2020 Q4 Form 10-Q Financial Statement

#000121390020038250 Filed on November 19, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2020 Q2
Revenue $7.350M $576.6K $628.9K
YoY Change 2061.76% 212.45% -13.59%
Cost Of Revenue $5.750M $382.0K $254.7K
YoY Change 1882.76% 4.14% -44.7%
Gross Profit $1.610M $194.6K $374.2K
YoY Change 3120.0% -206.78% 40.0%
Gross Profit Margin 21.9% 33.75% 59.5%
Selling, General & Admin $3.070M $1.720M $1.210M
YoY Change 184.26% 217.49% 104.78%
% of Gross Profit 190.68% 883.84% 323.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $1.011K $924.00
YoY Change 125.0% -67.76% -70.54%
% of Gross Profit 5.59% 0.52% 0.25%
Operating Expenses $3.070M $1.720M $1.215M
YoY Change 184.26% 57.62% -1.94%
Operating Profit -$1.460M -$1.525M -$840.8K
YoY Change 41.75% 19.78% -13.48%
Interest Expense $20.00K $2.614K $3.452K
YoY Change -111.11%
% of Operating Profit
Other Income/Expense, Net $0.00 $47.06K $2.781K
YoY Change -100.0% -190.43%
Pretax Income -$1.440M -$1.478M -$838.0K
YoY Change -65.13% 11.53% -13.76%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.630M -$1.478M -$838.0K
YoY Change -60.53% 11.53% -13.76%
Net Earnings / Revenue -22.18% -256.4% -133.23%
Basic Earnings Per Share
Diluted Earnings Per Share -$188.9K -$172.1K -$156.4K
COMMON SHARES
Basic Shares Outstanding 8.596M shares 8.596M shares 7.611M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.01M $13.05M $16.11M
YoY Change 698.16% 9376.47%
Cash & Equivalents $13.01M $13.05M $16.11M
Short-Term Investments
Other Short-Term Assets $570.0K $24.86M $17.30
YoY Change -96.76% 39.66% -100.0%
Inventory $778.1K $812.3K $0.00
Prepaid Expenses
Receivables $2.636M $4.337M $1.584M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.30M $18.62M $17.99M
YoY Change 529.49% 1055.1% 860.02%
LONG-TERM ASSETS
Property, Plant & Equipment $2.683M $1.730M $9.899K
YoY Change 22739.99% 13552.59% -84.78%
Goodwill $1.309M $1.224M $1.224M
YoY Change 7.01% -70.6% -70.6%
Intangibles $2.219M $2.226M
YoY Change -3.49% -6.12%
Long-Term Investments
YoY Change
Other Assets $150.0K $160.0K $170.0K
YoY Change -21.05%
Total Long-Term Assets $8.584M $7.708M $4.294M
YoY Change 130.27% 18.4% -34.92%
TOTAL ASSETS
Total Short-Term Assets $18.30M $18.62M $17.99M
Total Long-Term Assets $8.584M $7.708M $4.294M
Total Assets $26.88M $26.33M $22.28M
YoY Change 305.18% 224.14% 162.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.012M $1.990M $1.860M
YoY Change 42.76% 9.94% 11.38%
Accrued Expenses $310.0K $310.0K $6.263K
YoY Change
Deferred Revenue $1.775M $2.861M $148.9K
YoY Change 950.41% 1086.58% -19.29%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $20.00K $20.00K
YoY Change
Total Short-Term Liabilities $7.235M $5.941M $2.012M
YoY Change 218.08% 190.02% 8.55%
LONG-TERM LIABILITIES
Long-Term Debt $30.00K $40.00K $0.00
YoY Change
Other Long-Term Liabilities $1.180M $1.260M
YoY Change
Total Long-Term Liabilities $1.210M $1.300M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.235M $5.941M $2.012M
