2023 Q1 Form 10-K Financial Statement

#000121390023024927 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $5.504M $4.104M $24.39M
YoY Change -36.03% -51.45% -36.38%
Cost Of Revenue $5.573M $3.943M $21.14M
YoY Change -8.9% -61.63% -41.3%
Gross Profit -$69.47K $160.9K $3.254M
YoY Change -102.79% -108.83% 39.72%
Gross Profit Margin -1.26% 3.92% 13.34%
Selling, General & Admin $1.876M $3.970M $10.44M
YoY Change 103.19% 1042.42% 3072.12%
% of Gross Profit 2466.64% 320.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $92.19K $134.6K $410.3K
YoY Change -12.05% -7.65% 2.9%
% of Gross Profit 83.61% 12.61%
Operating Expenses $3.191M $3.980M $10.48M
YoY Change 54.32% 1045.35% 26.13%
Operating Profit -$3.260M -$3.819M -$7.230M
YoY Change -878.26% 75.92% 20.84%
Interest Expense $287.4K -$121.2K -$262.4K
YoY Change 488.29% -872.04% -568.94%
% of Operating Profit
Other Income/Expense, Net -$259.4K -$59.94K $140.7K
YoY Change -413.11% -5404.42% 88.95%
Pretax Income -$3.519M -$4.025M -$7.089M
YoY Change -801.46% 86.03% 19.99%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$3.519M -$3.733M -$8.319M
YoY Change 390.74% 8.94% -23.2%
Net Earnings / Revenue -63.94% -90.96% -34.1%
Basic Earnings Per Share -$0.25 -$0.62
Diluted Earnings Per Share -$0.25 -$0.27 -$0.62
COMMON SHARES
Basic Shares Outstanding 14.31M shares 12.05M shares 13.33M shares
Diluted Shares Outstanding 14.00M shares 13.33M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.453M $582.8K $582.8K
YoY Change -88.95% -95.53% -95.53%
Cash & Equivalents $1.453M $582.8K $582.8K
Short-Term Investments
Other Short-Term Assets $1.307M $6.811M $5.141M
YoY Change -82.79% 112.83% 683.36%
Inventory $12.99K $465.6K $465.6K
Prepaid Expenses
Receivables $1.012M $1.280M $1.317M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.045M $7.506M $7.506M
YoY Change -58.77% -58.1% -58.1%
LONG-TERM ASSETS
Property, Plant & Equipment $6.044M $5.609M $10.03M
YoY Change 48.11% -18.0% 24.6%
Goodwill $1.309M $1.309M
YoY Change 0.0% 0.0%
Intangibles $2.033M $1.998M
YoY Change -1.0% -4.65%
Long-Term Investments $4.325M $4.300M $4.300M
YoY Change 0.58% 13.16% 13.16%
Other Assets $61.18K $71.37K $71.37K
YoY Change -40.0% -36.37% -36.37%
Total Long-Term Assets $19.40M $19.05M $19.05M
YoY Change 21.02% 11.99% 11.99%
TOTAL ASSETS
Total Short-Term Assets $9.045M $7.506M $7.506M
Total Long-Term Assets $19.40M $19.05M $19.05M
Total Assets $28.44M $26.56M $26.56M
YoY Change -25.08% -23.96% -23.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.702M $3.147M $4.010M
YoY Change 4.12% -16.85% -47.03%
Accrued Expenses $415.8K $418.6K $418.6K
YoY Change -9.92% 31.65% 31.65%
Deferred Revenue $344.1K $437.3K
YoY Change -93.39% -69.58%
Short-Term Debt $5.396M $2.648M $2.648M
YoY Change 171.87% 11061.55% 34.3%
Long-Term Debt Due $696.3K $806.8K $806.8K
YoY Change 3445.47% 4039.46% 4039.46%
Total Short-Term Liabilities $12.56M $8.326M $8.326M
YoY Change -4.51% -28.14% -28.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.555M $1.671M $1.671M
YoY Change 105.46% 119.38% 119.38%
Other Long-Term Liabilities $2.005M $2.119M $2.119M
YoY Change -17.18% 146.25% 146.25%
Total Long-Term Liabilities $3.559M $3.790M $3.790M
YoY Change 12.03% 133.63% 133.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.56M $8.326M $8.326M
Total Long-Term Liabilities $3.559M $3.790M $3.790M
Total Liabilities $16.12M $12.12M $11.73M
YoY Change -1.29% -8.27% -19.48%
SHAREHOLDERS EQUITY
Retained Earnings -$44.95M -$41.43M
YoY Change 32.88% 25.13%
Common Stock $143.0K $126.1K
YoY Change 19.12% 5.23%
Preferred Stock
YoY Change
Treasury Stock (at cost) $49.68K $49.68K
YoY Change
Treasury Stock Shares 23.12K shares 23.12K shares
Shareholders Equity $12.75M $14.82M $14.82M
YoY Change
Total Liabilities & Shareholders Equity $28.44M $26.56M $26.56M
YoY Change -25.08% -23.96% -23.96%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$3.519M -$3.733M -$8.319M
YoY Change 390.74% 8.94% -23.2%
Depreciation, Depletion And Amortization $92.19K $134.6K $410.3K
YoY Change -12.05% -7.65% 2.9%
Cash From Operating Activities -$1.379M -$77.45K -$5.631M
YoY Change -142.33% -120.95% 749.57%
INVESTING ACTIVITIES
Capital Expenditures $531.1K $831.7K $2.760M
YoY Change -42.45% -228.16% -42.79%
Acquisitions
YoY Change
Other Investing Activities -$25.00K $527.7K -$1.025M
YoY Change -95.83% -197.95% -74.19%
Cash From Investing Activities -$638.3K -$303.9K -$3.853M
YoY Change -65.7% -74.41% -59.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $49.68K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $2.887M -1.154M -$2.958M
YoY Change -326.59% -110.94% -129.15%
NET CHANGE
Cash From Operating Activities -$1.379M -77.45K -$5.631M
Cash From Investing Activities -$638.3K -303.9K -$3.853M
Cash From Financing Activities $2.887M -1.154M -$2.958M
Net Change In Cash $869.7K -1.535M -$12.44M
YoY Change 612.67% -115.77% -88810.2%
FREE CASH FLOW
Cash From Operating Activities -$1.379M -$77.45K -$5.631M
Capital Expenditures $531.1K $831.7K $2.760M
Free Cash Flow -$1.910M -$909.1K -$8.391M
YoY Change -181.82% -189.25% 52.9%

Facts In Submission

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CY2021 sgbx Stock Issued During Period Issuance Of Common Stock Net Of Issuance Costs
StockIssuedDuringPeriodIssuanceOfCommonStockNetOfIssuanceCosts
10487753 usd
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3745134 usd
