Safe & Green Development Corp
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 1, 2024
RENX$1.03-2.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| For the Year Ended December 31, 2023 · For the Year Ended December 31, 2022 | ||||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net loss | $(4,200,541) | $(2,444,259) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||
| Depreciation | 236 | - | ||
| Amortization of debt issuance costs | 489,252 | 28,040 | ||
| Common stock for debt discount and commitment fees | 684,438 | - | ||
| Changes in operating assets and liabilities: | ||||
| Prepaid asset and other current assets | (206,949) | (25,040) | ||
| Intangible assets | (22,210) | - | ||
| Due from affiliates | (1,660,845) | - | ||
| Accounts payable and accrued expenses | 346,016 | 125,089 | ||
| Net cash used in operating activities | (4,570,603) | (2,316,170) | ||
| Cash flows from investing activities: | ||||
| Assets held for sale | (3,535) | - | ||
| Purchase of computers and software | (3,805) | - | ||
| Purchase of land | - | (1,190,655) | ||
| Additions to project development costs | (9,607) | (206,367) | ||
| Equity-based investments | (42,662) | - | ||
| Net cash used in investing activities | (59,609) | (1,397,022) | ||
| Cash flows from financing activities: | ||||
| Proceeds from short-term notes payable, net of debt issuance costs | 6,173,344 | 648,300 | ||
| Repayment of short-term note payable | (2,500,000) | - | ||
| Contributions | 959,384 | 3,065,612 | ||
| Net cash provided by financing activities | 4,632,728 | 3,713,912 | ||
| Net change in cash | 2,516 | 720 | ||
| Cash – beginning of period | 720 | - | ||
| Cash – end of period | $3,236 | $720 | ||
| Supplemental disclosure of non-cash operating activities: | ||||
| Prepaid interest held back from proceeds from short-term notes payable | $675,000 | $ | - | |
| Forgiveness of due from affiliate | $2,279,156 | $ | - | |
| Transfer of land to assets held for sale | $ | $3,576,130 | ||
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