Total Long-Term Liabilities $1.210M $1.300M $0.00
Total Liabilities $8.444M $7.233M $2.010M
YoY Change 271.26% 252.85% 8.65%
SHAREHOLDERS EQUITY
Retained Earnings -$22.28M -$20.65M -$19.17M
YoY Change 26.69% 53.5% 58.09%
Common Stock $85.96K $85.96K $85.96K
YoY Change 642.4% 43.08% 68.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.25M $19.09M $20.27M
YoY Change
Total Liabilities & Shareholders Equity $26.88M $26.33M $22.28M
YoY Change 305.18% 224.14% 162.98%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income -$1.630M -$1.478M -$838.0K
YoY Change -60.53% 11.53% -13.76%
Depreciation, Depletion And Amortization $90.00K $1.011K $924.00
YoY Change 125.0% -67.76% -70.54%
Cash From Operating Activities $1.560M -$2.270M -$1.150M
YoY Change -587.5% 202.67% 82.54%
INVESTING ACTIVITIES
Capital Expenditures -$1.520M -$50.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$90.00K -$740.0K -$250.0K
YoY Change
Cash From Investing Activities -$1.610M -$790.0K -$250.0K
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 0.000 0.000 17.12M
YoY Change -100.0% -100.0% 3012.73%
NET CHANGE
Cash From Operating Activities 1.560M -2.270M -1.150M
Cash From Investing Activities -1.610M -790.0K -250.0K
Cash From Financing Activities 0.000 0.000 17.12M
Net Change In Cash -50.00K -3.060M 15.72M
YoY Change -103.11% 1812.5% -19750.0%
FREE CASH FLOW
Cash From Operating Activities $1.560M -$2.270M -$1.150M
Capital Expenditures -$1.520M -$50.00K
Free Cash Flow $3.080M -$2.220M
YoY Change -1062.5% 196.0%

Facts In Submission

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the company and its Chairman and Chief Executive Officer, Paul Galvin, claiming (i) $372,638 in unpaid wages and bonuses and (ii) $0 due in severance (hereafter the “Action”).
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provide for a performance bonus structure for a bonus of up to 50% of base salary upon the Company’s achievement of $2,000,000 EBITDA and additional performance bonus payments for the achievement of EBITDA in excess of $2,000,000 based on a percentage of the incremental increase in EBITDA (ranging from 10% of the incremental increase in EBITDA if the Company achieves over $2,000,000 and up to $7,000,000 in EBITDA, 8% of the incremental increase in EBITDA if the Company achieves over $7,000,000 and up to $12,000,000 in EBITDA and 3% of the incremental increase in EBITDA over $12,000,000), provide for a profits-based additional bonus of up to $250,000 in certain limited circumstances, and provide for one (1) year severance, plus a pro-rated amount of any unpaid bonus earned by him during the year as verified by the Company’s principal financial officer, if Mr. Galvin is terminated without cause. At the Company’s option, up to fifty (50%) percent of the EBITDA performance bonuses may be paid in restricted stock units if then available for grant under the Company’s Stock Incentive Plan.
