2022 Q3 Form 10-Q Financial Statement

#000121390022048180 Filed on August 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $4.130M $7.555M $8.453M
YoY Change -53.32% -36.27% 15.0%
Cost Of Revenue $4.295M $6.783M $10.28M
YoY Change -50.87% -31.09% 78.71%
Gross Profit -$165.2K $772.0K -$1.823M
YoY Change -257.2% -61.62% -213.25%
Gross Profit Margin -4.0% 10.22% -21.57%
Selling, General & Admin $1.042M $888.3K $347.5K
YoY Change -63.2% -21.59% -88.68%
% of Gross Profit 115.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $106.3K $106.2K $145.7K
YoY Change 10.17% -0.99% 61.9%
% of Gross Profit 13.75%
Operating Expenses $2.337M $2.100M $347.5K
YoY Change -17.47% 8.49% -88.68%
Operating Profit -$2.502M -$1.328M -$2.171M
YoY Change -8.23% -1848.72% 48.68%
Interest Expense $52.76K $73.13K $15.70K
YoY Change 17906.14% 22126.75% -21.5%
% of Operating Profit
Other Income/Expense, Net -$45.97K $310.3K $1.130K
YoY Change 91.13% 316.5%
Pretax Income -$2.548M -$1.018M -$2.164M
YoY Change -7.36% -776.48% 50.26%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.454M -$1.415M -$3.427M
YoY Change -35.95% -8.17% 110.22%
Net Earnings / Revenue -59.41% -18.73% -40.54%
Basic Earnings Per Share -$0.18 -$0.11
Diluted Earnings Per Share -$182.3K -$107.0K -$312.5K
COMMON SHARES
Basic Shares Outstanding 12.05M shares 13.23M shares 11.99M shares
Diluted Shares Outstanding 13.46M shares 13.23M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.118M $2.428M $13.02M
YoY Change -35.63% 4.5% 0.11%
Cash & Equivalents $2.118M $2.428M $13.02M
Short-Term Investments
Other Short-Term Assets $2.585M $4.183M $3.200M
YoY Change -87.07% -80.08% 461.4%
Inventory $895.0K $928.1K $1.274M
Prepaid Expenses
Receivables $1.713M $2.510M $2.918M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $11.87M $15.19M $17.91M
YoY Change 32.67% 66.41% -2.1%
LONG-TERM ASSETS
Property, Plant & Equipment $4.881M $4.807M $6.840M
YoY Change -29.62% -33.03% 154.94%
Goodwill $1.309M $1.309M $1.309M
YoY Change 0.0% 0.0% 0.0%
Intangibles $1.973M $2.013M $2.095M
YoY Change -7.61% -5.56%
Long-Term Investments $4.449M $4.300M $3.800M
YoY Change 28.39% 28.34%
Other Assets $81.57K $91.77K $112.2K
YoY Change -33.34% -30.77% -25.23%
Total Long-Term Assets $17.08M $16.95M $17.01M
YoY Change 6.96% 3.79% 98.16%
TOTAL ASSETS
Total Short-Term Assets $11.87M $15.19M $17.91M
Total Long-Term Assets $17.08M $16.95M $17.01M
Total Assets $28.96M $32.14M $34.92M
YoY Change 16.19% 26.25% 29.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.494M $4.463M $3.785M
YoY Change -51.04% -24.62% 25.64%
Accrued Expenses $457.8K $459.7K $318.0K
YoY Change 45.15% 10.4% 2.57%
Deferred Revenue $1.274M $1.770M $1.438M
YoY Change 8.35% 124.27% -19.0%
Short-Term Debt $0.00 $0.00 $23.73K
YoY Change -100.0%
Long-Term Debt Due $16.57K $19.79K $19.49K
YoY Change -14.37% 3.07% -2.55%
Total Short-Term Liabilities $7.749M $8.715M $11.59M
YoY Change -28.54% 15.06% 60.15%
LONG-TERM LIABILITIES
Long-Term Debt $750.0K $751.7K $761.6K
YoY Change 4426.25% 3402.7% 2438.8%
Other Long-Term Liabilities $2.195M $2.308M $860.5K
YoY Change 133.33% 126.14% -27.08%
Total Long-Term Liabilities $2.945M $3.060M $1.622M
YoY Change 207.62% 193.6% 34.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.749M $8.715M $11.59M
Total Long-Term Liabilities $2.945M $3.060M $1.622M
Total Liabilities $10.69M $11.78M $13.21M
YoY Change -9.38% 36.65% 56.42%
SHAREHOLDERS EQUITY
Retained Earnings -$37.70M -$35.24M -$33.11M
YoY Change 26.99% 36.32% 48.63%
Common Stock $120.5K $120.5K $119.9K
YoY Change 36.58% 36.58% 39.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.68K
YoY Change
Treasury Stock Shares 23.12K shares
Shareholders Equity $17.63M $19.54M $20.35M
YoY Change
Total Liabilities & Shareholders Equity $28.96M $32.14M $34.92M
YoY Change 16.19% 26.25% 29.92%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income -$2.454M -$1.415M -$3.427M
YoY Change -35.95% -8.17% 110.22%
Depreciation, Depletion And Amortization $106.3K $106.2K $145.7K
YoY Change 10.17% -0.99% 61.9%
Cash From Operating Activities -$190.6K -$8.620M $369.7K
YoY Change -169.18% -1088.42% -76.3%
INVESTING ACTIVITIES
Capital Expenditures -$244.2K -$490.3K -$648.9K
YoY Change 115.4% -87.22% -57.31%
Acquisitions
YoY Change
Other Investing Activities -$227.5K -$726.4K -$538.8K
YoY Change -411.4% -78.75% 498.67%
Cash From Investing Activities -$471.7K -$1.217M -$1.188M
YoY Change 1070.28% -83.23% -26.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 352.3K -882.0K 10.55M
YoY Change -51.86% -51.95%
NET CHANGE
Cash From Operating Activities -190.6K -8.620M 369.7K
Cash From Investing Activities -471.7K -1.217M -1.188M
Cash From Financing Activities 352.3K -882.0K 10.55M
Net Change In Cash -310.0K -10.72M 9.734M
YoY Change -132.06% 30.44% -19567.36%
FREE CASH FLOW
Cash From Operating Activities -$190.6K -$8.620M $369.7K
Capital Expenditures -$244.2K -$490.3K -$648.9K
Free Cash Flow $53.59K -$8.129M $1.019M
YoY Change -86.22% -272.69% -66.93%

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NetIncomeLoss
-3575136 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.41
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13226451 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8822278 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13110821 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
8783806 shares
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21632603 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
631076 usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
882000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-1017596 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20364083 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21715789 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1320162 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardForfeitures
usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2156000 usd
us-gaap Profit Loss
ProfitLoss
-515868 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20364083 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18283097 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
246236 usd
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
3749 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1842784 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
150425 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16840723 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18437823 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
707187 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1842784 usd
us-gaap Profit Loss
ProfitLoss
-993925 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16840723 usd
us-gaap Profit Loss
ProfitLoss
-515868 usd
us-gaap Profit Loss
ProfitLoss
-993925 usd
us-gaap Depreciation
Depreciation
210977 usd
us-gaap Depreciation
Depreciation
198398 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
82204 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
82230 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
20392 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
20392 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
21569 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7024 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
161202 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
18596 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
18596 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1280162 usd
us-gaap Share Based Compensation
ShareBasedCompensation
532422 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-241 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-400430 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
245307 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
4000000 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-41916 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
819095 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-345705 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
631771 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
276757 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-16800 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-232401 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-204840 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3040292 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1958175 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
332025 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-985672 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-264451 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-583791 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-221627 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-204246 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5362545 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1307944 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1751999 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4693008 usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
usd
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
42500 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
760 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
100000 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
707187 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
500000 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3077625 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8243216 usd
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
usd
us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
157469 usd
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
726386 usd
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
3350239 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2156000 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1842784 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2156000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1135597 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10596170 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10686757 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
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1801584 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
usd
CY2020Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
1-for-20
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
12050026 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
12050026 shares
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2428211 usd
CY2022Q2 us-gaap Other Assets Current
OtherAssetsCurrent
4183116 usd
CY2022Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4183116 usd
CY2021Q4 us-gaap Proceeds From Other Equity
ProceedsFromOtherEquity
10488000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', times; font-size: 10pt;"> <div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div> <div> <p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in;"><span style="color: black;"><span style="border-left: none; border-right: none; line-height: inherit;"><span style="border-right: none; border-left: none; line-height: inherit;"><b><i>Accounting estimates<span style="line-height: inherit;"> </span></i></b>– The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Significant areas that require the Company to make estimates include revenue recognition, stock-based compensation, stock warrants liabilities and allowance for credit losses. Actual results could differ from those estimates.</span></span></span></p> </div> </div> </div> </div> </div> </div>
sgbx No Of Operating Cycles
NoOfOperatingCycles
one year
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>
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
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.
