Expenses | |||
Receivables | $1.584M | $1.095M | $2.957M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $17.99M | $1.651M | $4.001M |
YoY Change | 860.02% | -58.72% | -39.11% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $9.899K | $10.82K | $68.17K |
YoY Change | -84.78% | -84.12% | 581.72% |
Goodwill | $1.224M | $1.224M | $4.162M |
YoY Change | -70.6% | -70.6% | |
Intangibles | $2.226M | $2.263M | $2.408M |
YoY Change | -6.12% | -6.03% | |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $170.0K | $180.0K | |
YoY Change | |||
Total Long-Term Assets | $4.294M | $4.085M | $6.638M |
YoY Change | -34.92% | -38.46% | -5.84% |
TOTAL ASSETS | |||
Total Short-Term Assets | $17.99M | $1.651M | $4.001M |
Total Long-Term Assets | $4.294M | $4.085M | $6.638M |
Total Assets | $22.28M | $5.737M | $10.64M |
YoY Change | 162.98% | -46.08% | -21.89% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.860M | $1.750M | $2.250M |
YoY Change | 11.38% | -22.22% | 39.75% |
Accrued Expenses | $6.263K | ||
YoY Change | |||
Deferred Revenue | $148.9K | $137.2K | $1.580M |
YoY Change | -19.29% | -91.32% | |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $2.012M | $1.885M | $3.832M |
YoY Change | 8.55% | -50.8% | 38.35% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $200.0K | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $200.0K | $0.00 |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $2.012M | $1.885M | $3.832M |
Total Long-Term Liabilities | $0.00 | $200.0K | $0.00 |
Total Liabilities | $2.010M | $2.085M | $3.830M |
YoY Change | 8.65% | -45.55% | 38.27% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$19.17M | -$18.33M | -$11.15M |
YoY Change | 58.09% | 64.35% | |
Common Stock | $85.96K | $11.71K | $42.60K |
YoY Change | 68.29% | -72.52% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $20.27M | $3.651M | $6.806M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $22.28M | $5.737M | $10.64M |
YoY Change | 162.98% | -46.08% | -21.89% |
Cashflow Statement
Concept | 2020 Q2 | 2020 Q1 | 2019 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$838.0K | -$747.4K | -$490.7K |
YoY Change | -13.76% | 52.31% | -34.92% |
Depreciation, Depletion And Amortization | $924.00 | $924.00 | $3.165K |
YoY Change | -70.54% | -70.81% | 239.96% |
Cash From Operating Activities | -$1.150M | -$1.027M | -$1.118M |
YoY Change | 82.54% | -8.15% | 190.54% |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$250.0K | -$400.0K | $0.00 |
YoY Change | -100.0% | ||
Cash From Investing Activities | -$250.0K | -$400.0K | |
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 17.12M | $199.9K | |
YoY Change | 3012.73% | ||
NET CHANGE | |||
Cash From Operating Activities | -1.150M | -$1.027M | -$1.118M |
Cash From Investing Activities | -250.0K | -$400.0K | |
Cash From Financing Activities | 17.12M | $199.9K | |
Net Change In Cash | 15.72M | -$1.227M | -$1.118M |
YoY Change | -19750.0% | 9.75% | 212.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.150M | -$1.027M | -$1.118M |
Capital Expenditures | |||
Free Cash Flow | -$1.027M | -$1.118M | |
YoY Change | -8.15% | 188.15% |
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36280 | USD |
CY2019Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
36281 | USD |
CY2020Q1 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
10197 | USD |
CY2019Q1 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
USD | |
CY2020Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
4863 | USD |
CY2019Q1 | us-gaap |
Gain Loss On Investments
GainLossOnInvestments
|
USD | |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
38764 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
162493 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6472 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1210288 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-93355 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
|
-247901 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
71440 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-205641 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
-31751 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
245594 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1026812 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1117931 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
400000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
|
USD | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-400000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
USD | |
CY2020Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
200000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
USD | |
CY2020Q1 | sgbx |
Settlement Of Common Stock From Reverse Stock Split
SettlementOfCommonStockFromReverseStockSplit
|
122 | USD |
CY2019Q1 | sgbx |
Settlement Of Common Stock From Reverse Stock Split
SettlementOfCommonStockFromReverseStockSplit
|
USD | |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
199878 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
USD | |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1226934 | USD |
CY2020Q1 | sgbx |
License Consideration Description
LicenseConsiderationDescription
|