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ProfitLoss
-3063673 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
19092780 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
197090 USD
CY2019Q3 sgbx Stock Issued During Period Issuance Of Common Stock Net Of Issuance Costs
StockIssuedDuringPeriodIssuanceOfCommonStockNetOfIssuanceCosts
583306 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-1325469 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
6073249 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
645080 USD
sgbx Stock Issued During Period Issuance Of Common Stock Net Of Issuance Costs
StockIssuedDuringPeriodIssuanceOfCommonStockNetOfIssuanceCosts
1136015 USD
us-gaap Profit Loss
ProfitLoss
-2787913 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
6073249 USD
us-gaap Depreciation
Depreciation
2858 USD
us-gaap Depreciation
Depreciation
8697 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
108842 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
108843 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
7080067 USD
us-gaap Gain Loss On Investments
GainLossOnInvestments
USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
USD
us-gaap Share Based Compensation
ShareBasedCompensation
482139 USD
sgbx Loss On Asset Disposal
LossOnAssetDisposal
1012 USD
sgbx Loss On Asset Disposal
LossOnAssetDisposal
52039 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2581925 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-363987 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
14786 USD
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-251636 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
681521 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
189143 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-821802 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-841778 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-653821 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2322164 USD
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1093796 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
5000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4453862 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2500387 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
650000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
sgbx Proceeds From Acquisition
ProceedsFromAcquisition
743168 USD
sgbx Proceeds From Acquisition
ProceedsFromAcquisition
USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49434 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2070 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1442602 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2070 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
17118480 USD
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
1136015 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
200000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
sgbx Settlement Of Common Stock From Reverse Stock Split
SettlementOfCommonStockFromReverseStockSplit
122 USD
sgbx Settlement Of Common Stock From Reverse Stock Split
SettlementOfCommonStockFromReverseStockSplit
USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17318358 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1136015 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11421894 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1366442 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
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13047565 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1953 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
6263 USD
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
USD
sgbx Conversion Of Long Term Debt
ConversionOfLongTermDebt
200000 USD
sgbx Conversion Of Long Term Debt
ConversionOfLongTermDebt
USD
us-gaap Stock Issued1
StockIssued1
USD
us-gaap Stock Issued1
StockIssued1
162941 USD
sgbx Non Cash Operating Activities
NonCashOperatingActivities
206263 USD
sgbx Non Cash Operating Activities
NonCashOperatingActivities
162941 USD
CY2020Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
8596189 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
8596189 shares
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13047565 USD
CY2020Q3 us-gaap Other Assets Current
OtherAssetsCurrent
24860000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
24865499 USD
CY2019Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1136015 USD
CY2019Q3 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1136015 USD
CY2019Q4 sgbx Proceeds From Public Offering
ProceedsFromPublicOffering
326000 USD
CY2019Q4 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
2117948 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
16900000 USD
us-gaap Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
1 pure
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
576560 USD
CY2020Q3 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1522339 USD
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
15596141 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', times; font-size: 10pt;"> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <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;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><b><i>Accounting estimates<span style="line-height: inherit;"> </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 credit losses. Actual results could differ from those estimates.</span></span></span></p> </div> </div> </div> </div> </div> </div>
sgbx Operating Cycles
OperatingCycles
one year
CY2019Q4 us-gaap Restricted Cash And Cash Equivalent Item Description
RestrictedCashAndCashEquivalentItemDescription
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; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">fifty</span></span></span></span></span> percent (<span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">50</span></span></span></span></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; line-height: inherit;">ROFR Rights</span>”). In exchange for such ROFR Rights, the Company agreed to issue to CMC <span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2,500</span></span></span></span></span></span> shares of restricted stock of the Company’s common stock, of which <span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1,250</span></span></span></span></span></span> shares vested on September 30, 2020 and the remaining <span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1,250</span></span></span></span></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; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">1,250</span></span></span></span></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; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="display: inline; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span class="ng-scope" style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2,500</span></span></span></span></span></span> shares of restricted stock of the Company's common stock has yet to be issued to CMC.
