2023 Q4 Form 10-Q Financial Statement

#000121390023087127 Filed on November 14, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $1.957M $3.965M $4.130M
YoY Change -52.32% -3.99% -53.32%
Cost Of Revenue $3.941M $4.501M $4.295M
YoY Change -0.05% 4.79% -50.87%
Gross Profit -$1.984M -$536.0K -$165.2K
YoY Change -1333.13% 224.53% -257.2%
Gross Profit Margin -101.42% -13.52% -4.0%
Selling, General & Admin $4.955M $1.619M $1.042M
YoY Change 24.84% 55.37% -63.2%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $140.1K $92.98K $106.3K
YoY Change 4.1% -12.5% 10.17%
% of Gross Profit
Operating Expenses $4.966M $2.439M $2.337M
YoY Change 24.77% 4.37% -17.47%
Operating Profit -$6.950M -$2.975M -$2.502M
YoY Change 82.0% 18.9% -8.23%
Interest Expense -$1.081M $738.6K $52.76K
YoY Change 791.49% 1300.07% 17906.14%
% of Operating Profit
Other Income/Expense, Net -$67.63K -$633.0K -$45.97K
YoY Change 12.83% 1277.17% 91.13%
Pretax Income -$14.07M -$3.608M -$2.548M
YoY Change 249.67% 41.6% -7.36%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$13.60M -$3.608M -$2.454M
YoY Change 264.31% 47.06% -35.95%
Net Earnings / Revenue -695.01% -90.99% -59.41%
Basic Earnings Per Share -$0.22 -$0.18
Diluted Earnings Per Share -$15.55 -$0.22 -$182.3K
COMMON SHARES
Basic Shares Outstanding 16.48M shares 16.02M shares 12.05M shares
Diluted Shares Outstanding 16.06M shares 13.46M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.45K $712.9K $2.118M
YoY Change -97.01% -66.34% -35.63%
Cash & Equivalents $17.45K $712.9K $2.118M
Short-Term Investments
Other Short-Term Assets $1.902M $4.001M $2.585M
YoY Change -72.07% 54.77% -87.07%
Inventory $156.5K $402.2K $895.0K
Prepaid Expenses
Receivables $182.8K $741.3K $1.713M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.341M $7.102M $11.87M
YoY Change -28.85% -40.18% 32.67%
LONG-TERM ASSETS
Property, Plant & Equipment $5.582M $6.901M $4.881M
YoY Change -0.47% 41.39% -29.62%
Goodwill $1.309M $1.309M
YoY Change 0.0% 0.0%
Intangibles $23.62K $1.951M $1.973M
YoY Change -98.82% -1.08%
Long-Term Investments $3.643M $4.343M $4.449M
YoY Change -15.29% -2.38% 28.39%
Other Assets $30.59K $40.79K $81.57K
YoY Change -57.14% -49.99% -33.34%
Total Long-Term Assets $11.87M $18.23M $17.08M
YoY Change -37.68% 6.72% 6.96%
TOTAL ASSETS
Total Short-Term Assets $5.341M $7.102M $11.87M
Total Long-Term Assets $11.87M $18.23M $17.08M
Total Assets $17.21M $25.33M $28.96M
YoY Change -35.19% -12.51% 16.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.490M $6.193M $3.494M
YoY Change 138.0% 77.26% -51.04%
Accrued Expenses $2.511M $773.4K $457.8K
YoY Change 499.82% 68.94% 45.15%
Deferred Revenue $1.367M $1.311M $1.274M
YoY Change 212.62% 2.87% 8.35%
Short-Term Debt $8.472M $7.157M $0.00
YoY Change 219.91% -100.0%
Long-Term Debt Due $8.472M $227.8K $16.57K
YoY Change 950.11% 1274.47% -14.37%
Total Short-Term Liabilities $20.55M $15.68M $7.749M
YoY Change 146.8% 102.4% -28.54%
LONG-TERM LIABILITIES
Long-Term Debt $2.592M $2.897M $750.0K
YoY Change 55.11% 286.28% 4426.25%
Other Long-Term Liabilities $405.0K $337.0K $2.195M
YoY Change -80.89% -84.65% 133.33%
Total Long-Term Liabilities $2.997M $3.234M $2.945M
YoY Change -20.93% 9.8% 207.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.55M $15.68M $7.749M
Total Long-Term Liabilities $2.997M $3.234M $2.945M
Total Liabilities $23.55M $18.92M $10.69M
YoY Change 94.34% 76.89% -9.38%
SHAREHOLDERS EQUITY
Retained Earnings -$75.93M -$62.33M -$37.70M
YoY Change 83.28% 65.36% 26.99%
Common Stock $8.814K $164.8K $120.5K
YoY Change -93.01% 36.78% 36.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $92.40K $92.40K $49.68K
YoY Change 85.98% 85.98%
Treasury Stock Shares 23.12K shares
Shareholders Equity -$7.459M $5.502M $17.63M
YoY Change
Total Liabilities & Shareholders Equity $17.21M $25.33M $28.96M
YoY Change -35.19% -12.51% 16.19%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$13.60M -$3.608M -$2.454M
YoY Change 264.31% 47.06% -35.95%
Depreciation, Depletion And Amortization $140.1K $92.98K $106.3K
YoY Change 4.1% -12.5% 10.17%
Cash From Operating Activities -$2.470M -$1.632M -$190.6K
YoY Change 3089.01% 756.13% -169.18%
INVESTING ACTIVITIES
Capital Expenditures $172.2K $9.940K -$244.2K
YoY Change -79.29% -104.07% 115.4%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$12.66K -$227.5K
YoY Change -100.0% -94.44% -411.4%
Cash From Investing Activities -$172.2K -$22.60K -$471.7K
YoY Change -43.34% -95.21% 1070.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.947M 764.6K 352.3K
YoY Change -268.68% 117.02% -51.86%
NET CHANGE
Cash From Operating Activities -2.470M -1.632M -190.6K
Cash From Investing Activities -172.2K -22.60K -471.7K
Cash From Financing Activities 1.947M 764.6K 352.3K
Net Change In Cash -695.5K -889.9K -310.0K
YoY Change -54.7% 187.02% -132.06%
FREE CASH FLOW
Cash From Operating Activities -$2.470M -$1.632M -$190.6K
Capital Expenditures $172.2K $9.940K -$244.2K
Free Cash Flow -$2.642M -$1.642M $53.59K
YoY Change 190.63% -3163.63% -86.22%

Facts In Submission

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-12683098 usd
us-gaap Net Income Loss
NetIncomeLoss
-4586120 usd
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.86
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.86
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.35
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16057132 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
16057132 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13459713 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13459713 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14761502 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14761502 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
13228828 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
13228828 shares
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9325160 usd
CY2023Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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CY2023Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
700000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
-3608134 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6417026 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14439562 usd
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
3210631 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
437325 usd
sgbx Stock Issued During Period Value Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockUnitsNetOfForfeitures
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us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
47500 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
354239 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
46417 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
42716 usd
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
700000 usd
us-gaap Profit Loss
ProfitLoss
-12683098 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6417026 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20364083 usd
CY2022Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
594694 usd
CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
98000 usd
CY2022Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
49680 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-2548151 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18262946 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
1914856 usd
sgbx Stock Issued During Period Value Restricted Stock Units Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockUnitsNetOfForfeitures
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
2254000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
49680 usd
us-gaap Profit Loss
ProfitLoss
-3064019 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18262946 usd
us-gaap Profit Loss
ProfitLoss
-12683098 usd
us-gaap Profit Loss
ProfitLoss
-3064019 usd
us-gaap Depreciation
Depreciation
277648 usd
us-gaap Depreciation
Depreciation
317249 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
140437 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
122587 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
30589 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
30589 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
685308 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23726 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
613092 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
484825 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
7024 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
21884 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
28048 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3210631 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1874857 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-241 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-539157 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1197149 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
2000000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-17993 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
-41916 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-63374 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-378863 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
82710 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
35845 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
93971 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
-356350 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
2183831 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-4006868 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
873731 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-163161 usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
usd
us-gaap Increase Decrease In Due To Related Parties Current
IncreaseDecreaseInDueToRelatedPartiesCurrent
-264451 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-925815 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-341319 usd
sgbx Increase Decrease In Assumed Liability Of Business Transferred
IncreaseDecreaseInAssumedLiabilityOfBusinessTransferred
15000 usd
sgbx Increase Decrease In Assumed Liability Of Business Transferred
IncreaseDecreaseInAssumedLiabilityOfBusinessTransferred
usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4671862 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5553160 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
530057 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1996200 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
760 usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
usd
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
100000 usd
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
119885 usd
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
805362 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
42662 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
148570 usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
usd
us-gaap Payments To Acquire Longterm Investments
PaymentsToAcquireLongtermInvestments
500000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-692604 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3549372 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42716 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
49680 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2732144 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
7609514 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
500000 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
706359 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
46417 usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2254000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5494596 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1803680 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
130130 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10906212 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
712906 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2118169 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1801584 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
700000 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segments
CY2023Q3 sgbx Number Of Core Product Offerings
NumberOfCoreProductOfferings
3 number
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
712906 usd
CY2023Q3 us-gaap Other Assets Current
OtherAssetsCurrent
4000771 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4000771 usd
sgbx Working Capital
WorkingCapital
-9280961 usd
CY2023Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
203926 usd
CY2023Q3 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
163140 usd
sgbx Deferred Contract Costs Amortization Expense
DeferredContractCostsAmortizationExpense
30589 usd
sgbx Deferred Contract Costs Amortization Expense
DeferredContractCostsAmortizationExpense
30589 usd
CY2023Q3 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
103251 usd
