v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 13,146,418 $ 13,024,381
Accounts receivable, net 2,424,501 2,917,646
Contract assets 133,395 41,916
Held for sale assets 4,392,541
Inventories 1,054,342 1,273,825
Prepaid expenses and other current assets 784,871 656,279
Total current assets 21,936,068 17,914,047
Property, plant and equipment, net 4,080,852 6,839,943
Project development costs and other non-current assets 449,961 923,172
Goodwill 1,309,330 1,309,330
Right-of-use asset 2,902,284 1,210,053
Long-term note receivable 829,384 720,137
Intangible assets, net 2,053,410 2,095,232
Deferred contract costs, net 101,963 112,159
Investment in non-marketable securities 700,000 200,000
Investment in and advances to equity affiliates 3,599,945 3,599,945
Total Assets 37,963,197 34,924,018
Current liabilities:    
Accounts payable and accrued expenses 5,475,882 7,568,851
Contract liabilities 5,205,712 1,437,579
Lease liability, current maturities 481,223 337,469
Due to affiliates 264,451
Assumed liability 5,795 5,795
Short term note payable, net 1,984,902 1,971,960
Total current liabilities 13,153,514 11,586,105
Long-term note payable 750,000 750,000
Lease liability, net of current maturities 2,427,080 872,124
Total liabilities 16,330,594 13,208,229
Stockholders’ equity:    
Preferred stock, $1.00 par value, 5,405,010 shares authorized; none issued or outstanding
Common stock, $0.01 par value, 25,000,000 shares authorized; 12,006,873 issued and outstanding as of March 31, 2022 and 11,986,873 issued and outstanding as of December 31, 2021 120,069 119,869
Additional paid-in capital 54,030,291 53,341,405
Accumulated deficit (33,826,397) (33,109,220)
Total SG Blocks, Inc. stockholders’ equity 20,323,963 20,352,054
Non-controlling interest 1,308,640 1,363,735
Total stockholders' equity 21,632,603 21,715,789
Total Liabilities and Stockholders’ Equity $ 37,963,197 $ 34,924,018

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