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
184526 USD
CY2019Q3 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1404265 USD
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2647558 USD
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2020Q3 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
300000 USD
CY2020Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 USD
CY2020Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 USD
CY2020Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
40786 USD
CY2020Q3 sgbx Defered Cost Net
DeferedCostNet
10197 USD
us-gaap Adjustment For Amortization
AdjustmentForAmortization
30590 USD
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 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;"><span style="border-left: none; border-right: none;">five</span></span></span></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;"><span style="display: inline;"><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></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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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;">20,000,000</span></span></span></span></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 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;"><span style="border-left: none; border-right: none;">four</span></span></span></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 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;"><span style="border-left: none; border-right: none;">one</span></span></span></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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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;">4.5</span></span></span></span></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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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;">30,000,000</span></span></span></span></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 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;"><span style="border-left: none; border-right: none;">five</span></span></span></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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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></span></span></span></span>%) on all Gross Revenues thereafter (collectively, the “Royalty”),
sgbx Minimum Royalty Payments One Year
MinimumRoyaltyPaymentsOneYear
500000 USD
sgbx Minimum Royalty Payments Two Year
MinimumRoyaltyPaymentsTwoYear
750000 USD
sgbx Minimum Royalty Payments Three Year
MinimumRoyaltyPaymentsThreeYear
1500000 USD
sgbx Minimum Royalty Payments Four Year
MinimumRoyaltyPaymentsFourYear
2000000 USD
sgbx Minimum Royalty Payments Five Year
MinimumRoyaltyPaymentsFiveYear
2500000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
200000 shares
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13047565 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1625671 USD
CY2019Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2020Q3 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
166120 USD
CY2020Q3 sgbx Medicalequipment
Medicalequipment
646200 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2938653 USD
us-gaap Impaired Intangible Asset Description
ImpairedIntangibleAssetDescription
<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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;">2,766,000</span></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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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;">20</span></span></span></span></span></span></span></span></span></span></span> years. </span>In addition, included in intangible assets is $7,928 for non-compete agreements which is being amortized over 5 years, $105,762 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 class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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;">5,300</span></span></span></span></span></span></span></span></span></span></span> of website costs that are being amortized over <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;"><span class="ng-scope" style="border-left: none; border-right: none;"><span class="ng-scope" style="border-left: none; border-right: none;"><span style="display: inline;"><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></span></span></span></span> </span>years and $18,848 of customer contracts over 1 year.
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
45236 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
176234 USD
CY2020Q3 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
149717 USD
CY2019Q4 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
127032 USD
CY2020Q3 sgbx Contract Assets Gross
ContractAssetsGross
781507 USD
CY2019Q4 sgbx Contract Assets Gross
ContractAssetsGross
640590 USD
CY2020Q3 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
3491007 USD
CY2019Q4 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
703532 USD
CY2020Q3 sgbx Netcontractliabilitiesonuncompletedcontracts
Netcontractliabilitiesonuncompletedcontracts
-2709500 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
157775 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
155981 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
155274 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1603181 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2293681 USD
CY2020Q3 sgbx Earnout Liabilities
EarnoutLiabilities
752559 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20747 USD
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 September 30, 2020 and December 31, 2019, 92% and 92%, respectively, of the Company’s gross accounts receivable were due from three and one customers. </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 <span style="border-left: none; border-right: none;">four and two </span>customers represented approximately 83% and 94% of the Company’s total revenue for the three months ended September 30, 2020 and 2019, respectively. Revenue relating to three and two customers represented approximately 53% and 87% of the Company's total revenue for the nine months ended September 30, 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 two vendors represented approximately 63% and 93% of the Company's total cost of revenue for the three months ended September 30, 2020 and 2019, respectively. Cost of revenue relating to four </span>vendors represented approximately 67% and 94% of the Company’s total cost of revenue for the nine months ended September 30, 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>
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
5122915 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1887080 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
785895 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
785895 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
4337020 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1101185 USD
CY2019 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
54000 USD
CY2020Q3 sgbx Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
631790 USD
CY2020Q3 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
752559 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
57120 USD
CY2020Q3 sgbx Presentvalueofleaseliabilities
Presentvalueofleaseliabilities
1624194 USD
us-gaap Operating Lease Payments Use
OperatingLeasePaymentsUse
1683000 USD
CY2019Q4 sgbx Netcontractliabilitiesonuncompletedcontracts
Netcontractliabilitiesonuncompletedcontracts
-62942 USD
CY2020Q3 sgbx Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
151230 USD
CY2019Q4 sgbx Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
