2021 Q4 Form 10-K Financial Statement

#000121390022020226 Filed on April 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $8.453M $38.34M $7.350M
YoY Change 15.0% 337.91% 2061.76%
Cost Of Revenue $10.28M $36.01M $5.750M
YoY Change 78.71% 451.04% 1882.76%
Gross Profit -$1.823M $2.329M $1.610M
YoY Change -213.25% 4.9% 3120.0%
Gross Profit Margin -21.57% 6.07% 21.9%
Selling, General & Admin $347.5K $329.2K $3.070M
YoY Change -88.68% 21.47% 184.26%
% of Gross Profit 14.14% 190.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $145.7K $398.7K $90.00K
YoY Change 61.9% 687.18% 125.0%
% of Gross Profit 17.12% 5.59%
Operating Expenses $347.5K $8.312M $3.070M
YoY Change -88.68% 22.18% 184.26%
Operating Profit -$2.171M -$5.983M -$1.460M
YoY Change 48.68% 30.55% 41.75%
Interest Expense $15.70K $55.96K $20.00K
YoY Change -21.5% 11.92% -111.11%
% of Operating Profit
Other Income/Expense, Net $1.130K $74.48K $0.00
YoY Change -0.26% -100.0%
Pretax Income -$2.164M -$5.908M -$1.440M
YoY Change 50.26% 31.06% -65.13%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.427M -$10.83M -$1.630M
YoY Change 110.22% 130.84% -60.53%
Net Earnings / Revenue -40.54% -28.25% -22.18%
Basic Earnings Per Share -$1.16
Diluted Earnings Per Share -$312.5K -$1.160M -$188.9K
COMMON SHARES
Basic Shares Outstanding 11.99M shares 9.339M shares 8.596M shares
Diluted Shares Outstanding 9.339M shares

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.02M $13.02M $13.01M
YoY Change 0.11% 0.11% 698.16%
Cash & Equivalents $13.02M $13.02M $13.01M
Short-Term Investments
Other Short-Term Assets $3.200M $656.3K $570.0K
YoY Change 461.4% 15.14% -96.76%
Inventory $1.274M $1.274M $778.1K
Prepaid Expenses
Receivables $2.918M $2.960M $2.636M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $17.91M $17.91M $18.30M
YoY Change -2.1% -2.11% 529.49%
LONG-TERM ASSETS
Property, Plant & Equipment $6.840M $8.050M $2.683M
YoY Change 154.94% 90.76% 22739.99%
Goodwill $1.309M $1.309M
YoY Change 0.0% 7.01%
Intangibles $2.095M $2.219M
YoY Change -5.56% -3.49%
Long-Term Investments $3.800M $3.800M
YoY Change
Other Assets $112.2K $112.2K $150.0K
YoY Change -25.23% -25.23% -21.05%
Total Long-Term Assets $17.01M $17.01M $8.584M
YoY Change 98.16% 98.25% 130.27%
TOTAL ASSETS
Total Short-Term Assets $17.91M $17.91M $18.30M
Total Long-Term Assets $17.01M $17.01M $8.584M
Total Assets $34.92M $34.92M $26.88M
YoY Change 29.92% 29.93% 305.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.785M $7.569M $3.012M
YoY Change 25.64% 91.13% 42.76%
Accrued Expenses $318.0K $318.0K $310.0K
YoY Change 2.57% 2.57%
Deferred Revenue $1.438M $1.775M
YoY Change -19.0% 950.41%
Short-Term Debt $23.73K $1.972M $0.00
YoY Change
Long-Term Debt Due $19.49K $19.49K $20.00K
YoY Change -2.55% -2.55%
Total Short-Term Liabilities $11.59M $11.59M $7.235M
YoY Change 60.15% 60.25% 218.08%
LONG-TERM LIABILITIES
Long-Term Debt $761.6K $761.6K $30.00K
YoY Change 2438.8% 2438.8%
Other Long-Term Liabilities $860.5K $860.5K $1.180M
YoY Change -27.08% -27.08%
Total Long-Term Liabilities $1.622M $1.622M $1.210M
YoY Change 34.06% 34.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.59M $11.59M $7.235M
Total Long-Term Liabilities $1.622M $1.622M $1.210M
Total Liabilities $13.21M $14.57M $8.444M
YoY Change 56.42% 68.85% 271.26%
SHAREHOLDERS EQUITY
Retained Earnings -$33.11M -$22.28M
YoY Change 48.63% 26.69%
Common Stock $119.9K $85.96K
YoY Change 39.44% 642.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.35M $20.35M $18.25M
YoY Change
Total Liabilities & Shareholders Equity $34.92M $34.92M $26.88M
YoY Change 29.92% 29.93% 305.18%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income -$3.427M -$10.83M -$1.630M
YoY Change 110.22% 130.84% -60.53%
Depreciation, Depletion And Amortization $145.7K $398.7K $90.00K
YoY Change 61.9% 687.18% 125.0%
Cash From Operating Activities $369.7K -$662.8K $1.560M
YoY Change -76.3% -77.05% -587.5%
INVESTING ACTIVITIES
Capital Expenditures -$648.9K $4.825M -$1.520M
YoY Change -57.31% 207.68%
Acquisitions
YoY Change
Other Investing Activities -$538.8K -$3.974M -$90.00K
YoY Change 498.67% 168.48%
Cash From Investing Activities -$1.188M -$9.471M -$1.610M
YoY Change -26.23% 210.97%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.55M $10.15M 0.000
YoY Change -41.4% -100.0%
NET CHANGE
Cash From Operating Activities 369.7K -$662.8K 1.560M
Cash From Investing Activities -1.188M -$9.471M -1.610M
Cash From Financing Activities 10.55M $10.15M 0.000
Net Change In Cash 9.734M $14.03K -50.00K
YoY Change -19567.36% -99.88% -103.11%
FREE CASH FLOW
Cash From Operating Activities $369.7K -$662.8K $1.560M
Capital Expenditures -$648.9K $4.825M -$1.520M
Free Cash Flow $1.019M -$5.488M $3.080M
YoY Change -66.93% 23.15% -1062.5%

Facts In Submission

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CY2020 us-gaap Gain Loss On Investments
GainLossOnInvestments
32637 USD
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1647391 USD
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1261215 USD
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-44081 USD
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1012 USD
CY2021 sgbx Gain Loss From Equity Affiliaties
GainLossFromEquityAffiliaties
-55 USD
CY2020 sgbx Gain Loss From Equity Affiliaties
GainLossFromEquityAffiliaties
USD
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
449240 USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
890531 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1261220 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1166692 USD
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
495681 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
647345 USD
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
61778 USD
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
489437 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-473331 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-81256 USD
