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Safe & Green Development | 10-Q: Q1 2024 Earnings Report

Safe & Green Development | 10-Q: Q1 2024 Earnings Report

Safe & Green Development | 10-Q:2024財年一季報
美股sec公告 ·  05/15 22:33
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Safe & Green Development Corporation (SG DevCo) reported financial results for the quarter ended March 31, 2024. The company generated revenue of $49,816, primarily from commissions on residential real estate transactions. However, SG DevCo incurred a net loss of $3,067,671, with operating expenses totaling $2,551,491, including significant stock-based compensation costs. The company's financial position was supported by various financing activities, including a line of credit, issuance of convertible debentures, and common stock sales to Peak One Opportunity Fund, L.P. SG DevCo's future plans involve developing properties using proceeds from securities sales and potential financings. The company also acquired Majestic World Holdings LLC, owner of the XENE Home Platform, and entered into an agreement to purchase AI technology MyVONIA. SG DevCo faces challenges, including the need for additional funding and compliance with Nasdaq's continued listing requirements, as it received notices regarding non-compliance with the stockholder's equity and minimum bid price requirements.
Safe & Green Development Corporation (SG DevCo) reported financial results for the quarter ended March 31, 2024. The company generated revenue of $49,816, primarily from commissions on residential real estate transactions. However, SG DevCo incurred a net loss of $3,067,671, with operating expenses totaling $2,551,491, including significant stock-based compensation costs. The company's financial position was supported by various financing activities, including a line of credit, issuance of convertible debentures, and common stock sales to Peak One Opportunity Fund, L.P. SG DevCo's future plans involve developing properties using proceeds from securities sales and potential financings. The company also acquired Majestic World Holdings LLC, owner of the XENE Home Platform, and entered into an agreement to purchase AI technology MyVONIA. SG DevCo faces challenges, including the need for additional funding and compliance with Nasdaq's continued listing requirements, as it received notices regarding non-compliance with the stockholder's equity and minimum bid price requirements.
Safe & Green Development Corporation (SG DevCo)報告了截至2024年3月31日的財務業績。公司主要通過住宅房地產交易的佣金收入實現了49816美元的營業收入,然而SG DevCo出現了3067671美元的淨虧損,其中營業費用總計2551491美元,其中包含了重要的股份獎勵成本。公司的財務狀況受到各種融資活動的支持,包括授信額度、可轉換債券發行以及出售股票給Peak One Opportunity Fund,L.P。SG DevCo未來的計劃包括利用證券銷售和潛在融資開發物業。公司還收購了Majestic World Holdings LLC,該公司擁有XENE Home平台,並簽署了一份購買人工智能技術MyVONIA的協議。SG DevCo面臨着許多挑戰,包括需要額外的資金和遵守Nasdaq的繼續上市要求,因爲公司收到了關於股東權益和最低買盤價格要求不符合的通知。
Safe & Green Development Corporation (SG DevCo)報告了截至2024年3月31日的財務業績。公司主要通過住宅房地產交易的佣金收入實現了49816美元的營業收入,然而SG DevCo出現了3067671美元的淨虧損,其中營業費用總計2551491美元,其中包含了重要的股份獎勵成本。公司的財務狀況受到各種融資活動的支持,包括授信額度、可轉換債券發行以及出售股票給Peak One Opportunity Fund,L.P。SG DevCo未來的計劃包括利用證券銷售和潛在融資開發物業。公司還收購了Majestic World Holdings LLC,該公司擁有XENE Home平台,並簽署了一份購買人工智能技術MyVONIA的協議。SG DevCo面臨着許多挑戰,包括需要額外的資金和遵守Nasdaq的繼續上市要求,因爲公司收到了關於股東權益和最低買盤價格要求不符合的通知。
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