In consideration for the License, during the initial term, the Licensee agreed to pay the Company a royalty of (x) <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">five</span></span></span></span> percent (<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span class="ng-scope" style="border-left: none; border-right: none;">5</span></span></span>%) on the first $<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20,000,000</span></span></span></span> of gross revenues derived from the Licensee’s commercialization of the License (net of customary discounts, sales taxes, delivery charges, and amounts for returns) (the “Gross Revenues”), (y) <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">four</span></span></span></span> and <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">one</span></span></span></span>-half percent (<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">4.5</span></span></span></span>%) on the next $<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">30,000,000</span></span></span></span> of Gross Revenues, and (z) <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">five</span></span></span></span> percent (<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">5</span></span></span></span>%) on all Gross Revenues thereafter (collectively, the “Royalty”), | |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-1117931 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1625671 | USD |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1368395 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
398737 | USD |
CY2019Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
250464 | USD |
CY2020Q1 | us-gaap |
Stock Issued1
StockIssued1
|
USD | |
CY2019Q1 | us-gaap |
Stock Issued1
StockIssued1
|
54315 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
1-for-20 | |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
398737 | USD |
CY2020Q1 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
17500000 | USD |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
17481973 | USD |
CY2019Q3 | sgbx |
Proceeds From Public Offering
ProceedsFromPublicOffering
|
1136014 | USD |
CY2020Q1 | sgbx |
Proceeds From Public Offering
ProceedsFromPublicOffering
|
326250 | USD |
CY2019Q4 | us-gaap |
Proceeds From Other Equity
ProceedsFromOtherEquity
|
2117948 | USD |
CY2020Q1 | sgbx |
Minimum Royalty Payments One Year
MinimumRoyaltyPaymentsOneYear
|
500000 | USD |
CY2020Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div> <div> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in;"><span style="color: black;"><b><i>Accounting estimates<span> </span></i></b>– The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Significant areas that require the Company to make estimates include revenue recognition, stock-based compensation, stock warrants liabilities and allowance for doubtful accounts. Actual results could differ from those estimates.</span></p> </div> </div> | |
CY2020Q1 | sgbx |
Minimum Royalty Payments Two Year
MinimumRoyaltyPaymentsTwoYear
|
750000 | USD |
CY2020Q1 | sgbx |
Minimum Royalty Payments Three Year
MinimumRoyaltyPaymentsThreeYear
|
1500000 | USD |
CY2020Q1 | us-gaap |
Operating Cycle
OperatingCycle
|
The length of the Company’s contracts varies, but is typically between six to twelve months. | |
CY2020Q1 | sgbx |
Warranty Offered On Completed Contracts
WarrantyOfferedOnCompletedContracts
|
P1Y | |
CY2020Q1 | us-gaap |
Restricted Cash And Cash Equivalent Item Agreement
RestrictedCashAndCashEquivalentItemAgreement
|
Under the Agreement, the Company has a right of first refusal with respect to being engaged as a designer and builder of any real estate projects for which CMC has secured the rights to develop and in which CMC has a greater than <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">fifty</span></span> percent (<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">50</span></span>%) interest in the owner or developer entity and has the right to select the builder for such real estate project (the “<span style="font-style: italic;">ROFR Rights</span>”). In exchange for such ROFR Rights, the Company agreed to issue to CMC <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2,500</span></span> shares of restricted stock of the Company’s common stock, of which <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1,250</span></span> shares will vest and be issued on September 30, 2020 and the remaining <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1,250</span></span> shares will vest and be issued on September 30, 2021, unless the Agreement is earlier terminated. In the event that the Agreement is earlier terminated, CMC will still be entitled to receive the entire amount of such restricted stock that has vested as of such earlier termination date, but in no event less than <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1,250</span></span> shares of such restricted stock. The Agreement also provides for customary indemnification and confidentiality obligations between the parties. The <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2,500</span></span> shares of restricted stock of the Company's common stock has yet to be issued to CMC. | |
CY2020Q1 | us-gaap |
Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
|
16900000 | USD |
CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
198756 | USD |
CY2020Q1 | sgbx |
Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
|
100 | pure |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1735124 | USD |
CY2019Q1 | sgbx |
Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
|
1 | pure |
CY2020Q1 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
306143 | USD |
CY2020Q1 | us-gaap |
Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
|
102217 | USD |
CY2020Q1 | sgbx |
Defered Cost Net
DeferedCostNet
|
203926 | USD |
CY2020Q1 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
20393 | USD |
CY2020Q1 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
10197 | USD |
CY2020Q1 | sgbx |
Minimum Royalty Payments Four Year
MinimumRoyaltyPaymentsFourYear
|
2000000 | USD |
CY2020Q1 | sgbx |
Minimum Royalty Payments Five Year
MinimumRoyaltyPaymentsFiveYear
|
2500000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
398737 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1625671 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
145124 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
140801 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
139007 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
|
138300 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
|
1590450 | USD |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2262525 | USD |
CY2019Q1 | us-gaap |
Inventory Net
InventoryNet
|
0 | USD |
CY2020Q1 | us-gaap |
Inventory Net
InventoryNet
|
0 | USD |
CY2019 | us-gaap |
Goodwill Impairment Loss
GoodwillImpairmentLoss
|
2938653 | USD |
CY2020Q1 | us-gaap |
Bankruptcy Proceedings Description Of Proceedings
BankruptcyProceedingsDescriptionOfProceedings
|
<span style="border-left: none; border-right: none;">Intangible assets consist of $<span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2,766,000</span></span></span></span> of proprietary knowledge and technology, which is being amortized over <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">20</span></span></span></span></span></span></span> years and $<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1,113,000</span></span></span></span></span></span></span> of customer contracts, which has been amortized over <span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">2.5</span></span></span></span></span></span></span> years, and is fully amortized.</span> In addition, included in intangible assets is $<span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">28,820</span></span></span></span></span></span> of trademarks and $<span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">5,300</span></span></span></span></span></span></span> of website costs that are being amortized over <span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">5</span></span></span></span> years. | |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
1650595 | USD |
CY2020Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
36280 | USD |
CY2019Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
36281 | USD |
CY2020Q1 | us-gaap |
Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
|
P5Y | |
CY2020Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
108843 | USD |
CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
924 | USD |
CY2019Q1 | us-gaap |
Depreciation
Depreciation
|
3165 | USD |
CY2020Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold;">Concentrations of credit risk </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic;">–</span><span style="font-family: 'Times New Roman'; font-size: 10pt;"> Financial instruments, that potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents. The Company places its cash with high credit quality institutions. At times, such amounts may be in excess of the FDIC insurance limits. The Company has not experienced any losses in such account and believes that it is not exposed to any significant credit risk on the account.</span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span class="ng-scope" style="font-family: 'Times New Roman'; font-size: 10pt;">With respect to receivables, concentrations of credit risk are limited to a few customers in the construction industry. The Company performs ongoing credit evaluations of its customers’ financial condition and, generally, requires no collateral from its customers other than normal lien rights. At March 31, 2020 and December 31, 2019, 93% and 92%, respectively, of the Company’s gross accounts receivable were due from <span style="border-left: none; border-right: none;">one</span> customer. </span></p> <p style="margin: 0pt; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span class="ng-scope" style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue relating to four and two customers represented approximately 73% and 89% of the Company’s total revenue for the three months ended March 31, 2020 and 2019, respectively.</span></p> <p style="margin: 0pt; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span class="ng-scope" style="font-family: 'Times New Roman'; font-size: 10pt;"><span class="ng-scope" style="/* background-color: #ffffff;">Cost of revenue relating to three and <span style="border-left: none; border-right: none;">two</span> </span>vendors represented approximately 90% and 95% of the Company’s total cost of revenue for the three months ended March 31, 2020 and 2019, respectively. The Company believes it has access to alternative suppliers, with limited disruption to the business, should circumstances change with its existing suppliers.</span></p> | |
