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Segment Reporting | 12 Months Ended
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Dec. 31, 2023
Segment Reporting |
Segment Reporting |
15. | Segment Reporting
We have organized our operations into three segments: Construction, Medical, Development and Environmental. We allocate to segment results the operating expenses “Payroll and related expenses,” “General and administrative,” “Marketing and business development,” and “Pre-project” based on usage, which is generally reflected in the segment in which the costs are incurred. These segments reflect the way our executive team evaluates the Company’s business performance and manages its operations. The Construction segment includes the Company's manufacturing unit SG ECHO and other modules projects. The Medical segment mainly consists of the Company's joint venture COVID-19 laboratory operations. The Development segment includes real property development utilizing our technology and our manufacturing facility. The Environmental segment has had no activity through December 31, 2023. Corporate and support consists of general corporate expenses such as our executive office; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; corporate overhead and other items not allocated to any of the Company's segments. From time to time, the Company revises the measurement of each segment's cost of revenue and operating expenses, including any corporate overhead allocations, as determined by the information regularly reviewed by its executive team. Information for the Company's segments, as well as for Corporate and support, is provided in the following table:
|  |  | Construction |  |  | Medical |  |  | Development |  |  | Corporate/Support |  |  | Consolidated |
| Fiscal Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Revenue |  | $ | 16,523,080 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 16,523,080 |
| Operating income (loss) |  |  | (2,721,899 | ) |  |  | (529,569 | ) |  |  | (3,023,448 | ) |  |  | (18,497,740 | ) |  |  | (24,772,656 | )
| Other income (expense) |  |  | (648,157 | ) |  |  | — |  |  |  | (1,177,093 | ) |  |  | (160,000) |  |  |  | (1,985,250 | )
| Income (loss) before income taxes |  |  | (3,370,056 | ) |  |  | (529,569 | ) |  |  | (4,200,541 | ) |  |  | (18,657,740 | ) |  |  | (26,757,906 | )
| Less: Net income (loss) attributable to non-controlling interest |  |  | — |  |  |  | — |  |  |  | 475,373 |  |  |  | — |  |  |  | 475,373 |
| Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (3,370,056 | ) |  | $ | (529,569 | ) |  | $ | (3,725,168 | ) |  | $ | (18,657,740 | ) |  | $ | (26,282,533 | )
| Total assets |  | $ | 5,997,826 |  |  | $ | 1,483 |  |  | $ | 9,559,966 |  |  | $ | 1,652,000 |  |  | $ | 17,211,275 |
| Depreciation and amortization |  | $ | 182,530 |  |  | $ | — |  |  | $ | 236 |  |  | $ | 415,478 |  |  | $ | 598,244 |
| Capital expenditures |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 607,404 |  |  | $ | 607,404 |
| Fiscal Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Revenue |  | $ | 12,752,219 |  |  | $ | 11,641,727 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,393,946 |
| Operating income (loss) |  |  | (472,039 | ) |  |  | 2,588,830 |  |  |  | (2,137,866 | ) |  |  | (7,208,895 | ) |  |  | (7,229,970 | )
| Other income (expense) |  |  | 373,300 |  |  |  | — |  |  |  | (306,393 | ) |  |  | 73,821 |  |  |  | 140,728 |
| Income (loss) before income taxes |  |  | (98,739 | ) |  |  | 2,588,830 |  |  |  | (2,444,259 | ) |  |  | (7,135,074 | ) |  |  | (7,089,242 | )
| Net income (loss) attributable to non-controlling interest |  |  | — |  |  |  | 1,229,806 |  |  |  | — |  |  |  | — |  |  |  | 1,229,806 |
| Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (98,739 | ) |  | $ | 1,359,024 |  |  | $ | (2,444,259 | ) |  | $ | (7,135,074 | ) |  | $ | (8,319,048 | )
| Total assets |  | $ | 11,287,672 |  |  | $ | 291,542 |  |  | $ | 9,268,918 |  |  | $ | 5,707,548 |  |  | $ | 26,555,680 |
| Depreciation and amortization |  | $ | 574,961 |  |  | $ | 40,230 |  |  | $ | — |  |  | $ | — |  |  | $ | 615,191 |
| Capital expenditure |  | $ | 1,858,054 |  |  | $ | — |  |  | $ | 893,785 |  |  | $ | 8,193 |  |  | $ | 2,760,032 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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