CY2021 us-gaap Profit Loss
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-5908372 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21715789 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21715789 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2838843 usd
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
-49680 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2976148 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-7089242 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14439562 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-7089242 usd
CY2021 us-gaap Profit Loss
ProfitLoss
-5908372 usd
CY2022 us-gaap Depreciation
Depreciation
410314 usd
CY2021 us-gaap Depreciation
Depreciation
398744 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
164092 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
165877 usd
CY2022 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
40785 usd
CY2021 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
40785 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23726 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
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CY2022 sgbx Accounts Receivable Write Offs
AccountsReceivableWriteOffs
1073531 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
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CY2021 sgbx Accounts Receivable Write Offs
AccountsReceivableWriteOffs
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CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10526 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
167202 usd
CY2022 us-gaap Gain Loss On Investments
GainLossOnInvestments
37397 usd
CY2021 us-gaap Gain Loss On Investments
GainLossOnInvestments
37500 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
2798844 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
1647391 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-25265 usd
CY2021 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-44081 usd
CY2022 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-55 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-553132 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
449240 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-5532 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-1261220 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-808265 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
495681 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
87932 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
61778 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-691227 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-473331 usd
CY2022 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
-1139 usd
CY2021 us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3519329 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3606889 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1000308 usd
CY2021 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-337161 usd
CY2022 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-264450 usd
CY2021 us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-701110 usd
CY2022 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
176340 usd
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-5000 usd
CY2022 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-414674 usd
CY2021 us-gaap Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
-472492 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5630614 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-662759 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2760032 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4824756 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
67832 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
42500 usd
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
760 usd
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
225000 usd
CY2022 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
100000 usd
CY2021 us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
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CY2022 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
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CY2021 us-gaap Payments For Previous Acquisition
PaymentsForPreviousAcquisition
194969 usd
CY2022 sgbx Payments For Project Development Costs
PaymentsForProjectDevelopmentCosts
426194 usd
CY2021 sgbx Payments For Project Development Costs
PaymentsForProjectDevelopmentCosts
630470 usd
CY2022 sgbx Payment On Security Deposit
PaymentOnSecurityDeposit
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CY2021 sgbx Payment On Security Deposit
PaymentOnSecurityDeposit
203562 usd
CY2022 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
500000 usd
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
200000 usd
CY2022 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
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CY2021 us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
3600000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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-3853298 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-9471257 usd
CY2021 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
10487753 usd
CY2022 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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CY2021 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