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3606889 USD
CY2020 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1129189 USD
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-337161 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
1236174 USD
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-701110 USD
CY2020 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
965561 USD
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-5000 USD
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
5000 USD
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-472492 USD
CY2020 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-82553 USD
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-662759 USD
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2887950 USD
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4824756 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1568115 USD
CY2021 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
USD
CY2020 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
743168 USD
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
42500 USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
225000 USD
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
USD
CY2020 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
650000 USD
CY2021 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
194969 USD
CY2020 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
84440 USD
CY2021 sgbx Payments For Project Development Costs
PaymentsForProjectDevelopmentCosts
630470 USD
CY2020 sgbx Payments For Project Development Costs
PaymentsForProjectDevelopmentCosts
USD
CY2021 sgbx Payment On Security Deposit
PaymentOnSecurityDeposit
203562 USD
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10148041 USD
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17318358 USD
CY2020 sgbx Payment On Security Deposit
PaymentOnSecurityDeposit
USD
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
200000 USD
CY2020 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
USD
CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3600000 USD
CY2020 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
USD
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9471257 USD
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3045723 USD
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
10487753 USD
CY2020 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
17118480 USD
CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
707188 USD
CY2020 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
USD
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000 USD
CY2020 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
USD
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
51766 USD
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
USD
CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
750000 USD
CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
200000 USD
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3745134 USD
CY2020 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
USD
CY2021 sgbx Settlement Of Common Stock From Reverse Stock Splits
SettlementOfCommonStockFromReverseStockSplits
USD
CY2020 sgbx Settlement Of Common Stock From Reverse Stock Splits
SettlementOfCommonStockFromReverseStockSplits
122 USD
CY2021 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
14025 USD
CY2020 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
11384685 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13010356 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1625671 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13024381 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13010356 USD
CY2021 us-gaap Interest Paid Net
InterestPaidNet
562 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
2614 USD
CY2021 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
USD
CY2020 us-gaap Debt Conversion Original Debt Amount1
DebtConversionOriginalDebtAmount1
200000 USD
CY2021 sgbx Noncashconversionofinterestexpenseoflongtermdebt
Noncashconversionofinterestexpenseoflongtermdebt
USD
CY2020 sgbx Noncashconversionofinterestexpenseoflongtermdebt
Noncashconversionofinterestexpenseoflongtermdebt
6263 USD
CY2020Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-<span style="border-left: none; border-right: none;">20</span>
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13024381 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
3200000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3217909 USD
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
1522339 USD
CY2020Q2 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
15596141 USD
CY2021 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, judgements 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, together with amounts disclosed in the related notes to the financial statements. The Company's estimates used in these financial statements include, but are not limited to, revenue recognition, <span style="color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">stock-based compensation, accounts receivable reserves, inventory valuations, goodwill, the valuation allowance related to the Company’s deferred tax assets, the carrying amount of intangible assets, right of use assets and the recoverability and useful lives of long-lived assets. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates.</span>   </span></p> <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;"><br/></p> </div> </div> </div> </div> </div> </div>
CY2021 sgbx Operating Cycle Description
OperatingCycleDescription
The length of the Company’s contracts varies, but is typically between <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-right: none; border-left: none;">six</span></span></span> to <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-right: none; border-left: none;">twelve</span></span></span> months.
