Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 2,323,599 $ 13,010,356
Accounts receivable, net 2,719,713 2,635,608
Contract assets 2,122,231 1,303,136
Inventories 1,409,915 778,144
Prepaid expenses and other current assets 553,975 570,775
Total current assets 9,129,433 18,298,019
Property, plant and equipment, net 7,177,533 2,683,014
Goodwill 1,309,330 1,309,330
Right-of-use asset 1,478,544 1,537,545
Long-term note receivable 701,233 682,637
Intangible assets, net 2,178,879 2,218,609
Deferred contract costs, net 132,552 152,944
Investment in and advances to equity affiliates 3,350,329
Total Assets 25,457,833 26,882,098
Current liabilities:    
Accounts payable and accrued expenses 5,920,137 3,961,961
Contract liabilities 789,068 1,774,740
Lease liability, current maturities 435,608 326,654
Due to affiliates 381,770 965,561
Assumed liability 43,295 200,765
Other current liabilities 5,000 5,000
Total current liabilities 7,574,878 7,234,681
Lease liability, net of current maturities 1,042,232 1,209,594
Total liabilities 8,617,110 8,444,275
Commitments and contingencies
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]    
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; 8,822,489 issued and outstanding as of June 30, 2021 and 8,596,189 issued and outstanding as of December 31, 2020 88,225 85,962
Additional paid-in capital 41,681,186 40,443,840
Accumulated deficit (25,851,682) (22,276,546)
Total SG Blocks, Inc. stockholders’ equity 15,917,729 18,253,256
Non-controlling interest 922,994 184,567
Total stockholders' equity 16,840,723 18,437,823
Total Liabilities and Stockholders’ Equity $ 25,457,833 $ 26,882,098