2022 Q1 Form 10-Q Financial Statement

#000121390022029275 Filed on May 24, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q1
Revenue $8.605M $8.453M $9.188M
YoY Change -6.35% 15.0% 4522.57%
Cost Of Revenue $6.118M $10.28M $8.631M
YoY Change -29.11% 78.71% 5549.49%
Gross Profit $2.486M -$1.823M $556.6K
YoY Change 346.7% -213.25% 1110.55%
Gross Profit Margin 28.9% -21.57% 6.06%
Selling, General & Admin $923.4K $347.5K $880.4K
YoY Change 4.88% -88.68% 10.05%
% of Gross Profit 37.14% 158.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.8K $145.7K $91.19K
YoY Change 14.95% 61.9% 9769.05%
% of Gross Profit 4.22% 16.38%
Operating Expenses $2.068M $347.5K $1.718M
YoY Change 20.34% -88.68% 115.99%
Operating Profit $418.9K -$2.171M -$1.161M
YoY Change -136.07% 48.68% 54.97%
Interest Expense $48.85K $15.70K $363.00
YoY Change 13357.02% -21.5% -87.09%
% of Operating Profit 11.66%
Other Income/Expense, Net $82.84K $1.130K $17.11K
YoY Change 384.22% 733.67%
Pretax Income $501.7K -$2.164M -$1.144M
YoY Change -143.84% 50.26% 53.11%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$717.2K -$3.427M -$2.034M
YoY Change -64.74% 110.22% 172.12%
Net Earnings / Revenue -8.33% -40.54% -22.14%
Basic Earnings Per Share -$0.06
Diluted Earnings Per Share -$59.77K -$312.5K -$232.3K
COMMON SHARES
Basic Shares Outstanding 12.00M shares 11.99M shares
Diluted Shares Outstanding 12.00M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.15M $13.02M $10.54M
YoY Change 24.73% 0.11% 2535.0%
Cash & Equivalents $13.15M $13.02M $10.54M
Short-Term Investments
Other Short-Term Assets $7.592M $3.200M $22.90M
YoY Change -66.85% 461.4% 30.86%
Inventory $1.054M $1.274M $934.1K
Prepaid Expenses
Receivables $2.425M $2.918M $3.217M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $21.94M $17.91M $17.84M
YoY Change 22.93% -2.1% 980.49%
LONG-TERM ASSETS
Property, Plant & Equipment $4.081M $6.840M $3.454M
YoY Change 18.15% 154.94% 31812.72%
Goodwill $1.309M $1.309M $1.309M
YoY Change 0.0% 0.0% 7.01%
Intangibles $2.053M $2.095M $2.221M
YoY Change -7.53% -5.56% -1.85%
Long-Term Investments $4.300M $3.800M
YoY Change
Other Assets $102.0K $112.2K $140.0K
YoY Change -27.17% -25.23% -22.22%
Total Long-Term Assets $16.03M $17.01M $9.404M
YoY Change 70.43% 98.16% 130.2%
TOTAL ASSETS
Total Short-Term Assets $21.94M $17.91M $17.84M
Total Long-Term Assets $16.03M $17.01M $9.404M
Total Assets $37.96M $34.92M $27.25M
YoY Change 39.32% 29.92% 374.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.476M $3.785M $6.020M
YoY Change -9.04% 25.64% 244.0%
Accrued Expenses $461.6K $318.0K $410.0K
YoY Change 12.58% 2.57%
Deferred Revenue $5.206M $1.438M $1.133M
YoY Change 359.33% -19.0% 726.0%
Short-Term Debt $1.985M $23.73K $0.00
YoY Change
Long-Term Debt Due $19.64K $19.49K $20.00K
YoY Change -1.8% -2.55%
Total Short-Term Liabilities $13.15M $11.59M $7.813M
YoY Change 68.36% 60.15% 314.38%
LONG-TERM LIABILITIES
Long-Term Debt $756.7K $761.6K $30.00K
YoY Change 2422.27% 2438.8% -85.0%
Other Long-Term Liabilities $2.420M $860.5K $1.130M
YoY Change 114.19% -27.08%
Total Long-Term Liabilities $3.177M $1.622M $1.160M
YoY Change 173.89% 34.06% 480.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.15M $11.59M $7.813M
Total Long-Term Liabilities $3.177M $1.622M $1.160M
Total Liabilities $16.33M $13.21M $8.965M
YoY Change 82.16% 56.42% 329.9%
SHAREHOLDERS EQUITY
Retained Earnings -$33.83M -$33.11M -$24.31M
YoY Change 39.14% 48.63% 32.62%
Common Stock $120.1K $119.9K $88.21K
YoY Change 36.11% 39.44% 653.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $20.32M $20.35M $17.21M
YoY Change
Total Liabilities & Shareholders Equity $37.96M $34.92M $27.25M
YoY Change 39.32% 29.92% 374.98%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$717.2K -$3.427M -$2.034M
YoY Change -64.74% 110.22% 172.12%
Depreciation, Depletion And Amortization $104.8K $145.7K $91.19K
YoY Change 14.95% 61.9% 9769.05%
Cash From Operating Activities $3.257M $369.7K -$2.183M
YoY Change -249.19% -76.3% 112.61%
INVESTING ACTIVITIES
Capital Expenditures $922.9K -$648.9K $862.1K
YoY Change 7.05% -57.31%
Acquisitions
YoY Change
Other Investing Activities -$599.2K -$538.8K -$90.00K
YoY Change 565.82% 498.67% -77.5%
Cash From Investing Activities -$1.861M -$1.188M -$990.4K
YoY Change 87.91% -26.23% 147.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.274M 10.55M $703.4K
YoY Change -281.11% 251.93%
NET CHANGE
Cash From Operating Activities $3.257M 369.7K -$2.183M
Cash From Investing Activities -$1.861M -1.188M -$990.4K
Cash From Financing Activities -$1.274M 10.55M $703.4K
Net Change In Cash $122.0K 9.734M -$2.470M
YoY Change -104.94% -19567.36% 101.32%
FREE CASH FLOW
Cash From Operating Activities $3.257M $369.7K -$2.183M
Capital Expenditures $922.9K -$648.9K $862.1K
Free Cash Flow $2.334M $1.019M -$3.045M
YoY Change -176.65% -66.93% 196.57%

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CY2021Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
