2020 Q4 Form 10-K Financial Statement

#000121390021021736 Filed on April 15, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $7.350M $8.756M $340.0K
YoY Change 2061.76% 193.34% -84.96%
Cost Of Revenue $5.750M $6.535M $290.0K
YoY Change 1882.76% 183.23% -86.45%
Gross Profit $1.610M $2.220M $50.00K
YoY Change 3120.0% 227.78% -58.33%
Gross Profit Margin 21.9% 25.36% 14.71%
Selling, General & Admin $3.070M $271.0K $1.080M
YoY Change 184.26% -86.64% -43.16%
% of Gross Profit 190.68% 12.21% 2160.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $90.00K $50.66K $40.00K
YoY Change 125.0% 426.5% -75.0%
% of Gross Profit 5.59% 2.28% 80.0%
Operating Expenses $3.070M $6.803M $1.080M
YoY Change 184.26% -7.84% -42.86%
Operating Profit -$1.460M -$4.583M -$1.030M
YoY Change 41.75% -31.64% -41.81%
Interest Expense $20.00K $50.00K -$180.0K
YoY Change -111.11% -127.78%
% of Operating Profit
Other Income/Expense, Net $0.00 $74.67K $10.00K
YoY Change -100.0% -134.49%
Pretax Income -$1.440M -$4.508M -$4.130M
YoY Change -65.13% -34.86% 132.02%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.630M -$4.693M -$4.130M
YoY Change -60.53% -32.19% 125.68%
Net Earnings / Revenue -22.18% -53.6% -1214.71%
Basic Earnings Per Share
Diluted Earnings Per Share -$188.9K -$786.9K -$8.787M
COMMON SHARES
Basic Shares Outstanding 8.596M shares 6.008M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.01M $13.01M $1.630M
YoY Change 698.16% 698.16% 18.98%
Cash & Equivalents $13.01M $13.01M $1.626M
Short-Term Investments
Other Short-Term Assets $570.0K $570.0K $17.60M
YoY Change -96.76% 714.29% -81.99%
Inventory $778.1K $780.0K
Prepaid Expenses
Receivables $2.636M $3.940M $1.101M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $18.30M $18.30M $2.907M
YoY Change 529.49% 528.87% -33.36%
LONG-TERM ASSETS
Property, Plant & Equipment $2.683M $4.220M $11.75K
YoY Change 22739.99% 42100.0% -83.53%
Goodwill $1.309M $1.224M
YoY Change 7.01% -70.6%
Intangibles $2.219M $2.299M
YoY Change -3.49% -5.94%
Long-Term Investments
YoY Change
Other Assets $150.0K $150.0K $190.0K
YoY Change -21.05% -21.05%
Total Long-Term Assets $8.584M $8.580M $3.728M
YoY Change 130.27% 130.65% -44.17%
TOTAL ASSETS
Total Short-Term Assets $18.30M $18.30M $2.907M
Total Long-Term Assets $8.584M $8.580M $3.728M
Total Assets $26.88M $26.88M $6.635M
YoY Change 305.18% 305.43% -39.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.012M $3.960M $2.110M
YoY Change 42.76% 87.68% -19.47%
Accrued Expenses $310.0K $310.0K
YoY Change
Deferred Revenue $1.775M $169.0K
YoY Change 950.41% -87.34%
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 $7.230M $2.274M
YoY Change 218.08% 218.5% -42.55%
LONG-TERM LIABILITIES
Long-Term Debt $30.00K $30.00K $0.00
YoY Change
Other Long-Term Liabilities $1.180M $1.180M
YoY Change
Total Long-Term Liabilities $1.210M $1.210M $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $7.235M $7.230M $2.274M
Total Long-Term Liabilities $1.210M $1.210M $0.00
Total Liabilities $8.444M $8.630M $2.274M
YoY Change 271.26% 280.18% -42.56%
SHAREHOLDERS EQUITY
Retained Earnings -$22.28M -$17.58M
YoY Change 26.69% 64.9%
Common Stock $85.96K $11.58K
YoY Change 642.4% 443.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.25M $18.25M $4.360M
YoY Change
Total Liabilities & Shareholders Equity $26.88M $26.88M $6.635M
YoY Change 305.18% 305.43% -39.9%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income -$1.630M -$4.693M -$4.130M
YoY Change -60.53% -32.19% 125.68%
Depreciation, Depletion And Amortization $90.00K $50.66K $40.00K
YoY Change 125.0% 426.5% -75.0%
Cash From Operating Activities $1.560M -$2.888M -$320.0K
YoY Change -587.5% 2.57% -79.22%
INVESTING ACTIVITIES
Capital Expenditures -$1.520M $1.568M $0.00
YoY Change 75654.35% -100.0%
Acquisitions
YoY Change
Other Investing Activities -$90.00K -$1.480M $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.610M -$3.046M $0.00
YoY Change 147036.38%
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 $17.32M 1.930M
YoY Change -100.0% 463.2%
NET CHANGE
Cash From Operating Activities 1.560M -$2.888M -320.0K
Cash From Investing Activities -1.610M -$3.046M 0.000
Cash From Financing Activities 0.000 $17.32M 1.930M
Net Change In Cash -50.00K $11.38M 1.610M
YoY Change -103.11% 4325.09% -204.55%
FREE CASH FLOW
Cash From Operating Activities $1.560M -$2.888M -$320.0K
Capital Expenditures -$1.520M $1.568M $0.00
Free Cash Flow $3.080M -$4.456M -$320.0K
YoY Change -1062.5% 58.15% -79.08%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2020 dei Entity Incorporation State Country Code
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Intangible assets consist of $2,766,000 of proprietary knowledge and technology, which is being amortized over 20 years. In addition, included in intangible assets is $97,164 of trademarks, and $5,300 of website costs that are being amortized over 5 years.
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The leases have remaining lease terms of two and a half years to five years. The plant lease includes an option to extend the lease for up to five years.
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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 1,250 shares of such restricted stock. The Agreement also provides for customary indemnification and confidentiality obligations between the parties. The 2,500 shares of restricted stock of the Company's common stock has yet to be issued to CMC.
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Total of 526 of restricted stock units were granted to two of the Company’s non-employee directors, under the Incentive Plan, at the calculated fair value of $58.80 and $55.20 per share, respectively, which represents the average closing price of the Company’s common stock for the ten trading days immediately preceding and including the grant date.
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The length of the Company’s contracts varies, but is typically between six to twelve months.
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In consideration for the License, during the initial term, the Licensee agreed to pay the Company a royalty of (x) five percent (5%) on the first $20,000,000 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) four and one-half percent (4.5%) on the next $30,000,000 of Gross Revenues, and (z) five percent (5%) on all Gross Revenues thereafter (collectively, the “Royalty”), subject to the following minimum royalty payments determined on a cumulative basis during the initial term: $500,000 in year 1, $750,000 in year 2, $500,000 in year 3, $2,000,000 in year 4, and $2,500,000 in year 5