sgbx Total Expected Gross Revenue
TotalExpectedGrossRevenue
16900000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
10200000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
15600000 usd
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
10203215 usd
sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
5956354 usd
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
15750903 usd
sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
5290711 usd
CY2022Q2 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
3317387 usd
CY2022Q2 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
4237584 usd
CY2021Q2 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
9785490 usd
CY2021Q2 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
2068497 usd
CY2022Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7554971 usd
CY2022Q2 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
11853987 usd
CY2021Q2 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16159569 usd
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21041614 usd
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2022Q2 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 usd
CY2022Q2 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 usd
CY2022Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 usd
CY2022Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
112159 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
20393 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
20392 usd
sgbx License Consideration Description
LicenseConsiderationDescription
In consideration for the License, during the initial term, the Licensee agreed to pay the Company a royalty of (x) 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”)
sgbx Minimum Royalty Payments One Year
MinimumRoyaltyPaymentsOneYear
500000 usd
sgbx Minimum Royalty Payments Two Year
MinimumRoyaltyPaymentsTwoYear
750000 usd
sgbx Minimum Royalty Payments Three Year
MinimumRoyaltyPaymentsThreeYear
1500000 usd
sgbx Minimum Royalty Payments Four Year
MinimumRoyaltyPaymentsFourYear
2000000 usd
sgbx Minimum Royalty Payments Five Year
MinimumRoyaltyPaymentsFiveYear
2500000 usd
CY2021Q2 sgbx Redemption Distributions
RedemptionDistributions
1.25 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 Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
350329 usd
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
CY2022Q2 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2022Q2 us-gaap Escrow Deposit
EscrowDeposit
2000000 usd
CY2022Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
97164 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
897937 usd
CY2021Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
732085 usd
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
40382 usd
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
41823 usd
us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
80764 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
161176 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
160469 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
157052 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
139717 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1313850 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2013028 usd
CY2021Q2 sgbx Project Development Costs
ProjectDevelopmentCosts
816410 usd
CY2021Q2 sgbx Project Development Costs Book Value
ProjectDevelopmentCostsBookValue
4392541 usd
CY2022Q2 sgbx Provision For Loss On Uncompleted Contracts
ProvisionForLossOnUncompletedContracts
usd
CY2021Q4 sgbx Provision For Loss On Uncompleted Contracts
ProvisionForLossOnUncompletedContracts
2238578 usd
CY2022Q2 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
-3969959 usd
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', times; 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 June 30, 2022 and December 31, 2021, 79% and 78%, respectively, of the Company’s gross accounts receivable were due from <span style="border-left: none; border-right: none;">two</span> and four customers. </span></p> <p style="margin: 0pt; text-indent: 36pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;"> </span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify;"><span style="font-family: 'times new roman', times; font-size: 10pt;">Revenue relating to two and one customers represented approximately 97% and 77% of the Company's total revenue for the <span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">three months ended June 30, 2022</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> and </span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">2021</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">, respectively. Revenue relating to </span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">two</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> and </span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">one</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> customers represented approximately 90</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">% and </span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">71</span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">% of the Company's total revenue for the </span></span> six months ended June 30, 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 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;">Cost of revenue relating to one and two <span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; color: black; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">vendors represented approximately </span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">12</span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">% and </span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">52</span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">% of the Company’s total cost of revenue for the </span></span><span><span style="font-size: 10.0pt; font-family: 'Times New Roman','serif'; mso-fareast-font-family: 'Times New Roman'; color: black; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">three months ended June 30, 2022</span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;"> and </span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">2021</span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">, respectively Cost of revenue relating to </span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">one</span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;"> and </span></span><span><span style="font-size: 10pt; font-family: 'Times New Roman', 'serif'; color: #000000;">three</span></span> vendors represented approximately 10% and 48% of the Company’s total cost of revenue for the six months ended June 30, 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>
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P5Y4M2D
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
36436 shares
CY2022Q2 sgbx Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableInPeriodWeightedAverageGrantDateFairValue
24.8
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
78.71
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y10M2D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2022Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2666 usd
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
usd
CY2022Q2 us-gaap Share Price
SharePrice
1.66
CY2019Q1 sgbx Number Of Consultants
NumberOfConsultants
1 consultants
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
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
425998 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
90689 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
757450 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.
CY2022Q3 us-gaap Accrued Salaries Current And Noncurrent
AccruedSalariesCurrentAndNoncurrent
500000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
2095232 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2428211 usd

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