CY2020Q1 | sgbx |
Number Of Vendors
NumberOfVendors
|
3 | Vendors |
CY2020Q1 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1880608 | USD |
CY2019Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
|
1887080 | USD |
CY2020Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
785895 | USD |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
785895 | USD |
CY2020Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1094713 | USD |
CY2019Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
1101185 | USD |
CY2019 | us-gaap |
Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
|
54000 | USD |
CY2020Q1 | sgbx |
Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
|
412479 | USD |
CY2019Q4 | sgbx |
Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
|
513558 | USD |
CY2020Q1 | sgbx |
Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
|
-131934 | USD |
CY2019Q4 | sgbx |
Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
|
-127032 | USD |
CY2020Q1 | us-gaap |
Contract Receivable Retainage
ContractReceivableRetainage
|
544413 | USD |
CY2019Q4 | us-gaap |
Contract Receivable Retainage
ContractReceivableRetainage
|
640590 | USD |
CY2020Q1 | sgbx |
Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
|
-668959 | USD |
CY2020Q1 | sgbx |
Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
|
-124546 | USD |
CY2019Q4 | sgbx |
Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
|
-62942 | USD |
CY2020Q1 | sgbx |
Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
|
12660 | USD |
CY2019Q4 | sgbx |
Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
|
106015 | USD |
CY2020Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
137206 | USD |
CY2019Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
168957 | USD |
CY2020Q1 | sgbx |
Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
|
-124546 | USD |
CY2019Q4 | sgbx |
Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
|
-62942 | USD |
CY2020Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20747 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
20747 | USD |
CY2020Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
9924 | USD |
CY2019Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
9000 | USD |
CY2019Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
11747 | USD |
CY2019Q1 | sgbx |
Contract Revenue
ContractRevenue
|
2984835 | USD |
CY2020Q1 | sgbx |
Construction Contracts Backlog
ConstructionContractsBacklog
|
17481973 | USD |
CY2019Q1 | sgbx |
Construction Contracts Backlog
ConstructionContractsBacklog
|
17634261 | USD |
CY2019Q4 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
326250 | USD |
CY2019Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5404 | shares |
CY2019Q4 | sgbx |
Construction Contracts Backlog
ConstructionContractsBacklog
|
17634261 | USD |
CY2018Q4 | sgbx |
Construction Contracts Backlog
ConstructionContractsBacklog
|
97657379 | USD |
CY2020Q1 | sgbx |
New Contracts Received During Year
NewContractsReceivedDuringYear
|
73838 | USD |
CY2019Q1 | sgbx |
New Contracts Received During Year
NewContractsReceivedDuringYear
|
17659053 | USD |
CY2020Q1 | sgbx |
Adjustments And Cancellations Net
AdjustmentsAndCancellationsNet
|
27370 | USD |
CY2019Q1 | sgbx |
Adjustments And Cancellations Net
AdjustmentsAndCancellationsNet
|
-94697336 | USD |
CY2020Q1 | sgbx |
Construction Backlog Gross
ConstructionBacklogGross
|
17680729 | USD |
CY2019Q1 | sgbx |
Construction Backlog Gross
ConstructionBacklogGross
|
20619096 | USD |
CY2020Q1 | sgbx |
Contract Revenue
ContractRevenue
|
198756 | USD |
CY2019Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
25000000 | shares |
CY2019Q3 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
45000 | shares |
CY2020Q1 | sgbx |
Number Of Large Contracts
NumberOfLargeContracts
|
1 | Item |
CY2019Q2 | sgbx |
Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
|
25 | USD |
CY2019Q3 | sgbx |
Number Of Large Contracts
NumberOfLargeContracts
|
2 | Item |
CY2020Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
17481973 | USD |
CY2017Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
100.00 | |
CY2017Q3 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
176771 | USD |
CY2017Q3 | sgbx |
Warrants To Purchase Of Common Stock
WarrantsToPurchaseOfCommonStock
|
563 | shares |
CY2017Q3 | us-gaap |
Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
|
8321 | shares |
CY2019Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
857500 | shares |
CY2019Q4 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
2117948 | USD |
CY2019Q2 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
4239 | shares |
CY2019Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
300000000 | shares |
CY2019Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
17.00 | |
CY2020Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
48164 | shares |
CY2020Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
38764 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
