2024 Q3 Form 10-Q Financial Statement

#000121390024069089 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $1.753M $1.253M
YoY Change -55.79% -75.41%
Cost Of Revenue $1.879M $1.094M
YoY Change -58.26% -78.39%
Gross Profit -$125.6K $159.2K
YoY Change -76.57% 373.29%
Gross Profit Margin -7.16% 12.7%
Selling, General & Admin $353.7K $1.223M
YoY Change -78.16% -16.22%
% of Gross Profit 768.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $104.8K $42.30K
YoY Change 12.75% -54.26%
% of Gross Profit 26.57%
Operating Expenses $2.116M $2.953M
YoY Change -13.27% -47.68%
Operating Profit -$2.241M -$2.794M
YoY Change -24.67% -50.21%
Interest Expense -$1.889M
YoY Change -460.58%
% of Operating Profit
Other Income/Expense, Net -$1.475M -$1.754M
YoY Change 133.02% -3269.77%
Pretax Income -$3.716M -$4.548M
YoY Change 2.99% -18.14%
Income Tax
% Of Pretax Income
Net Earnings -$3.716M -$4.548M
YoY Change 2.99% -18.14%
Net Earnings / Revenue -211.96% -362.83%
Basic Earnings Per Share -$2.73
Diluted Earnings Per Share -$2.73
COMMON SHARES
Basic Shares Outstanding 2.028M shares 1.218M shares
Diluted Shares Outstanding 2.089M shares 1.412M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.017M
YoY Change -36.5%
Cash & Equivalents $257.0K $1.017M
Short-Term Investments
Other Short-Term Assets $1.919M $4.080M
YoY Change -52.03% 82.75%
Inventory $742.1K $223.4K
Prepaid Expenses
Receivables $168.2K $364.4K
Other Receivables $0.00
Total Short-Term Assets $2.001M $7.398M
YoY Change -71.83% -20.69%
LONG-TERM ASSETS
Property, Plant & Equipment $4.206M $5.506M
YoY Change -39.05% -21.24%
Goodwill $1.811M
YoY Change 38.3%
Intangibles $15.08K $557.3K
YoY Change -99.23% -72.09%
Long-Term Investments $3.643M
YoY Change -15.78%
Other Assets
YoY Change
Total Long-Term Assets $7.798M $13.53M
YoY Change -57.23% -27.01%
TOTAL ASSETS
Total Short-Term Assets $2.001M $7.398M
Total Long-Term Assets $7.798M $13.53M
Total Assets $9.799M $20.93M
YoY Change -61.32% -24.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.01M
YoY Change 42.4%
Accrued Expenses
YoY Change
Deferred Revenue $755.1K $1.737M
YoY Change -42.41% 929.31%
Short-Term Debt $0.00
YoY Change -100.0%
Long-Term Debt Due $1.846M $10.10M
YoY Change 710.37% 1213.41%
Total Short-Term Liabilities $13.24M $22.31M
YoY Change -15.59% 47.67%
LONG-TERM LIABILITIES
Long-Term Debt $4.720M $2.462M
YoY Change 62.93% -18.85%
Other Long-Term Liabilities $945.0K
YoY Change 138.03%
Total Long-Term Liabilities $4.720M $3.407M
YoY Change 45.95% -0.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.24M $22.31M
Total Long-Term Liabilities $4.720M $3.407M
Total Liabilities $17.96M $25.72M
YoY Change -5.07% 38.72%
SHAREHOLDERS EQUITY
Retained Earnings -$87.44M -$84.46M
YoY Change 40.29% 67.24%
Common Stock $22.58K $17.48K
YoY Change -86.3% -89.09%
Preferred Stock
YoY Change
Treasury Stock (at cost) $92.40K $92.40K
YoY Change 0.0% 0.0%
Treasury Stock Shares
Shareholders Equity -$9.134M
YoY Change
Total Liabilities & Shareholders Equity $9.799M $20.93M
YoY Change -61.32% -24.89%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$3.716M -$4.548M
YoY Change 2.99% -18.14%
Depreciation, Depletion And Amortization $104.8K $42.30K
YoY Change 12.75% -54.26%
Cash From Operating Activities -$3.694M
YoY Change 122.49%
INVESTING ACTIVITIES
Capital Expenditures -$65.08K
YoY Change -312.26%
Acquisitions
YoY Change
Other Investing Activities -$20.00
YoY Change
Cash From Investing Activities $65.06K
YoY Change -312.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.906M
YoY Change 112.3%
NET CHANGE
Cash From Operating Activities -3.694M
Cash From Investing Activities 65.06K
Cash From Financing Activities 3.906M
Net Change In Cash 277.0K
YoY Change 86.15%
FREE CASH FLOW
Cash From Operating Activities -$3.694M
Capital Expenditures -$65.08K
Free Cash Flow -$3.629M
YoY Change 114.61%

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NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAfterAdjustmentOfCommonStockDeemedDividends
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sgbx Net Income Loss Including Portion Attributable To Noncontrolling Interest And After Adjustment Of Common Stock Deemed Dividends
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAfterAdjustmentOfCommonStockDeemedDividends
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sgbx Net Income Loss Including Portion Attributable To Noncontrolling Interest And After Adjustment Of Common Stock Deemed Dividends
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndAfterAdjustmentOfCommonStockDeemedDividends
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CY2024Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.73
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.73
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-7.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1412159 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
744454 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1179150 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1179150 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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StockIssuedDuringPeriodValueFractionalShareAdjustment
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CY2024Q2 sgbx Stock Issued During Period Value Conversion Of Debt And Interest
StockIssuedDuringPeriodValueConversionOfDebtAndInterest
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CY2024Q2 sgbx Stock Issued During Period Value Under Economic Partnership Agreement
StockIssuedDuringPeriodValueUnderEconomicPartnershipAgreement
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CY2024Q2 sgbx Stock Issued During Period Value For Accounts Payable Settlement
StockIssuedDuringPeriodValueForAccountsPayableSettlement
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CY2024Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2024Q2 sgbx Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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CY2024Q2 us-gaap Profit Loss
ProfitLoss
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CY2024Q2 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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sgbx Stock Issued During Period Value Warrants Exercised
StockIssuedDuringPeriodValueWarrantsExercised
15 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
251361 usd
us-gaap Dividends Common Stock
DividendsCommonStock
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sgbx Stock Issued During Period Value Warrant Inducement
StockIssuedDuringPeriodValueWarrantInducement
494213 usd
sgbx Stock Issued During Period Value Conversion Of Debt And Interest
StockIssuedDuringPeriodValueConversionOfDebtAndInterest
802087 usd
sgbx Stock Issued During Period Value Under Economic Partnership Agreement
StockIssuedDuringPeriodValueUnderEconomicPartnershipAgreement