CY2021 sgbx Warranty Offered On Completed Contracts
WarrantyOfferedOnCompletedContracts
P1Y
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
CY2021Q3 sgbx Common Stock Remaining Vest And Be Issued Shares
CommonStockRemainingVestAndBeIssuedShares
1250 shares
CY2021 sgbx Gross Revenue Expected
GrossRevenueExpected
16900000 USD
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
31.4 USD
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segments
CY2020 sgbx Revenue At Point In Time
RevenueAtPointInTime
4057086 USD
CY2020 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
4698537 USD
CY2021 sgbx Total Construction Revenue Segment
TotalConstructionRevenueSegment
6793690 USD
CY2021Q4 sgbx Total Construction Revenue Segment Percentage
TotalConstructionRevenueSegmentPercentage
0.18 pure
CY2020 sgbx Total Construction Revenue Segment
TotalConstructionRevenueSegment
4514123 USD
CY2021 sgbx Accumulated Amortization Related To Deferred Costs
AccumulatedAmortizationRelatedToDeferredCosts
91765 USD
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40785 USD
CY2020Q4 sgbx Total Construction Revenue Segment Percentage
TotalConstructionRevenueSegmentPercentage
0.51 pure
CY2021 sgbx Total Medical Revenue Segment
TotalMedicalRevenueSegment
31548012 USD
CY2021Q4 sgbx Total Medical Revenue Segment Percentage
TotalMedicalRevenueSegmentPercentage
0.82 pure
CY2020 sgbx Total Medical Revenue Segment
TotalMedicalRevenueSegment
4241500 USD
CY2020Q4 sgbx Total Medical Revenue Segment Percentage
TotalMedicalRevenueSegmentPercentage
0.49 pure
CY2021 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax Percentage
RevenueFromContractWithSegmentsCustomerExcludingAssessedTaxPercentage
1 pure
CY2020 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax
RevenueFromContractWithSegmentsCustomerExcludingAssessedTax
8755623 USD
CY2020 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax Percentage
RevenueFromContractWithSegmentsCustomerExcludingAssessedTaxPercentage
1 pure
CY2021Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 USD
CY2021Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 USD
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 USD
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40786 USD
CY2021 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) five percent (5%) on the first $20,000,000 of gross revenues derived from the Licensee’s com mercialization 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, $1,500,000 in year 3, $2,000,000 in year 4, and $2,500,000 in year 5.
CY2021 sgbx Concentration Risk Percentage
ConcentrationRiskPercentage
0.50 pure
CY2021 sgbx Redemption Distributions
RedemptionDistributions
1250000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
200000 shares
CY2021 us-gaap Other Income
OtherIncome
60000 USD
CY2020 us-gaap Repayments Of Debt
RepaymentsOfDebt
965561 USD
CY2020 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
641178 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
420773 USD
CY2021 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
350329 USD
CY2021Q2 us-gaap Members Equity Attributable To Noncontrolling Interest
MembersEquityAttributableToNoncontrollingInterest
10 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13024381 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13010356 USD
CY2020Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2021 us-gaap Bankruptcy Proceedings Description Of Proceedings
BankruptcyProceedingsDescriptionOfProceedings
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 $47,800 of website costs that are being amortized over 5 years.