CY2022Q4 sgbx Estimated Income Loss On Uncompleted Contracts
EstimatedIncomeLossOnUncompletedContracts
-2160085 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', times; font-size: 10pt;"> <div> <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="font-size: 10pt; line-height: inherit;"><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, 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. <span style="font-family: 'times new roman', times; line-height: inherit;">The Company's estimates used in these financial statements include, but are not limited to, revenue recognition, 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></span></span></p> </div> </div> </div> </div>
sgbx No Of Operating Cycles
NoOfOperatingCycles
one year
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
0 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
10200000 usd
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
0 usd
sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
14566351 usd
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
11640953 usd
sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
8648873 usd
CY2023Q3 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
0 usd
CY2023Q3 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
3965361 usd
CY2022Q3 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
1437738 usd
CY2022Q3 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
2692519 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3965361 usd
CY2023Q3 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4130257 usd
CY2022Q3 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
14566351 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
20289826 usd
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2023Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
102217 usd
CY2020Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
200000 shares
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
712906 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
582776 usd
CY2023Q3 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
189019 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
171684 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
168006 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1180852 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1951367 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023Q3 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
68344 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1121399 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
938319 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
140437 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
122587 usd
CY2023Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
47027 usd
CY2022Q3 us-gaap Adjustment For Amortization
AdjustmentForAmortization
39243 usd
CY2023Q3 us-gaap Property Plant And Equipment Useful Life
PropertyPlantAndEquipmentUsefulLife
P5Y
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
49370 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
192436 usd
CY2022Q4 sgbx Provision For Loss On Uncompleted Contracts
ProvisionForLossOnUncompletedContracts
usd
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Times New Roman'; font-style: italic; font-weight: bold; line-height: inherit;">Concentrations of credit risk </span><span style="font-family: 'Times New Roman'; font-style: italic; line-height: inherit;">–</span><span style="font-family: 'Times New Roman'; 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 </span><span style="font-family: 'Times New Roman'; line-height: inherit;">significant </span><span style="font-family: 'Times New Roman'; line-height: inherit;">credit risk on the account. <br/></span><span style="font-family: 'Times New Roman'; line-height: inherit;"> </span></span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; 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 <span>September 30, 2023</span> and <span>December 31, 2022</span>, 87% and 80%, respectively, of the Company’s gross accounts receivable were due from <span style="border-left: none; border-right: none; line-height: inherit;">three</span> and three customers. </span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; line-height: 1.2;"><br/></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;">Revenue relating to one and two customers represented approximately 100% and 93% of the Company's total revenue for the <span style="line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;"><span>three months ended September 30, 2023</span></span></span><span style="line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;"> and </span></span><span style="line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;"><span>2022</span></span></span></span><span style="line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">, respectively. <span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">Revenue relating to </span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">one</span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;"> and </span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">one</span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;"> customers represented approximately 97</span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">% and </span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">88</span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; line-height: inherit;"><span style="font-family: 'Times New Roman', 'serif'; line-height: inherit;">% of the Company's total revenue for the </span></span><span style="color: #000000; font-family: 'times new roman', times; 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; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;"><span>nine months ended September 30, 2023</span> and <span>2022</span>, respectively.</span></span></span></span></p> <p style="margin: 0pt 0pt 0pt 36pt; text-align: justify; line-height: 1.2;"><br/></p> <p style="margin: 0in 0in 0in 0.5in; text-align: justify; line-height: 12pt; font-size: 10pt; font-family: 'Times New Roman', serif;"><span style="font-size: 10pt; color: #000000; font-family: 'times new roman', times; line-height: inherit;">There were no vendors representing 10% or more of the Company’s total cost of revenue for the <span>three and nine</span> months ended <span>September 30, 2023</span> and 2022. 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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