USD
CY2022Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-486117 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
581299 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
91479 USD
CY2022Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-219483 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
155935 USD
CY2021Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
679540 USD
CY2022Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-109308 USD
CY2021Q1 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-97846 USD
CY2022Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2052971 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2062776 USD
CY2022Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
3768133 USD
CY2021Q1 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-641412 USD
CY2022Q1 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-264451 USD
CY2021Q1 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-863151 USD
CY2022Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-102829 USD
CY2021Q1 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-97342 USD
CY2022Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3257027 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2183116 USD
CY2022Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
922865 USD
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
862090 USD
CY2022Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2021Q1 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
42500 USD
CY2022Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
760 USD
CY2021Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2022Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
100000 USD
CY2021Q1 us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
USD
CY2022Q1 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
USD
CY2021Q1 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
85798 USD
CY2022Q1 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
338885 USD
CY2021Q1 us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
USD
CY2022Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
500000 USD
CY2021Q1 us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
USD
CY2022Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1860990 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-990388 USD
CY2022Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1274000 USD
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
122037 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-2470066 USD
CY2021Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
USD
CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1274000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
703438 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
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13146418 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10540290 USD
CY2022Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
USD
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
703438 USD
CY2020Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12006873 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12006873 shares
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13146418 USD
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
7591863 USD
CY2021Q4 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
10488000 USD
CY2022Q1 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-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in;"><span style="color: black;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><b><i>Accounting estimates<span style="line-height: inherit;"> </span></i></b>– The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Significant areas that require the Company to make estimates include revenue recognition, stock-based compensation, stock warrants liabilities and allowance for credit losses. Actual results could differ from those estimates.</span></span></span></p> </div> </div> </div> </div> </div> </div>
CY2022Q1 sgbx No Of Operating Cycles
NoOfOperatingCycles
one year
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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 style="border-right: none; border-left: none;"> <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> <p style="margin: 0pt 0pt 0pt 36pt; line-height: normal; font-size: 11pt; font-family: Calibri, 'sans-serif'; text-indent: 0pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"><b><i><span>Reclassification – </span></i></b></span><span style="font-size: 9.0pt; font-family: 'Times New Roman','serif';"><span style="font-family: 'times new roman', times; font-size: 10pt;">Certain prior year balances were reclassed to conform to current period presentation.<span style="mso-spacerun: yes;"> </span>There was no impact to income (loss) or cash flows as a result of these reclassifications</span>.<span style="mso-spacerun: yes;"> </span></span><span style="font-family: 'Times New Roman', 'serif'; font-size: 9pt; text-indent: 0pt;">   </span></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>