106015 USD
CY2020Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2860730 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
168957 USD
CY2020Q3 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-2709500 USD
CY2019Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-62942 USD
CY2020Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1740623 USD
CY2020Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10703 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1729920 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11747 USD
CY2019Q3 us-gaap Depreciation
Depreciation
3136 USD
us-gaap Depreciation
Depreciation
2858 USD
us-gaap Depreciation
Depreciation
8697 USD
CY2020Q3 sgbx Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
1567074 USD
CY2020Q3 sgbx Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
311745 USD
CY2020Q3 sgbx Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
1255329 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
142777 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1567074 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
57120 USD
CY2020Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2025-05-05
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1125000 shares
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
20160 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
36960 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
57120 USD
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y10M24D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.03 pure
CY2020Q3 sgbx Acquisition Cash
AcquisitionCash
1059600 USD
CY2020Q3 us-gaap Cash
Cash
1059600 USD
CY2020Q3 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Earnoutliability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEarnoutliability
752559 USD
CY2020Q3 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Settlement Of Accounts Receivable And Net Contract Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSettlementOfAccountsReceivableAndNetContractLiabilities
-94980 USD
CY2020Q3 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
1717179 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
316432 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
252557 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
130799 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
7400 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
1672609 USD
CY2020Q3 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Rightofuseassets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightofuseassets
57120 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
103718 USD
CY2020Q3 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Accrued Expenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndAccruedExpenses
733529 USD
CY2020Q3 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contractliabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContractliabilities
32807 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
57120 USD
CY2020Q3 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
1717179 USD
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.03 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0244 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6000000 shares
CY2020Q2 sgbx Options Granted To Purchase Common Stock
OptionsGrantedToPurchaseCommonStock
900000 shares
us-gaap Operating Leases Indemnification Agreements Description
OperatingLeasesIndemnificationAgreementsDescription
<span style="border-left: none; border-right: none;">The leases have remaining lease terms of <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-right: none; border-left: none;">two</span></span></span> and a half years</span> to five years.</span> The plant lease includes an option to extend the lease for up to <span style="border-left: none; border-right: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;">five</span></span></span> years.
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
582473 shares
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
303169 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
87300 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
4555 USD
CY2020Q3 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
91855 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
349200 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
20160 USD
CY2020Q3 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
369360 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
349200 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
20160 USD
CY2020Q3 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
369360 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
330300 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
12245 USD
CY2020Q3 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
342545 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
324000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
USD
CY2020Q3 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
324000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
243000 USD
CY2020Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
USD
CY2020Q3 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
243000 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1683000 USD
CY2020Q3 us-gaap Share Based Compensation
ShareBasedCompensation
303169 USD
CY2019Q3 us-gaap Share Based Compensation
ShareBasedCompensation
142777 USD
us-gaap Share Based Compensation
ShareBasedCompensation
482139 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
53170 shares
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
24.80
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y4M24D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2020Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
57120 USD
CY2020Q3 us-gaap Other Commitment
OtherCommitment
1740120 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
115926 USD
CY2020Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
115926 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
1567074 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
pure
CY2020Q2 sgbx Common Stock Exercise Price Per Share
CommonStockExercisePricePerShare
0.01
CY2020Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
900000 shares
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
6900000 shares
CY2019Q4 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
326250 USD
CY2019Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2019Q4 sgbx Purchase Shares Of Common Stock
PurchaseSharesOfCommonStock
5404 shares
CY2019Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
17634261 USD
CY2018Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
97657379 USD
sgbx New Contracts Received During Year
NewContractsReceivedDuringYear
8662873 USD
CY2019 sgbx New Contracts Received During Year
NewContractsReceivedDuringYear
17659053 USD
sgbx Adjustments And Cancellations Net
AdjustmentsAndCancellationsNet
-27370 USD
CY2019 sgbx Adjustments And Cancellations Net
AdjustmentsAndCancellationsNet
-94697336 USD
sgbx Construction Backlog Gross
ConstructionBacklogGross
26269764 USD
CY2019 sgbx Construction Backlog Gross
ConstructionBacklogGross
20619096 USD
sgbx Contract Revenue
ContractRevenue
1404265 USD
CY2019 sgbx Contract Revenue
ContractRevenue
-2984835 USD
CY2020Q3 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
24865499 USD
CY2019Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
17634261 USD
sgbx Contract Backlog Description
ContractBacklogDescription
the Company during the third quarter of 2019 in the amount of approximately $17 million, and entered into two contracts during the third quarter of 2020 in the amount of approximately $4 million and approximately $2.95 million.
