v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 2,118,169 $ 13,024,381
Escrow - bond 2,000,000  
Accounts receivable, net 1,713,473 2,917,646
Contract assets   41,916
Held for sale assets 4,453,714
Inventories 894,962 1,273,825
Prepaid expenses and other current assets 692,124 656,279
Total current assets 11,872,442 17,914,047
Property, plant and equipment, net 4,881,249 6,839,943
Project development costs and other non-current assets 887,738 923,172
Goodwill 1,309,330 1,309,330
Right-of-use asset 2,655,242 1,210,053
Long-term note receivable 848,185 720,137
Intangible assets, net 1,972,645 2,095,232
Deferred contract costs, net 81,570 112,159
Investment in non-marketable securities 700,000 200,000
Investment in and advances to equity affiliates 3,748,515 3,599,945
Total Assets 28,956,916 34,924,018
Current liabilities:    
Accounts payable and accrued expenses 3,493,944 7,568,851
Contract liabilities 1,274,418 1,437,579
Lease liability, current maturities 474,375 337,469
Due to affiliates 264,451
Assumed liability 5,795 5,795
Short term note payable, net 2,500,000 1,971,960
Total current liabilities 7,748,532 11,586,105
Long-term note payable 750,000 750,000
Lease liability, net of current maturities 2,195,438 872,124
Total liabilities 10,693,970 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; 12,050,206 issued and 12,027,091 outstanding as of September 30, 2022 and 11,986,873 issued and outstanding as of December 31, 2021 120,502 119,869
Additional paid-in capital 55,255,628 53,341,405
Treasury stock, at cost - 23,115 shares 49,680
Accumulated deficit (37,695,340) (33,109,220)
Total SG Blocks, Inc. stockholders’ equity 17,631,110 20,352,054
Non-controlling interest 631,836 1,363,735
Total stockholders' equity 18,262,946 21,715,789
Total Liabilities and Stockholders’ Equity $ 28,956,916 $ 34,924,018

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