162493 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.684 | pure |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0244 | pure |
CY2019Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P3Y | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
53170 | shares |
CY2018Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
24.80 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P7Y4M24D | |
CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
USD | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
||
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
81.20 | |
CY2019 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y4M20D | |
CY2019Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
||
CY2020Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
shares | |
CY2020Q1 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
|
||
CY2020Q1 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageFairValue
|
||
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
833 | shares |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
||
CY2020Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
||
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
52337 | shares |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
24.75 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
|
81.60 | |
CY2020Q1 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
|
P7Y1M24D | |
CY2020Q1 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValueOne
|
USD | |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
52649 | shares |
CY2019Q4 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
|
24.80 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
51920 | shares |
CY2020Q1 | sgbx |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
|
24.74 | |
CY2020Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
81.51 | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P7Y1M20D | |
CY2020Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
USD | |
CY2019Q1 | sgbx |
Number Of Employees
NumberOfEmployees
|
6 | Employee |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
|
Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Shetty, and an aggregate of <span class="ng-scope" style="border-left: none; border-right: none;">six</span> employees and <span class="ng-scope" style="border-left: none; border-right: none;">one</span> consultant of <span class="ng-scope" style="border-left: none; border-right: none;">6,139</span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, <span class="ng-scope" style="border-left: none; border-right: none;">772</span></span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;">, <span class="ng-scope" style="border-left: none; border-right: none;">5,729</span></span><span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-family: 'Times New Roman'; font-size: 13.33px; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> and an aggregate of <span class="ng-scope" style="border-left: none; border-right: none;">3,063</span></span>, respectively, vest in installments over either a <span class="ng-scope" style="border-left: none; border-right: none;">one</span>-year, <span class="ng-scope" style="border-left: none; border-right: none;">two</span>-year, <span class="ng-scope" style="border-left: none; border-right: none;">three</span>-year and <span class="ng-scope" style="border-left: none; border-right: none;">four</span>-year period and will fully vest by the end of December 31, 2022. The fair value of these units upon issuance amounted to $<span class="ng-scope" style="border-left: none; border-right: none;">847,957</span>. | |
CY2019Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Other Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsOtherDescription
|
total of <span style="border-left: none; border-right: none;">526</span> of restricted stock units were granted to <span class="ng-scope" style="display: inline;">two</span> of the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $<span class="ng-scope" style="border-left: none; border-right: none;">58.80</span> and $<span class="ng-scope" style="border-left: none; border-right: none;">55.20</span> per share, respectively, which represents the average closing price of the Company’s common stock for the <span class="ng-scope" style="display: inline;">ten</span> trading days immediately preceding and<span style="color: #000000; text-transform: none; text-indent: 0px; letter-spacing: normal; font-style: normal; font-weight: 400; word-spacing: 0px; float: none; display: inline !important; white-space: normal; orphans: 2; widows: 2; font-variant-ligatures: normal; font-variant-caps: normal; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial;"> </span>including the grant date, as adjusted for stock splits. | |
CY2019Q1 | us-gaap |
Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
|
2100000 | USD |
CY2019Q2 | sgbx |
Recovery Of Damages Sought
RecoveryOfDamagesSought
|
30428.71 | USD |
CY2020Q1 | sgbx |
Description Of Claimed Amount
DescriptionOfClaimedAmount
|
Company and its Chairman and Chief Executive Officer, Paul Galvin, claiming (i) $372,638 in unpaid wages and bonuses and (ii) $300,000 due in severance (hereafter the “Action”). |