CY2019Q2 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
25000000.0 USD
CY2019Q3 sgbx Number Of Large Contracts
NumberOfLargeContracts
2 Item
CY2019Q4 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
2400000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
24865499 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
us-gaap Conversion Of Stock Shares Issued1
ConversionOfStockSharesIssued1
90084 shares
sgbx Loss On Conversion Of Convertible Debentures
LossOnConversionOfConvertibleDebentures
25833 USD
CY2019Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
857500 shares
CY2019Q4 us-gaap Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
2117948 USD
CY2020Q2 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
1522339 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
347661 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6835 pure
CY2020Q2 us-gaap Other Underwriting Expense
OtherUnderwritingExpense
15596141 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
1653859 USD
CY2020Q2 sgbx Common Stock Number Of Shares Underwritter
CommonStockNumberOfSharesUnderwritter
300000 shares
CY2019Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4239 shares
CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
45000 shares
CY2019Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
17.00
CY2017Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-06-21
CY2020Q2 sgbx Warrants To Purchase
WarrantsToPurchase
300000 shares
CY2020Q2 us-gaap Share Price
SharePrice
3.14
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
833 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
52337 shares
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
24.75
CY2020Q3 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
81.60
sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P6Y7M24D
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
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
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
<span style="text-indent: 0pt; font-size: 10pt;">a </span><span style="text-indent: 0pt; font-size: 10pt; border-left: none; border-right: none;">total of <span class="ng-scope"><span style="border-left: none; border-right: none;">526</span></span> of restricted stock units were granted to <span class="ng-scope"><span style="border-left: none; border-right: none;">two</span></span> of <span style="border-left: none; border-right: none;">the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $<span class="ng-scope"><span style="border-left: none; border-right: none;">58.80</span></span> and $<span class="ng-scope"><span style="border-left: none; border-right: none;">55.20</span></span> per share, respectively, which represents the average closing price of the Company’s common stock for the <span class="ng-scope"><span style="border-left: none; border-right: none;">ten</span></span> trading days immediately preceding and including the grant date, as adjusted for stock splits.</span></span>
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
52128 shares
CY2020Q3 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
24.74
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
81.56
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M20D
CY2020Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
USD
CY2020Q3 us-gaap Share Price
SharePrice
1.81
CY2019Q1 sgbx Number Of Consultants
NumberOfConsultants
1 Consultants
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
<span style="text-indent: 0pt; font-size: 10pt;">a </span><span style="text-indent: 0pt; font-size: 10pt; border-left: none; border-right: none;">total of <span class="ng-scope"><span style="border-left: none; border-right: none;">526</span></span> of restricted stock units were granted to <span class="ng-scope"><span style="border-left: none; border-right: none;">two</span></span> of <span style="border-left: none; border-right: none;">the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $<span class="ng-scope"><span style="border-left: none; border-right: none;">58.80</span></span> and $<span class="ng-scope"><span style="border-left: none; border-right: none;">55.20</span></span> per share, respectively, which represents the average closing price of the Company’s common stock for the <span class="ng-scope"><span style="border-left: none; border-right: none;">ten</span></span> trading days immediately preceding and including the grant date, as adjusted for stock splits.</span></span>
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
8938 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
472331 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
17512 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
4000 shares
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
459757 shares
CY2019Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2100000 USD
CY2020Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1 USD
CY2020Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
4000000 USD
CY2019Q2 sgbx Recovery Of Damages Sought
RecoveryOfDamagesSought
30428 USD
CY2020Q1 sgbx Description Of Claimed Amount
DescriptionOfClaimedAmount
<span style="font-size: 10.0pt; font-family: 'Times New Roman', serif;">the 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 (</span>hereafter the “Action”).
CY2020Q2 sgbx Unpaid Wages
UnpaidWages
300000 USD
CY2020Q2 sgbx Claimed Wages
ClaimedWages
400000 USD

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