707188 usd
CY2022 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
500000 usd
CY2021 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
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CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
51766 usd
CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
750000 usd
CY2022 sgbx Finance Lease Payments
FinanceLeasePayments
431865 usd
CY2021 sgbx Finance Lease Payments
FinanceLeasePayments
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CY2022 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2976148 usd
CY2021 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3745134 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
49680 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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-2957693 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10148041 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12441605 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14025 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582776 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13024381 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
271744 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
562 usd
CY2022 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3902175 usd
CY2021 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
582776 usd
CY2022Q4 us-gaap Other Assets Current
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6810672 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
6810762 usd
CY2022 sgbx Working Capital
WorkingCapital
-820000 usd
CY2022Q4 sgbx Net Contract Liabilities On Uncompleted Contracts
NetContractLiabilitiesOnUncompletedContracts
-400887 usd
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 usd
CY2022 sgbx Accumulated Amortization Related To Deferred Costs
AccumulatedAmortizationRelatedToDeferredCosts
132552 usd
CY2022 sgbx Deferred Contract Costs Amortization Expense
DeferredContractCostsAmortizationExpense
40785 usd
CY2021 sgbx Deferred Contract Costs Amortization Expense
DeferredContractCostsAmortizationExpense
40785 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', times; font-size: 10pt;"><div><div style="border-left: none; border-right: none;"><div style="border-left: none; border-right: none;"><div><div><p style="color: #000000; font: 10pt 'Times New Roman', Times, serif; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt 0px 0pt 0.5in;"><span style="font-family: 'times new roman', times; line-height: inherit;"><span style="color: black;"><b><i>Accounting estimates<span style="line-height: inherit;"> </span></i></b>– The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates, judgements and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period, together with amounts disclosed in the related notes to the financial statements. The Company's estimates used in these financial statements include, but are not limited to, revenue recognition, <span style="color: #000000; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">stock-based compensation, accounts receivable reserves, inventory valuations, goodwill, the valuation allowance related to the Company’s deferred tax assets, the carrying amount of intangible assets, right of use assets and the recoverability and useful lives of long-lived assets. Certain of the Company’s estimates could be affected by external conditions, including those unique to the Company and general economic conditions. It is reasonably possible that these external factors could have an effect on the Company’s estimates and could cause actual results to differ from those estimates.</span>   </span></span></p></div></div></div></div></div></div>
CY2022 sgbx Warranty Offered On Completed Contracts
WarrantyOfferedOnCompletedContracts
P1Y
CY2022 sgbx Term Of Agreement
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
CY2022 sgbx Gross Revenue Expected
GrossRevenueExpected
0 usd
CY2022 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
11600000 usd
CY2021 us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
31400000 usd
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2022 sgbx Revenue At Point In Time
RevenueAtPointInTime
11641727 usd
CY2022 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
12752219 usd
CY2021 sgbx Revenue At Point In Time
RevenueAtPointInTime
31548012 usd
CY2021 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
6793690 usd
CY2022 sgbx Total Construction Revenue Segment
TotalConstructionRevenueSegment
12752219 usd
CY2022Q4 sgbx Total Construction Revenue Segment Percentage
TotalConstructionRevenueSegmentPercentage
0.52 pure
CY2021 sgbx Total Construction Revenue Segment
TotalConstructionRevenueSegment
6793690 usd
CY2021Q4 sgbx Total Construction Revenue Segment Percentage
TotalConstructionRevenueSegmentPercentage
0.18 pure
CY2022 sgbx Total Medical Revenue Segment
TotalMedicalRevenueSegment
11641727 usd
CY2022Q4 sgbx Total Medical Revenue Segment Percentage
TotalMedicalRevenueSegmentPercentage
0.48 pure
CY2021 sgbx Total Medical Revenue Segment
TotalMedicalRevenueSegment
31548012 usd
CY2021Q4 sgbx Total Medical Revenue Segment Percentage
TotalMedicalRevenueSegmentPercentage
0.82 pure
CY2022 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax
RevenueFromContractWithSegmentsCustomerExcludingAssessedTax