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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) $300,000 due in severance
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<span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">17</span> State Street</span>,
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CY2020 us-gaap Increase Decrease In Accounts Receivable
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CY2019 us-gaap Stock Issued During Period Value Conversion Of Units
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3253962 USD
CY2019 us-gaap Profit Loss
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4360149 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4360149 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1261215 USD
CY2020 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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CY2020 sgbx Stock Issued During Period Values Reverse Stock Splits
StockIssuedDuringPeriodValuesReverseStockSplits
-122 USD
CY2020 sgbx Conversion Of Debt Exchange Value
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206263 USD
CY2020 sgbx Stock Issued During Period Issuance Of Common Stock Net Of Issuance Costs
StockIssuedDuringPeriodIssuanceOfCommonStockNetOfIssuanceCosts
17118480 USD
CY2020 us-gaap Profit Loss
ProfitLoss
-4508162 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18437823 USD
CY2020 us-gaap Profit Loss
ProfitLoss
-4508162 USD
CY2019 us-gaap Profit Loss
ProfitLoss
-6920540 USD
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2938653 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1166692 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-154310 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
647345 USD
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
489437 USD
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-912749 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-81256 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1129189 USD
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-301457 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1236174 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1165930 USD
CY2020 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
965561 USD
CY2019 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
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CY2020 us-gaap Increase Decrease In Other Current Liabilities
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5000 USD
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-82553 USD
CY2019 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
USD
CY2020 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
USD
CY2019 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-203926 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2887950 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2815621 USD
CY2019 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
CY2020 us-gaap Stock Issued1
StockIssued1
USD
CY2019 us-gaap Stock Issued1
StockIssued1
217256 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1568115 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2070 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
743168 USD
CY2019 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
650000 USD
CY2019 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
CY2020 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
84440 USD
CY2019 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3045723 USD
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2070 USD
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
17118480 USD
CY2019 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
3253962 USD
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
USD
CY2019 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
375000 USD
CY2020 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
200000 USD
CY2020 sgbx Settlement Of Common Stock From Reverse Stock Splits
SettlementOfCommonStockFromReverseStockSplits
122 USD
CY2019 sgbx Settlement Of Common Stock From Reverse Stock Splits
SettlementOfCommonStockFromReverseStockSplits
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CY2020 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
USD
CY2019 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
480770 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
USD
CY2019 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
73225 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17318358 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3074967 USD
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
11384685 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
257276 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
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13010356 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1625671 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
2614 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
105770 USD
CY2020 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
200000 USD
CY2019 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
USD
CY2020 sgbx Noncashconversionofinterestexpenseoflongtermdebt
Noncashconversionofinterestexpenseoflongtermdebt
6263 USD
CY2019 sgbx Noncashconversionofinterestexpenseoflongtermdebt
Noncashconversionofinterestexpenseoflongtermdebt
USD
CY2020Q1 us-gaap Stockholders Equity Reverse Stock Split
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<span style="border-left: none; border-right: none;">1</span>-for-<span style="border-left: none; border-right: none;">20</span>
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
25117461 USD
sgbx Proceeds From Public Offering
ProceedsFromPublicOffering
1136015 USD
CY2019Q4 sgbx Proceeds From Public Offering
ProceedsFromPublicOffering
326000 USD
CY2020 sgbx Proceeds From Public Offering
ProceedsFromPublicOffering
2117948 USD
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1522339 USD
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
15596141 USD
CY2020 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;"><b><i>Accounting estimates<span> </span></i></b>– The preparation of 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, warrant liabilities and allowance for doubtful accounts. Actual results could differ from those estimates.</span></p> </div> </div> </div> </div> </div> </div>
CY2019Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.50 pure