CY2022Q1 sgbx Termofagreement
Termofagreement
P2Y
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
CY2021Q1 sgbx Common Stock Vest And Be Issued Shares
CommonStockVestAndBeIssuedShares
1250 shares
CY2021Q3 sgbx Common Stock Remaining Vest And Be Issued Shares
CommonStockRemainingVestAndBeIssuedShares
1250 shares
CY2022Q1 us-gaap Restricted Cash And Cash Equivalent Item Description
RestrictedCashAndCashEquivalentItemDescription
the event that the Agreement was earlier terminated, CMC was entitled to receive the entire amount of such restricted stock that had vested as of such earlier termination date, but in no event less than 1,250 shares of such restricted stock. The Agreement also provided 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.
CY2022Q1 sgbx Total Expected Gross Revenue
TotalExpectedGrossRevenue
16900000 USD
CY2022Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
6885828 USD
CY2021Q1 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
5863358 USD
CY2022Q1 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
6885828 USD
CY2022Q1 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
1718770 USD
CY2021Q1 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
5965413 USD
CY2021Q1 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
3222214 USD
CY2022Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8604598 USD
CY2022Q1 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
9187627 USD
CY2021Q1 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2022Q1 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 USD
CY2022Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 USD
CY2022Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 USD
CY2022Q1 sgbx Amortization Period Of Deferred Contract Costs
AmortizationPeriodOfDeferredContractCosts
P60M
CY2022Q1 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
101963 USD
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
10196 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
10196 USD
CY2022Q1 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 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”)
CY2022Q1 sgbx Minimum Royalty Payments One Year
MinimumRoyaltyPaymentsOneYear
500000 USD
CY2022Q1 sgbx Minimum Royalty Payments Two Year
MinimumRoyaltyPaymentsTwoYear
750000 USD
CY2022Q1 sgbx Minimum Royalty Payments Three Year
MinimumRoyaltyPaymentsThreeYear
1500000 USD
CY2022Q1 sgbx Minimum Royalty Payments Five Year
MinimumRoyaltyPaymentsFiveYear
2500000 USD
CY2021Q2 sgbx Redemption Distributions
RedemptionDistributions
1.25 USD
CY2022Q1 sgbx Minimum Royalty Payments Four Year
MinimumRoyaltyPaymentsFourYear
2000000 USD
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
200000 shares
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
502958 USD
CY2021 us-gaap Other Income
OtherIncome
60000 USD
CY2021Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
600000 USD
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50 pure
CY2021Q2 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
350329 USD
CY2021Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.10 pure
CY2021Q2 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
3000000 USD
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13024381 USD
CY2021Q1 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2022Q1 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
160469 USD
CY2022Q1 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
97164 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
857554 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
690262 USD
CY2022Q1 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
121147 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
161176 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
157052 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
139716 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1313850 USD
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2053410 USD
CY2021Q2 sgbx Project Development Costs
ProjectDevelopmentCosts
816410 USD
CY2021Q2 sgbx Project Development Costs Book Value
ProjectDevelopmentCostsBookValue
4392541 USD