28867 usd
sgbx Stock Issued During Period Value For Accounts Payable Settlement
StockIssuedDuringPeriodValueForAccountsPayableSettlement
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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us-gaap Profit Loss
ProfitLoss
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4789275 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12321638 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2554262 usd
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
42716 usd
CY2023Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
47500 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-5555524 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
9325160 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
14439562 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3210631 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
437325 usd
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 And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
42716 usd
us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation
Depreciation
85034 usd
us-gaap Depreciation
Depreciation
184964 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6834 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
93410 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
30589 usd
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
20393 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1612377 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
411811 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
761767 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
428934 usd
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
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us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
484825 usd
sgbx Issuance Of Subsidiary Stock
IssuanceOfSubsidiaryStock
2846013 usd
sgbx Issuance Of Subsidiary Stock
IssuanceOfSubsidiaryStock
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us-gaap Gain Loss On Investments
GainLossOnInvestments
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us-gaap Gain Loss On Investments
GainLossOnInvestments
18699 usd
us-gaap Share Based Compensation
ShareBasedCompensation
527336 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3210631 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
181602 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
102256 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
835925 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
66890 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
357575 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
239441 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
211651 usd
us-gaap Increase Decrease In Intangible Assets Current
IncreaseDecreaseInIntangibleAssetsCurrent
92005 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
157720 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
3016961 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
370396 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-268479 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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sgbx Increase Decrease In Assumed Liability Of Business Transferred
IncreaseDecreaseInAssumedLiabilityOfBusinessTransferred
usd
sgbx Increase Decrease In Assumed Liability Of Business Transferred
IncreaseDecreaseInAssumedLiabilityOfBusinessTransferred
15000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-4618283 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3039177 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8229 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
526324 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
1082 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
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us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
184991 usd
us-gaap Payments To Acquire In Process Research And Development
PaymentsToAcquireInProcessResearchAndDevelopment
117682 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
25000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-192138 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1588001 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
2500000 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
3284277 usd
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
6609512 usd
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
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us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
706359 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
42716 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
494213 usd
us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
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us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
15 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3619253 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
usd
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
46417 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5809757 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4726738 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
999336 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1018555 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17448 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
582776 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1016784 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1601331 usd
sgbx Cashless Warrant Exercise
CashlessWarrantExercise
114 usd
sgbx Cashless Warrant Exercise
CashlessWarrantExercise
usd
sgbx Fractional Common Share Adjustment
FractionalCommonShareAdjustment
1 usd
sgbx Fractional Common Share Adjustment
FractionalCommonShareAdjustment
usd
sgbx Common Stock Deemed Dividend
CommonStockDeemedDividend
670881 usd
sgbx Common Stock Deemed Dividend
CommonStockDeemedDividend
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us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
1872742 usd
us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
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sgbx Prepaid Interest For Short Term Notes Payable
PrepaidInterestForShortTermNotesPayable
1000000 usd
sgbx Prepaid Interest For Short Term Notes Payable
PrepaidInterestForShortTermNotesPayable
usd
sgbx Common Stock Issued For Asset Acquisition
CommonStockIssuedForAssetAcquisition
228360 usd
sgbx Common Stock Issued For Asset Acquisition
CommonStockIssuedForAssetAcquisition
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sgbx Common Stock Issued For Accounts Payable Settlement
CommonStockIssuedForAccountsPayableSettlement
489268 usd
sgbx Common Stock Issued For Accounts Payable Settlement
CommonStockIssuedForAccountsPayableSettlement
