2020 Q2 Form 10-Q Financial Statement

#000121390020012295 Filed on May 14, 2020

View on sec.gov

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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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”).

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