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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财年一季报
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)报告了截至2024年3月31日的财务业绩。公司主要通过住宅房地产交易的佣金收入实现了49816美元的营业收入,然而SG DevCo出现了3067671美元的净亏损,其中营业费用总计2551491美元,其中包含了重要的股份奖励成本。公司的财务状况受到各种融资活动的支持,包括授信额度、可转换债券发行以及出售股票给Peak One Opportunity Fund,L.P。SG DevCo未来的计划包括利用证券销售和潜在融资开发物业。公司还收购了Majestic World Holdings LLC,该公司拥有XENE Home平台,并签署了一份购买人工智能技术MyVONIA的协议。SG DevCo面临着许多挑战,包括需要额外的资金和遵守Nasdaq的继续上市要求,因为公司收到了关于股东权益和最低买盘价格要求不符合的通知。
Safe & Green Development Corporation (SG DevCo)报告了截至2024年3月31日的财务业绩。公司主要通过住宅房地产交易的佣金收入实现了49816美元的营业收入,然而SG DevCo出现了3067671美元的净亏损,其中营业费用总计2551491美元,其中包含了重要的股份奖励成本。公司的财务状况受到各种融资活动的支持,包括授信额度、可转换债券发行以及出售股票给Peak One Opportunity Fund,L.P。SG DevCo未来的计划包括利用证券销售和潜在融资开发物业。公司还收购了Majestic World Holdings LLC,该公司拥有XENE Home平台,并签署了一份购买人工智能技术MyVONIA的协议。SG DevCo面临着许多挑战,包括需要额外的资金和遵守Nasdaq的继续上市要求,因为公司收到了关于股东权益和最低买盘价格要求不符合的通知。
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