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
165877 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
649855 USD
CY2020 us-gaap Adjustment For Amortization
AdjustmentForAmortization
148541 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
162970 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
161175 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
160469 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
157051 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
139717 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1313850 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2095232 USD
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10018 USD
CY2021 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, 2021 and 2020, 78% and 79%, respectively, of the Company’s gross accounts receivable were due from four and three 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;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">Revenue in excess of<span> </span></span>10<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">% relating to<span> </span></span>one<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"> and<span> three</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"><span> </span>customers represented approximately<span> 80</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">% and<span> 61</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">% of the Company's total revenue for the year ended December 31, 2021 and 2020, respectively. </span></span></p> <p style="margin: 0pt 0pt 0pt 36pt;"><br/></p> <p style="margin: 0pt 0pt 0pt 36pt;"><span style="background-color: #ffffff;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff;">For the year ending December 31, 2021 and 2020, there were no vendors that represented 10% or more of our cost of revenue.</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;"> </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important; float: none;">The Company believes it has access to alternative suppliers, with limited disruption to the business, should circumstances change with its existing suppliers.</span></p>
CY2021 sgbx Number Of Customers
NumberOfCustomers
4 Customer
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3880762 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3431522 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
963116 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
795914 USD
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3354626 USD
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CY2021 sgbx Business Combination Consideration Transferred Earnout Liability Incurred
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85810 USD
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57120 USD
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The leases have remaining lease terms of one and a half years to four years. The plant lease includes an option to extend the lease for up to five years.
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P3Y8M8D
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P1Y7M9D
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CY2021Q4 us-gaap Finance Lease Liability Payments Due Year Three
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CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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67826 USD
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785 USD
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31135 USD
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CY2019Q4 sgbx Construction Contracts Backlog
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25117461 USD
CY2021 sgbx Contract Backlog Description
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<span style="border-right: none; border-left: none;">two</span> contracts entered into during the third quarter of 2020 in the amount of approximately $4 million and approximately $2.95 million
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sgbx Construction Backlog Contract Revenue
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870000 USD
sgbx Cancellation Of Construction Backlog Contract Amountbacklogcontract
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1300000 USD
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16900000 USD
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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pure
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CY2020 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
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CY2021 sgbx Differences Attributable To Change In State Business Apportionment
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CY2020 sgbx Differences Attributable To Change In State Business Apportionment
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
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800036 USD
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47184 USD
CY2021Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
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205 USD
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4598294 USD
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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4598294 USD
CY2019Q3 us-gaap Debt Instrument Maturity Date
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2024-08-29
CY2020Q2 sgbx Warrants To Purchase
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300000 shares
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
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6900000 shares
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15596141 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
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1653859 USD
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300000 shares
CY2021Q4 sgbx Gross Proceeds
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11550000 USD
CY2021Q4 us-gaap Deferred Tax Assets Net
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CY2020Q4 us-gaap Deferred Tax Assets Net
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2020 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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1541948 USD
CY2020Q4 sgbx Future Taxable Income Temporarily Removes Percentage
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0.80 pure
CY2021Q4 us-gaap Unrecognized Tax Benefits
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0 USD
CY2017Q3 us-gaap Sale Of Stock Price Per Share
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100
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176771 USD
CY2017Q3 sgbx Warrants To Purchase Of Common Stock
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563 shares
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8321 shares
CY2019Q4 us-gaap Conversion Of Stock Amount Issued1
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2117948 USD
CY2020Q2 us-gaap Other Underwriting Expense
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1522339 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
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347661 USD
CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
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6000000 shares
CY2020Q2 sgbx Options Granted To Purchase Common Stock
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900000 shares
CY2020Q2 sgbx Common Stock Exercise Price Per Share
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0.01
CY2020Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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900000 shares
CY2021Q4 sgbx Purchaseof Agreement
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Pursuant to the terms of the Purchase Agreement, the Company issued to the investor (A) in a registered direct offering (i) 975,000 shares (the “Public Shares”) of its Common Stock, par value $0.01 per share (the “Common Stock”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 2,189,384 shares (the “Pre-Funded Warrant Shares”) of Common Stock and (B) in a concurrent private placement, Series A warrants to purchase up to 1,898,630 shares (the “Common Stock Warrant Shares”) of Common Stock (the “Common Stock Warrants,” and together with the Public Shares and the Pre-Funded Warrants, the “Securities”) (the “Offering The Pre-Funded Warrants were immediately exercisable at a nominal exercise price of $0.001 and all Pre-Funded Warrants sold have been exercised. The Common Stock Warrants have an exercise price of $4.80 per share, are exercisable upon issuance and will expire five years from the date of issuance. A.G.P./Alliance Global Partners (the “Placement Agent”) acted as the exclusive placement agent for the transaction pursuant to that certain Placement Agency Agreement, dated as of October 25, 2021, by and between the Company and the Placement Agent (the “Placement Agency Agreement”), the Placement Agent received (i) a cash fee equal to seven percent (7.0%) of the gross proceeds from the placement of the Securities sold by the Placement Agent in the Offering and (ii) a non-accountable expense allowance of one half of one percent (0.5%) of the gross proceeds from the placement of theGross Proceeds Securities sold by the Placement Agent in the Offering. The Company also reimbursed the Placement Agent’s expenses up to $50,000 upon closing the Offering.