24393946 usd
CY2022 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax Percentage
RevenueFromContractWithSegmentsCustomerExcludingAssessedTaxPercentage
1 pure
CY2021 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax
RevenueFromContractWithSegmentsCustomerExcludingAssessedTax
38341702 usd
CY2021 sgbx Revenue From Contract With Segments Customer Excluding Assessed Tax Percentage
RevenueFromContractWithSegmentsCustomerExcludingAssessedTaxPercentage
1 pure
CY2022Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
306143 usd
CY2022Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 usd
CY2022 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”), subject to the following minimum royalty payments determined on a cumulative basis during the initial term: $500,000 in year 1, $750,000 in year 2, $1,500,000 in year 3, $2,000,000 in year 4, and $2,500,000 in year 5.
CY2022 sgbx Redemption Distributions
RedemptionDistributions
1250000 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
CY2022 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
350329 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
582776 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13024381 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2021Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2022 us-gaap Bankruptcy Proceedings Description Of Proceedings
BankruptcyProceedingsDescriptionOfProceedings
Intangible assets consist of $2,766,000 of proprietary knowledge and technology, which is being amortized over 20 years. In addition, included in intangible assets is $97,164 of trademarks, and $115,632 of website costs that are being amortized over 5 years.
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
980963 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
164092 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
815732 usd
CY2021 us-gaap Adjustment For Amortization
AdjustmentForAmortization
165877 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
174741 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
174035 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
170618 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
153283 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
149605 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1175551 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1997833 usd
CY2021Q2 sgbx Project Development Costs
ProjectDevelopmentCosts
820696 usd
CY2021Q2 sgbx Project Development Costs Book Value
ProjectDevelopmentCostsBookValue
4396826 usd
CY2021Q4 sgbx Net Contract Liabilities On Uncompleted Contracts
NetContractLiabilitiesOnUncompletedContracts
-1395663 usd
CY2022 sgbx Legal Settlement Income Included In Other Income
LegalSettlementIncomeIncludedInOtherIncome
150000 usd
CY2022 sgbx Accounts Receivable From Lawsuit Settlement Written Off
AccountsReceivableFromLawsuitSettlementWrittenOff
100000 usd
CY2022 sgbx Accounts Payable Write Off
AccountsPayableWriteOff
178000 usd
CY2022 sgbx Accounts Payable Balance Settlement
AccountsPayableBalanceSettlement
390000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Concentrations of credit risk </span><span style="font-family: 'Times New Roman'; font-size: 10pt; font-style: italic; line-height: inherit;">–</span><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> Financial instruments, that potentially subject the Company to concentration of credit risk, consist principally of cash and cash equivalents. The Company places its cash with high credit quality institutions. At times, such amounts may be in excess of the FDIC insurance limits. The Company has not experienced any losses in such account and believes that it is not exposed to any significant credit risk on the account.</span></p><p style="margin: 0pt 0pt 0pt 36pt; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p><p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="font-family: 'times new roman', times; line-height: inherit;">With respect to receivables, concentrations of credit risk are limited to a few customers in the construction industry. The Company performs ongoing credit evaluations of its customers’ financial condition and, generally, requires no collateral from its customers other than normal lien rights. At December 31, 2022 and </span>2021<span style="font-family: 'times new roman', times; line-height: inherit;">, </span>80<span style="font-family: 'times new roman', times; line-height: inherit;">% and </span>78<span style="font-family: 'times new roman', times; line-height: inherit;">%, respectively, of the Company’s gross accounts receivable were due from </span>three<span style="font-family: 'times new roman', times; line-height: inherit;"> and four customers</span>.