SAFE & GREEN HOLDINGS CORP.
For the period ended Dec 31, 2023. Filed May 7, 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 May 7, 2024
OLOX$0.68-0.3%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 EndedDecember 31,2023 | For the Year EndedDecember 31, 2022 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | $(26,757,906) | $(7,089,242) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 370,525 | 410,314 |
| Direct write off of investments in marketable securities and long-term notes receivable | 1,557,534 | — |
| Amortization of intangible assets | 187,640 | 164,092 |
| Impairment loss | 4,418,911 | — |
| Amortization of deferred license costs | 40,785 | 40,785 |
| Amortization of debt issuance costs | 990,043 | 23,726 |
| Amortization of right-of-use asset | 2,433,865 | 691,227 |
| Direct write-off of accounts receivable | — | 1,073,531 |
| Bad debt expense and recoveries | 491,388 | 10,526 |
| Interest income on notes receivable | — | (37,397) |
| SGB DevCorp stock issuances | 195,000 | — |
| Common stock issued for services | 653,575 | — |
| Stock-based compensation | 3,210,631 | 2,798,844 |
| Loss on asset disposal | — | 25,265 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 606,315 | 553,132 |
| Contract assets | 25,639 | 5,532 |
| Inventories | 309,048 | 808,265 |
| Prepaid expenses and other current assets | 171,432 | (87,932) |
| Intangible asset | — | 1,139 |
| Accounts payable and accrued expenses | 5,889,741 | (3,519,329) |
| Contract liabilities | 929,727 | (1,000,308) |
| Due to affiliates | — | (264,450) |
| Other current liability | (5,795) | 176,340 |
| Lease liability | (2,859,852) | (414,674) |
| Net cash used in operating activities | (7,141,754) | (5,630,614) |
| Cash flows used in investing activities: | ||
| Purchase of property, plant and equipment | (607,404) | (2,760,032) |
| Purchase of intangible asset | (93,970) | (67,832) |
| Proceeds from sale of equipment | — | 760 |
| Payment for Promissory Note | — | (100,000) |
| Project development costs | (120,781) | (426,194) |
| Investment in non-marketable securities | — | (500,000) |
| Investment in and advances to equity affiliates | (42,662) | — |
| Net cash used in investing activities | (864,817) | (3,853,298) |
| Cash flows provided by financing activities: | ||
| Proceeds from short-term note payable | 10,129,078 | 500,000 |
| Payment of short-term notes payable | (3,704,129) | — |
| Proceeds from long-term note payable | 710,692 | — |
| Issuance of common stock | 394,735 | — |
| Payments on financing lease | — | (431,865) |
| Distribution paid to noncontrolling interest | (46,417) | (2,976,148) |
| Repurchase of common stock | (42,716) | (49,680) |
| Net cash (used in) provided by financing activities | 7,441,243 | (2,957,693) |
| Net (decrease) increase in cash and cash equivalents | (565,328) | (12,441,605) |
| Cash and cash equivalents - beginning of year | 582,776 | 13,024,381 |
| Cash and cash equivalents - end of year | $17,448 | $582,776 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the year for interest | $— | $271,744 |
| Supplemental disclosure of non-cash operating activities: | ||
| Initial value of lease liability | $— | $3,902,175 |
| Conversion of short-term notes payable to common stock | $730,000 | $— |
| Conversion of accrued interest to common stock | $45,000 | $— |
| Additions of property for debt | $969,188 | $— |
| Restricted stock units issued | $30,203 | $— |
| Dev Co Distribution | $8,220,004 | $— |
| Peak Stock and Warrants Issuances | $354,329 | $— |
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