CY2021Q4 us-gaap Deferred Offering Costs
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10500000 USD
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
25000000 shares
CY2019Q3 us-gaap Stock Issued During Period Shares New Issues
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45000 shares
CY2019Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
17
CY2017Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-06-21
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-10-29
CY2016Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
3625000 shares
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1343377 shares
CY2019Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
81.2
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
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
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
CY2020Q2 us-gaap Share Price
SharePrice
3.14
CY2020Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2025-05-05
CY2021Q4 sgbx Warrants To Purchase
WarrantsToPurchase
1898630 shares
CY2021Q4 us-gaap Share Price
SharePrice
4.8
CY2016Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
25000 shares
CY2021 sgbx Stock Based Compensation Expens Total
Stock-basedCompensationExpensTotal
1647391 USD
CY2020 sgbx Stock Based Compensation Expens Total
Stock-basedCompensationExpensTotal
1261215 USD
CY2021 sgbx Stock Based Compensation Expens Total
Stock-basedCompensationExpensTotal
1647391 USD
CY2020 sgbx Stock Based Compensation Expens Total
Stock-basedCompensationExpensTotal
1261215 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
24.8
CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
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
16734 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
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36436 shares
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
35.54
CY2020Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
78.71
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y4M2D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2021 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
CY2021 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageFairValue
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36436 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
78.71
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y4M2D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
USD
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2666 USD
CY2020 sgbx Allocated Share Based Compensation Expense Accrued
AllocatedShareBasedCompensationExpenseAccrued
10667 USD
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.88
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
24.8
CY2021Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
78.71
CY2021 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P5Y4M2D
CY2021Q4 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValueOne
USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36332 shares
CY2020Q4 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
24.8
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
78.67
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y4M2D
CY2020Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36436 shares
CY2021Q4 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
24.8
CY2019Q2 sgbx Number Of Employees
NumberOfEmployees
6 Employee
CY2019Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
3063 shares
CY2019Q1 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
847957 USD
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
16.4
CY2020Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
8000 shares
CY2020Q2 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
12000 shares
CY2020Q2 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
168176 USD
CY2020Q3 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
769250 USD
CY2020Q4 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
111920 USD
CY2020Q4 us-gaap Share Price
SharePrice
3.28
CY2020Q4 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
1220160 USD
CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
1214500 shares
CY2021Q4 us-gaap Share Price
SharePrice
3.38
CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
475000 shares
CY2019Q2 sgbx Unpaid Wages
UnpaidWages
30428.71 USD
CY2021Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
67125.83 USD
CY2020Q1 sgbx Unpaid Wages
UnpaidWages
372638 USD
CY2020Q1 sgbx Severance Amount
SeveranceAmount
300000 USD
CY2020Q2 sgbx Unpaid Wages
UnpaidWages
300000 USD
CY2021Q4 sgbx Fair Value Of Restricted Units
FairValueOfRestrictedUnits
4105010 USD
CY2021Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
62500 shares
CY2021Q4 us-gaap Share Price
SharePrice
2.36
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
3955323 USD
CY2019Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2100000 USD
CY2018Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
761401.66 USD
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2861401.66 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. 
CY2021Q4 us-gaap Area Of Land
AreaOfLand
114 acre
CY2021Q4 us-gaap Residual Value Of Leased Asset
ResidualValueOfLeasedAsset
870000 USD
CY2021Q4 sgbx Number Of Residential Units
NumberOfResidentialUnits
300 ResidentialUnits
CY2021Q4 us-gaap Net Rentable Area
NetRentableArea
680000
CY2021 sgbx Principal Amount Of Promissory Note
PrincipalAmountOfPromissoryNote
100000 USD
CY2020Q1 sgbx Originalpromissorynoteissued
Originalpromissorynoteissued
100000 USD

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