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v3.5.0.2

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | 9 Months Ended
--- | --- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Jun. 30, 2016 | Sep. 30, 2015
Successor |  |  |  |
Revenue: |  |  |  |
SG Block sales | $ 238,781 |  |  |
Engineering services | 76,929 |  |  |
Project management |  |  |  |
Total revenue | 315,710 |  |  |
Cost of revenue: |  |  |  |
SG Block sales | 189,520 |  |  |
Engineering services | 68,423 |  |  |
Project management |  |  |  |
Total cost revenue | 257,943 |  |  |
Gross profit | 57,767 |  |  |
Operating expenses: |  |  |  |
Payroll and related expenses | 155,455 |  |  |
General and administrative expenses | 236,804 |  |  |
Marketing and business development expense | 16,196 |  |  |
Pre-project expenses | 22,633 |  |  |
Total | 431,088 |  |  |
Operating loss | (373,321) |  |  |
Other income (expense): |  |  |  |
Interest expense | (123,412) |  |  |
Interest income | 3 |  |  |
Change in fair value of financial instruments | 18,345 |  |  |
Total | (105,064) |  |  |
Net loss before reorganization items | (478,385) |  |  |
Reorganization items: |  |  |  |
Legal and professional fees | (64,821) |  |  |
Gain on reorganization |  |  |  |
Total | (64,821) |  |  |
Net loss | $ (543,206) |  |  |
Net loss per share - basic and diluted: |  |  |  |
Basic and diluted | $ (1.11) |  |  |
Weighted average shares outstanding: |  |  |  |
Basic and diluted | 491,357 |  |  |
Predecessor |  |  |  |
Revenue: |  |  |  |
SG Block sales |  | $ 269,993 | $ 1,004,216 | $ 2,095,341
Engineering services |  | 19,588 | 52,007 | 45,114
Project management |  |  |  | 20,000
Total revenue |  | 289,581 | 1,056,223 | 2,160,455
Cost of revenue: |  |  |  |
SG Block sales |  | 220,054 | 816,076 | 1,653,384
Engineering services |  | 15,319 | 43,898 | 38,087
Project management |  | 12,000 |  | 17,000
Total cost revenue |  | 247,373 | 859,974 | 1,708,471
Gross profit |  | 42,208 | 196,249 | 451,984
Operating expenses: |  |  |  |
Payroll and related expenses |  | 222,166 | 367,254 | 813,544
General and administrative expenses |  | 161,724 | 557,069 | 592,165
Marketing and business development expense |  | 9,258 | 22,729 | 111,379
Pre-project expenses |  |  | 26,411 | 15,276
Total |  | 393,148 | 973,463 | 1,532,364
Operating loss |  | (350,940) | (777,214) | (1,080,380)
Other income (expense): |  |  |  |
Interest expense |  | (1,442,342) | (429,017) | (1,820,419)
Interest income |  |  | 8 | 13
Change in fair value of financial instruments |  | 131,289 |  | 646,671
Total |  | (1,311,053) | (429,009) | (1,173,735)
Net loss before reorganization items |  | (1,661,993) | (1,206,223) | (2,254,115)
Reorganization items: |  |  |  |
Legal and professional fees |  |  | (171,893) |
Gain on reorganization |  |  | 713,379 |
Total |  |  | 541,486 |
Net loss |  | $ (1,661,993) | $ (664,737) | $ (2,254,115)
Net loss per share - basic and diluted: |  |  |  |
Basic and diluted |  | $ (0.04) | $ (0.02) | $ (0.05)
Weighted average shares outstanding: |  |  |  |
Basic and diluted |  | 42,918,927 | 42,918,927 | 42,918,927

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