CY2022Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><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; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><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 March 31, 2022 and December 31, 2021, 75% and 78%, respectively, of the Company’s gross accounts receivable were due from <span>two</span> and four customers. </span></p> <p style="margin: 0pt; text-indent: 36pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;">Revenue relating to two and two customers represented approximately 90% and 80% of the Company's total revenue for the three months ended March 31, 2022 and 2021, respectively. </span></p> <p style="margin: 0pt; text-indent: 36pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><span>Cost of revenue relating to two and two vendors represented approximately 28% and 28% of the Company’s total cost of revenue for the three months ended March 31, 2022 and 2021, respectively. </span><span style="color: #000000; font-family: 'times new roman', times; 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;">The Company believes it has access to alternative suppliers, with limited disruption to the business, should circumstances change with its existing suppliers.</span></span></p>
CY2022Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3387617 USD
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
3880762 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
963116 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
963116 USD
CY2022Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2424501 USD
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
2917646 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
963116 USD
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
963116 USD
CY2022Q1 sgbx Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
7004438 USD
CY2021Q4 sgbx Costs Incurred On Uncompleted Contracts
CostsIncurredOnUncompletedContracts
4272425 USD
CY2022Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7024 USD
CY2022Q1 sgbx Provision For Loss On Uncompleted Contracts
ProvisionForLossOnUncompletedContracts
391703 USD
CY2021Q4 sgbx Provision For Loss On Uncompleted Contracts
ProvisionForLossOnUncompletedContracts
2238578 USD
CY2022Q1 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
-3731057 USD
CY2021Q4 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
-3156377 USD
CY2022Q1 sgbx Contract Assets Gross
ContractAssetsGross
3665084 USD
CY2022Q1 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
8737401 USD
CY2021Q4 sgbx Costs In Excess Of Billings To Date
CostsInExcessOfBillingsToDate
4750289 USD
CY2022Q1 sgbx Netcontractliabilitiesonuncompletedcontracts
Netcontractliabilitiesonuncompletedcontracts
-5072317 USD
CY2021Q4 sgbx Netcontractliabilitiesonuncompletedcontracts
Netcontractliabilitiesonuncompletedcontracts
-1395663 USD
CY2022Q1 sgbx Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
133395 USD
CY2021Q4 sgbx Contract With Customer Assets Net Current
ContractWithCustomerAssetsNetCurrent
41916 USD
CY2022Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
5205712 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1437579 USD
CY2022Q1 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-5072317 USD
CY2021Q4 sgbx Contract With Customer Asset Liability
ContractWithCustomerAssetLiability
-1395663 USD
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4594437 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
7249222 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
409279 USD
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4080852 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6839943 USD
CY2022Q1 us-gaap Depreciation
Depreciation
104825 USD
CY2021Q3 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2000000 USD
CY2021Q3 us-gaap Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
1948234 USD
CY2021Q3 us-gaap Debt Instrument Term
DebtInstrumentTerm
P1Y
CY2021Q3 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.12 pure
CY2021Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.005 pure
CY2022Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
20000 USD
CY2021Q3 sgbx Number Of Large Contracts Cancelled Partially
NumberOfLargeContractsCancelledPartially
1 Number
CY2021Q3 sgbx Cancellation Of Construction Backlog Contract Amountbacklogcontract
CancellationOfConstructionBacklogContractAmountbacklogcontract
1300000 USD
CY2021Q4 sgbx Number Of Large Contracts
NumberOfLargeContracts
1 Number
CY2021Q4 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
780000 USD
CY2021Q4 sgbx Number Of Large Contracts Cancelled Partially
NumberOfLargeContractsCancelledPartially
1 Number
CY2021Q4 sgbx Cancellation Of Construction Backlog Contract Amountbacklogcontract
CancellationOfConstructionBacklogContractAmountbacklogcontract
16900000 USD
CY2022Q1 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
5954950 USD
CY2022Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
7591863 USD
CY2022Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4314 USD
CY2021 sgbx Short Term Debt Interest Charges
ShortTermDebtInterestCharges
112348 USD
CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
23727 USD
CY2021Q4 sgbx Value Of Renovation Improvements
ValueOfRenovationImprovements
750000 USD
CY2021Q4 sgbx Principal Amount Of Promissory Note
PrincipalAmountOfPromissoryNote
750000 USD
CY2022Q1 sgbx Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
2874936 USD
CY2022Q1 sgbx Operating Lease Liabilities Current
OperatingLeaseLiabilitiesCurrent