</span></p><p style="margin: 0pt; text-indent: 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p><p style="margin: 0pt 0pt 0pt 36pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">Revenue in excess of<span style="line-height: inherit;"> </span></span>10<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% relating to<span style="line-height: inherit;"> </span></span>three<span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> and<span style="line-height: inherit;"> one</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span style="line-height: inherit;"> </span>customers represented approximately<span style="line-height: inherit;">65</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% and<span style="line-height: inherit;">80</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">% of the Company's total revenue for the year ended December 31, 2022 and 2021, respectively. </span></span></p><p style="margin: 0pt 0pt 0pt 36pt;"><br/></p><p style="margin: 0pt 0pt 0pt 36pt;"><span style="background-color: #ffffff; line-height: inherit;"><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; background-color: #ffffff; line-height: inherit;">For the year ending December 31, 2022 and 2021, there were no vendors that represented 10% or more of our cost of revenue.</span></span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"> </span><span style="color: #000000; font-family: 'times new roman', times; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">The Company believes it has access to alternative suppliers, with limited disruption to the business, should circumstances change with its existing suppliers.</span></p>
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CY2021Q4 us-gaap Accounts Receivable Net Current
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two contracts entered into during the third quarter of 2020 in the amount of approximately $4 million and approximately $2.95 million
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CY2017Q3 sgbx Warrants To Purchase Of Common Stock
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CY2020Q2 us-gaap Stock Issued During Period Shares New Issues
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CY2021Q4 sgbx Gross Proceeds
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CY2019Q1 sgbx Number Of Consultants
NumberOfConsultants
1 consultants
CY2022 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.
CY2021Q4 sgbx Description Of Purchase Agreement
DescriptionOfPurchaseAgreement
Pursuant to the terms of the Purchase Agreement, the Company issued to the investor (A) in a registered direct offering (i) 975,000 shares (the “Public Shares”) of its Common Stock, par value $0.01 per share (the “Common Stock”), and (ii) pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 2,189,384 shares (the “Pre-Funded Warrant Shares”) of Common Stock and (B) in a concurrent private placement, Series A warrants to purchase up to 1,898,630 shares (the “Common Stock Warrant Shares”) of Common Stock (the “Common Stock Warrants,” and together with the Public Shares and the Pre-Funded Warrants, the “Securities”) (the “Offering The Pre-Funded Warrants were immediately exercisable at a nominal exercise price of $0.001 and all Pre-Funded Warrants sold have been exercised. The Common Stock Warrants have an exercise price of $4.80 per share, are exercisable upon issuance and will expire five years from the date of issuance. A.G.P./Alliance Global Partners (the “Placement Agent”) acted as the exclusive placement agent for the transaction pursuant to that certain Placement Agency Agreement, dated as of October 25, 2021, by and between the Company and the Placement Agent (the “Placement Agency Agreement”), the Placement Agent received (i) a cash fee equal to seven percent (7.0%) of the gross proceeds from the placement of the Securities sold by the Placement Agent in the Offering and (ii) a non-accountable expense allowance of one half of one percent (0.5%) of the gross proceeds from the placement of the Gross Proceeds Securities sold by the Placement Agent in the Offering. The Company also reimbursed the Placement Agent’s expenses up to $50,000 upon closing the Offering.
CY2021Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
10500000 usd
CY2019Q2 us-gaap Common Stock Shares Authorized
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300000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
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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 us-gaap Debt Instrument Maturity Date
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2023-06-21
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-10-29
CY2019Q3 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-08-29
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
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
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CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2022 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2021 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
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CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
CY2021 sgbx Allocated Share Based Compensation Expense Accrued
AllocatedShareBasedCompensationExpenseAccrued
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CY2022Q4 us-gaap Share Price
SharePrice
1.28
CY2019Q1 sgbx Number Of Employees
NumberOfEmployees
6 employee
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
CY2022 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
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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1686599 usd
CY2019Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2100000 usd
CY2018Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
761401.66 usd
CY2020Q1 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
2861401.66 usd

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