CY2019Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
2500 shares
CY2020Q3 sgbx Common Stock Vest And Be Issued Shares
CommonStockVestAndBeIssuedShares
1250 shares
CY2020 sgbx Residential Units
ResidentialUnits
100 shares
CY2020 sgbx Commercial Units
CommercialUnits
1100 shares
CY2020 us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
16900000 USD
CY2020Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
1 pure
CY2020 us-gaap Related Party Costs
RelatedPartyCosts
250000 USD
CY2020 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
2150323 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4057086 USD
CY2019 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
4698537 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8755623 USD
CY2020 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2984835 USD
CY2019 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2020 sgbx Construction Fee
ConstructionFee
300000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 USD
CY2020Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 USD
CY2020Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
50981 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
200000 shares
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
965561 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13010356 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1625671 USD
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
2938653 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
649855 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
148541 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1614315 USD
CY2019 us-gaap Adjustment For Amortization
AdjustmentForAmortization
145124 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
158793 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
154470 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
152676 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
151969 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
148551 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1452150 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2218609 USD
CY2020 us-gaap Depreciation
Depreciation
50655 USD
CY2019 us-gaap Depreciation
Depreciation
9621 USD
CY2020 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 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 December 31, 2020 and 2019, 79% and <span style="border-left: none; border-right: none;">92</span>%, 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 style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue relating to three and two customers represented approximately 61% and 78% of the Company’s total revenue for the years ended December 31, 2020 and 2019, respectively.</span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span><br/></span></span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>For the year ended December 31, 2020, there were no vendors which represented 10% or more of our cost of revenue. For the year ended December 31, 2019, 74% of our cost of revenue related to three vendors</span>. The Company believes it has access to alternative suppliers, with limited disruption to the business, should circ</span><span style="font-family: 'Times New Roman'; font-size: 10pt;">umstances change with its existing suppliers.</span></p>
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3431522 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
1887080 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
795914 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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785895 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
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2635608 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1101185 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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795914 USD
CY2020 us-gaap Provision For Doubtful Accounts
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10018 USD
CY2019 us-gaap Provision For Doubtful Accounts
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-54000 USD
CY2020Q4 sgbx Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
4572581 USD
CY2019Q4 sgbx Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
513558 USD
CY2020Q4 sgbx Estimated Income Loss On Uncompleted Contracts
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-872302 USD
CY2019Q4 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
-127032 USD
CY2020Q4 sgbx Contract Receivables Retainage
ContractReceivablesRetainage
5444883 USD
CY2019Q4 sgbx Contract Receivables Retainage
ContractReceivablesRetainage
640590 USD
CY2020Q4 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
-5916487 USD
CY2019Q4 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
-703532 USD
CY2020Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-471604 USD
CY2019Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-62942 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
1303136 USD
CY2019Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
106015 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1774740 USD
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
168957 USD
CY2020Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-471604 USD
CY2019Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-62942 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2741514 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
20747 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
58500 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2683014 USD
CY2020Q3 sgbx Acquisition Cash
AcquisitionCash
1059600 USD
CY2020Q4 us-gaap Cash
Cash
1059600 USD
CY2020Q4 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Earnoutliability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedEarnoutliability
USD
CY2020Q4 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Settlement Of Accounts Receivable And Net Contract Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedSettlementOfAccountsReceivableAndNetContractLiabilities
-94980 USD
CY2020 us-gaap Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
964620 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
316432 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
252557 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
130799 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Prepaid Expense And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsPrepaidExpenseAndOtherAssets
7400 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Noncurrent Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedOtherNoncurrentAssets
1154818 USD
CY2020Q4 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Rightofuseassets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedRightofuseassets
57120 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Less Noncontrolling Interest
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedLessNoncontrollingInterest
85810 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
68344 USD
CY2020Q4 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Accrued Expenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndAccruedExpenses
-733529 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesOther
285204 USD
CY2020Q4 sgbx Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contractliabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContractliabilities
-32807 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Capital Lease Obligation
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCapitalLeaseObligation
57120 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
964620 USD
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
0 USD
CY2019Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.22 pure
CY2020 sgbx Percentage Of Exercise Price
PercentageOfExercisePrice
0.09 pure
CY2020 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
5404 shares
CY2019Q4 sgbx Commonstockascompensation
Commonstockascompensation
5404 shares
CY2020Q4 sgbx Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
1486067 USD
CY2020Q4 sgbx Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
-307737 USD
CY2020Q4 sgbx Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
-1178458 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1486195 USD
CY2020Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
51478 USD
CY2020Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
18917 USD
CY2020Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
31136 USD
CY2020Q4 sgbx Total Finance Lease Liabilities
TotalFinanceLeaseLiabilities
-50053 USD
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.03 pure
CY2020Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.03 pure
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
348117 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
20160 USD
CY2020Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
368277 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
348984 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
20160 USD
CY2020Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
369144 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
330300 USD
CY2020Q4 us-gaap Finance Lease Liability Payments Due Year Four
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CY2019Q2 us-gaap Common Stock Shares Authorized
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CY2019Q2 us-gaap Common Stock Shares Authorized
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25000000 shares
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2025-05-05
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
CY2020 us-gaap Share Based Compensation
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CY2018Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
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81.20
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CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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shares
CY2019 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
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CY2019 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageFairValue
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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2083 shares
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
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CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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53170 shares
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24.80
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81.20
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2020 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
CY2020 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageFairValue
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
16733 shares
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2020 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
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CY2020 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
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CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
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36332 shares
CY2020Q4 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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CY2020 us-gaap Allocated Share Based Compensation Expense
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10667 USD
CY2019Q4 us-gaap Allocated Share Based Compensation Expense
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CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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2667 USD
CY2020Q4 us-gaap Share Price
SharePrice
6.10
CY2019Q1 sgbx Number Of Employees
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CY2019Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
9189 shares
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
16.40
CY2020Q4 us-gaap Share Price
SharePrice
3.28
CY2019Q1 us-gaap Loss Contingency Damages Sought Value
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2100000 USD
CY2018Q3 us-gaap Loss Contingency Damages Sought Value
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761401.66 USD
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2861401.66 USD
CY2019Q2 sgbx Unpaid Wages
UnpaidWages
30428.71 USD
CY2020Q1 sgbx Unpaid Wages
UnpaidWages
372638 USD
CY2020Q1 sgbx Severance Amount
SeveranceAmount
300000 USD
CY2020Q2 sgbx Severance Amount
SeveranceAmount
300000 USD
CY2020Q2 us-gaap Other Commitments Description
OtherCommitmentsDescription
provide for an annual base salary of $400,000, 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. All other terms of the employment agreement remain in full force and effect. 
CY2020 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
703437 USD
CY2020Q4 us-gaap Shares Issued
SharesIssued
225100 shares

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