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us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
100468 usd
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
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sgbx Noncash Or Part Noncash Acquisition Goodwill Acquired
NoncashOrPartNoncashAcquisitionGoodwillAcquired
1810787 usd
sgbx Noncash Or Part Noncash Acquisition Goodwill Acquired
NoncashOrPartNoncashAcquisitionGoodwillAcquired
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us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
532337 usd
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
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sgbx Noncash Or Part Noncash Acquisition Contingent Consideration Liabilities Assumed
NoncashOrPartNoncashAcquisitionContingentConsiderationLiabilitiesAssumed
945000 usd
sgbx Noncash Or Part Noncash Acquisition Contingent Consideration Liabilities Assumed
NoncashOrPartNoncashAcquisitionContingentConsiderationLiabilitiesAssumed
usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segments
CY2024Q2 sgbx Number Of Core Product Offerings
NumberOfCoreProductOfferings
3 item
CY2024Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
the Company effected a 1-for-20 reverse stock split of its then-outstanding common stock (“May Stock Split”). All share and per share amounts set forth in the consolidated financial statements of the Company have been retroactively restated to reflect the 1-for-20 reverse stock split as if it had occurred as of the earliest period presented and unless otherwise stated, all other share and per share amounts for all periods presented in this Quarterly Report on Form 10-Q for the period ended June 30, 2024 have been adjusted to reflect the reverse stock split effected in May 2024
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1016784 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2024Q2 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
4079790 usd
sgbx Working Capital
WorkingCapital
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us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family: 'times new roman', times; font-size: 10pt;"> <div> <div style="font-size: 10pt;"> <div style="border-left: none; border-right: none; text-align: justify; line-height: 1.2;"> <div> <div style="border-left: none; border-right: none;"> <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> </div> </div> </div> </div> </div> </div>
sgbx No Of Operating Cycles
NoOfOperatingCycles
one year
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
91978 usd
sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
2179369 usd
sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
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sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
10600990 usd
CY2024Q2 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
42162 usd
CY2024Q2 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
1211254 usd
CY2023Q2 sgbx Revenue Recognized At Point In Time
RevenueRecognizedAtPointInTime
0 usd
CY2023Q2 sgbx Revenue Recognized Over Time
RevenueRecognizedOverTime
5097055 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1253416 usd
CY2024Q2 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5097055 usd
CY2023Q2 sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2271347 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
10600990 usd
sgbx Revenue From Contract With Customer Excluding Assessed Tax Percentage
RevenueFromContractWithCustomerExcludingAssessedTaxPercentage
1 pure
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
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1016784 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17448 usd
CY2024Q2 us-gaap Short Term Investments
ShortTermInvestments
0 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Finite Lived Trademarks Gross
FiniteLivedTrademarksGross
68344 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1880547 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
6834 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
47291 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
56558 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
2852929 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 Federal Deposit Insurance Corporation 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>June 30, 2024</span> and <span>December 31, 2023</span>, 100% of the Company’s gross accounts receivable were due from <span style="border-left: none; border-right: none; line-height: inherit;">four</span> and three customers, <span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; 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;">respectively.</span></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 three and two customers represented approximately 73% and 96%, <span style="color: #000000; font-family: 'Times New Roman', 'serif'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; 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;">respectively, </span>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 June 30, 2024</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>2023</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-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; 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; font-family: 'times new roman', times; line-height: inherit;">Revenue relating to<span> four</span></span><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; 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; font-family: 'times new roman', times; line-height: inherit;"><span> </span>and<span> one </span></span><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; 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; font-family: 'times new roman', times; line-height: inherit;">customers represented approximately<span> <span style="border-left: none; border-right: none;">88%</span></span></span><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; 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; font-family: 'times new roman', times; line-height: inherit;"> and<span> 96%</span></span><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; 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; font-family: 'times new roman', times; line-height: inherit;"> of the Company's total revenue for the<span> </span></span><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; 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; font-family: 'times new roman', times; float: none; line-height: inherit; display: inline !important;"><span>six months ended June 30, 2024</span> and <span>2023</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 six</span> months ended <span>June 30, 2024</span> and <span>2023</span>. 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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