461584 USD
CY2022Q1 sgbx Operating Lease Liabilities Noncurrent
OperatingLeaseLiabilitiesNoncurrent
2420401 USD
CY2022Q1 sgbx Totaloperatingleaseliabilities
Totaloperatingleaseliabilities
-2881985 USD
CY2022Q1 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
27348 USD
CY2022Q1 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
19639 USD
CY2022Q1 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6679 USD
CY2022Q1 sgbx Totalfinanceleaseliabilities
Totalfinanceleaseliabilities
-26318 USD
CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y4M24D
CY2022Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M9D
CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.03 pure
CY2022Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.03 pure
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
405825 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
15120 USD
CY2022Q1 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
420945 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
525718 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
11760 USD
CY2022Q1 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
537478 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
523722 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
USD
CY2022Q1 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
523722 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
446349 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
USD
CY2022Q1 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
446349 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
207379 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
USD
CY2022Q1 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
207379 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1119904 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
USD
CY2022Q1 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
1119904 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3228897 USD
CY2022Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
26880 USD
CY2022Q1 us-gaap Other Commitment
OtherCommitment
3255777 USD
CY2022Q1 sgbx Total Operating Imputed Interest
TotalOperatingImputedInterest
346912 USD
CY2022Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
562 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
347474 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
2881985 USD
CY2022Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
26318 USD
CY2022Q1 sgbx Presentvalueofleaseliabilities
Presentvalueofleaseliabilities
2908303 USD
CY2022Q1 sgbx Sublease Term
SubleaseTerm
P1Y
CY2021Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
3217909 USD
CY2020Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
25117461 USD
CY2022Q1 sgbx New Contracts Received During Year
NewContractsReceivedDuringYear
6092724 USD
CY2021 sgbx New Contracts Received During Year
NewContractsReceivedDuringYear
3191335 USD
CY2021 sgbx Adjustments And Cancellations Net
AdjustmentsAndCancellationsNet
18297197 USD
CY2022Q1 sgbx Construction Backlog Gross
ConstructionBacklogGross
9310633 USD
CY2021 sgbx Construction Backlog Gross
ConstructionBacklogGross
10011599 USD
CY2022Q1 sgbx Contract Revenue
ContractRevenue
-1718770 USD
CY2021 sgbx Contract Revenue
ContractRevenue
6793690 USD
CY2022Q1 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
7591863 USD
CY2021Q4 sgbx Construction Contracts Backlog
ConstructionContractsBacklog
3217909 USD
CY2021 sgbx Contract Backlog Description
ContractBacklogDescription
two contracts entered into during the third quarter of 2020 in the amount of approximately $4 million and approximately $2.95 million
CY2021Q1 sgbx Number Of Large Contracts
NumberOfLargeContracts
1 Number
CY2021Q1 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
1300000 USD
CY2021Q3 sgbx Number Of Large Contracts
NumberOfLargeContracts
1 Number
CY2021Q3 sgbx Construction Backlog Contract Revenue
ConstructionBacklogContractRevenue
870000 USD
CY2021Q4 sgbx Gross Proceeds
GrossProceeds
11550000 USD
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
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
StockIssuedDuringPeriodSharesNewIssues
45000 shares
CY2019Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
17
CY2017Q2 sgbx Warrants To Purchase
WarrantsToPurchase
4313 shares
CY2017Q2 us-gaap Share Price
SharePrice
125
CY2017Q2 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2023-06-21
CY2017Q2 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
63796 USD
CY2020Q2 sgbx Warrants To Purchase
WarrantsToPurchase
300000 shares
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
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2016Q4 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
25000 shares
CY2016Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
3625000 shares
CY2022Q1 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
1343377 shares
CY2022Q1 sgbx Stock Based Compensation Expens Total
