Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 10,540,290 $ 13,010,356
Accounts receivable, net 3,216,907 2,635,608
Contract assets 1,902,577 1,303,136
Inventories 934,079 778,144
Prepaid expenses and other current assets 1,250,315 570,775
Total current assets 17,844,168 18,298,019
Property, plant and equipment, net 3,453,914 2,683,014
Goodwill 1,309,330 1,309,330
Right-of-use asset 1,585,538 1,537,545
Long-term note receivable 691,884 682,637
Intangible assets, net 2,220,702 2,218,609
Deferred contract costs, net 142,748 152,944
Total Assets 27,248,284 26,882,098
Current liabilities:    
Accounts payable and accrued expenses 6,024,738 3,961,961
Contract liabilities 1,133,328 1,774,740
Lease liability, current maturities 432,143 326,654
Due to affiliates 102,410 965,561
Assumed liability 114,967 200,765
Other current liabilities 5,000 5,000
Total current liabilities 7,812,586 7,234,681
Lease liability, net of current maturities 1,152,601 1,209,594
Total liabilities 8,965,187 8,444,275
Commitments and contingencies
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; 8,821,289 issued and outstanding as of March 31, 2021 and 8,596,189 issued and outstanding as of December 31, 2020 88,213 85,962
Additional paid-in capital 41,431,213 40,443,840
Accumulated deficit (24,310,423) (22,276,546)
Total SG Blocks, Inc. stockholders’ equity 17,209,003 18,253,256
Non-controlling interests 1,074,094 184,567
Total stockholders' equity 18,283,097 18,437,823
Total Liabilities and Stockholders’ Equity $ 27,248,284 $ 26,882,098