v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue:        
Revenue $ 11,853,987 $ 628,949 $ 21,041,614 $ 827,705
Cost of revenue:        
Cost of revenue 9,014,943 254,716 16,994,389 407,491
Gross profit 2,839,044 374,233 4,047,225 420,214
Operating expenses:        
Payroll and related expenses 801,664 392,338 1,629,186 664,146
General and administrative expenses 1,888,162 766,750 3,349,518 1,258,064
Marketing and business development expense 72,438 30,899 143,065 63,237
Pre-project expenses 847 25,000 10,980 25,000
Total 2,763,111 1,214,987 5,132,749 2,010,447
Operating income (loss) 75,933 (840,754) (1,085,524) (1,590,233)
Other income (expense):        
Interest expense (329) (3,452) (692) (6,263)
Interest income 13,797 6,233 31,267 11,096
Other income 61,024 61,024
Total 74,492 2,781 91,599 4,833
Income (loss) before income taxes 150,425 (837,973) (993,925) (1,585,400)
Income tax expense
Net income (loss) 150,425 (837,973) (993,925) (1,585,400)
Add: net profit attributable to noncontrolling interests 1,691,684 2,581,211
Net loss attributable to common stockholders of SG Blocks, Inc. $ (1,541,259) $ (837,973) $ (3,575,136) $ (1,585,400)
Net loss per share - basic and diluted:        
Basic and diluted $ (0.17) $ (0.16) $ (0.41) $ (0.48)
Weighted average shares outstanding:        
Basic and diluted 8,822,278 5,369,132 8,783,806 3,278,913
Construction services        
Revenue:        
Revenue $ 2,064,438 $ 534,526 $ 5,202,153 $ 623,867
Cost of revenue:        
Cost of revenue 3,164,695 193,208 7,258,235 265,119
Engineering services        
Revenue:        
Revenue 4,059 94,423 98,008 203,838
Cost of revenue:        
Cost of revenue 32,197 61,508 41,967 142,372
Medical revenue        
Revenue:        
Revenue 9,785,490 15,741,453
Cost of revenue:        
Cost of revenue $ 5,818,051 $ 9,694,187

Source