SAFE & GREEN HOLDINGS CORP.
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
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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.
FY2024 · Filed Apr 1, 2025
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 31,2024 | For the Year EndedDecember 31, 2023 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Loss from continuing operations | $(19,664,360) | $(22,557,365) |
| Income (loss) from discontinued operations | 2,684,678 | (3,725,168) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation expense | 513,125 | 370,289 |
| Direct write off of project development costs | 266,129 | — |
| Direct write off of investments in marketable securities and long-term notes receivable | — | 1,557,534 |
| Amortization of intangible assets | 13,668 | 187,640 |
| Impairment loss | 1,566,806 | 4,418,911 |
| Amortization of deferred license costs | 30,589 | 40,785 |
| Amortization of debt issuance costs | 2,297,384 | 990,043 |
| Amortization of right-of-use asset | 971,833 | 2,433,865 |
| Gain on deconsolidation – SG DevCorp | (4,637,013) | — |
| Loss on disposition of equity-based investment | 320,408 | — |
| Change in fair value of equity-based investment | 6,616,201 | — |
| Bad debt expense and recoveries | — | 491,388 |
| SGB DevCorp stock issuances | — | 195,000 |
| Common stock issued for services | — | 3,210,631 |
| Stock-based compensation | 1,194,597 | 653,575 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 77,274 | 606,315 |
| Contract assets | 8,209 | 25,639 |
| Inventories | (314,956) | 309,048 |
| Intangible assets | (23,921) | — |
| Prepaid expenses and other current assets | 136,194 | 378,382 |
| Accounts payable and accrued expenses | 748,670 | 5,543,726 |
| Contract liabilities | (770,916) | 929,727 |
| Other current liability | — | (5,795) |
| Lease liability | (1,338,557) | (2,859,852) |
| Net cash used in operating activities by continuing operations | (9,303,958) | (6,805,682) |
| Net cash provided from operating activities by discontinued operations | (1,594,797) | 70,665 |
| Cash flows used in investing activities: | ||
| Purchase of property, plant and equipment | (90,374) | (600,064) |
| Purchase of intangible asset | — | (71,759) |
| Cash received from sale of equity-based investment | 125,000 | — |
| Project development costs | 76,428 | (111,175) |
| Net cash provided by (used in) investing activities by continuing operations | 111,054 | (782,998) |
| Net cash used in investing activities by discontinued operations | (104,352) | (81,819) |
| Cash flows provided by financing activities: | ||
| Proceeds from short-term note payable | 7,273,044 | 3,466,481 |
| Payment of short-term notes payable | (5,834,000) | (1,204,129) |
| Proceeds from long-term note payable | — | 710,692 |
| Proceeds from warrant inducement | 2,599,081 | — |
| Issuance of common stock under EP agreement | 28,867 | — |
| Prefunded warrant exercise | 125 | — |
| Issuance of common stock for cash | 3,590,386 | 394,735 |
| Distribution paid to noncontrolling interest | — | (46,417) |
| Repurchase of common stock | — | (42,716) |
| Net cash (used in) provided by financing activities by continuing operations | 7,657,503 | 3,278,646 |
| Net cash (used in) provided by financing activities by discontinued operations | 3,596,211 | 3,753,344 |
| Net (decrease) increase in cash and cash equivalents | 361,661 | (567,844) |
| Cash and cash equivalents - beginning of year | 14,212 | 582,056 |
| Cash and cash equivalents - end of year | $375,873 | $14,212 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the year for interest | $2,090,264 | $1,534,576 |
| Supplemental disclosure of non-cash operating activities: | ||
| Assets and liabilities effected in deconsolidation | ||
| Cash | $567,473 | $— |
| Assets held for sale | $4,400,361 | $— |
| Prepaid expenses and other current assets | $429,331 | $— |
| Property and equipment, net | $1,194,117 | $— |
| Project development costs and other assets | $91,490 | $— |
| Goodwill | $1,810,787 | $— |
| Intangible assets | $138,678 | $— |
| Investments in equity-based investments | $3,642,607 | $— |
| Accounts payable and accrued expenses | $1,600,294 | $— |
| Contingent consideration payable | $945,000 | $— |
| Supplemental disclosure of non-cash financing activities: | ||
| Short-term notes payable | $6,476,723 | $— |
| Cashless warrant exercise | $114 | $137 |
| Fractional common share adjustment | $1 | $— |
| Common stock deemed dividend - inducement | $475,713 | $— |
| Common stock deemed dividend - inducement | $5,145,883 | $— |
| Conversion of short-term notes payable and accrued interest to common stock | $802,086 | $775,000 |
| Fair value of warrants issued with debt | $251,361 | $— |
| Common stock issuance for accounts payable settlement | $1,259,681 | $— |
| Additions of property for debt | $— | $969,188 |
| Restricted stock units issued | $— | $1,510 |
| SG DevCorp Distribution | $— | $8,220,004 |
| SG DevCorp. Transactions | $— | $448,547 |
| Peak Stock and Warrants Issuances | $— | $354,329 |
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