StockBasedCompensationExpensTotal
649090 USD
CY2021Q1 sgbx Stock Based Compensation Expens Total
StockBasedCompensationExpensTotal
286186 USD
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36436 shares
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 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y4M2D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
USD
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2022Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2022Q1 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedWeightedAverageGrantDateFairValue
CY2022Q1 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Weighted Average Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodWeightedAverageFairValue
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
CY2022Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
36436 shares
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
24.8
CY2022Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
78.71
CY2022Q1 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P5Y1M2D
CY2022Q1 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value One
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValueOne
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
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
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36436 shares
CY2022Q1 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
24.8
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
78.71
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y1M2D
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
USD
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
USD
CY2022Q1 us-gaap Share Price
SharePrice
1.95
CY2019Q1 sgbx Number Of Consultants
NumberOfConsultants
1 Consultants
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
Restricted stock units granted to Mr. Galvin, Mr. Armstrong, Mr. Shetty, and an aggregate of six employees and one consultant of 6,139, 772, 5,729 and an aggregate of 3,063, respectively, vest in installments over either a one-year, two-year, three-year and four-year period and will fully vest by the end of December 31, 2022. The fair value of these units upon issuance amounted to $847,957.
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
a 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 as adjusted for stock splits.
CY2019Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Description And Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationDescriptionAndTerms
a 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 as adjusted for stock splits.
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 Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.4
CY2022Q1 sgbx Options Vested Description
OptionsVestedDescription
the Company’s common stock for the ten trading days immediately preceding and including the grant date. Restricted stock units granted to directors on June 5, 2019 vest on the earlier of (A) the first anniversary of the date of the grant or (B) the date of the annual meeting of the Company’s stockholders that occurs in the year immediately following the date of the grant; and are payable six months after the termination of the director from the Board or death or disability.
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
425000 shares
CY2020Q3 sgbx Number Of Consultants
NumberOfConsultants
1 Consultants
CY2020Q3 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
1.81
CY2020Q3 sgbx Options Vested Description
OptionsVestedDescription
the Company's common stock on September 23, 2020. Restricted stock units granted to Mr. Armstrong, Mr. Sheeran, and an aggregate of seven employees and one consultant of 50,000, 75,000 and an aggregate of 300,000, respectively, and 1/3 will vest on September 23, 2020, 1/3 on the one year anniversary of the grant date and 1/3 on the two year anniversary of the grant date. The fair value of these units upon issuance amounted to $769,250.
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
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1274137 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
212999 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
17500 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
1043638 shares
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
CY2019Q2 sgbx Unpaid Wages
UnpaidWages
30428.71 USD
CY2021Q3 sgbx Recovery Of Damages Sought
RecoveryOfDamagesSought
67125.83 USD
CY2020Q1 sgbx Unpaid Wages
UnpaidWages
372638 USD
CY2020Q1 sgbx Severance Amount
SeveranceAmount
300000 USD
CY2020Q2 sgbx Severance Amount
SeveranceAmount
300000 USD
CY2021Q2 us-gaap Unrecorded Unconditional Purchase Obligation Period Quantity Purchased
UnrecordedUnconditionalPurchaseObligationPeriodQuantityPurchased
2000000 shares
CY2021Q2 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.

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