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Segments and Disaggregated Revenue | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2023 | Dec. 31, 2022
Segments and Disaggregated Revenue [Abstract] |  |
Segments and Disaggregated Revenue |
13. | Segments and Disaggregated Revenue
|  | Construction |  |  | Medical |  |  | Development |  |  | Corporate and support |  |  | Consolidated |
Nine Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 14,566,351 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 14,566,351 |
Cost of revenue |  |  | 15,138,225 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,138,225 |
Operating expenses |  |  | 68,384 |  |  |  | 139,135 |  |  |  | 1,801,364 |  |  |  | 9,265,290 |  |  |  | 11,274,173 |
Operating loss |  |  | (640,258 | ) |  |  | (139,135 | ) |  |  | (1,801,364 | ) |  |  | (9,265,290 | ) |  |  | (11,846,047 | )
Other income (expense) |  |  | (56,796 | ) |  |  | — |  |  |  | (814,601 | ) |  |  | 34,346 |  |  |  | (837,051 | )
Income (loss) before income taxes |  |  | (697,054 | ) |  |  | (139,135 | ) |  |  | (2,615,965 | ) |  |  | (9,230,944 | ) |  |  | (12,683,098 | )
Net income attributable to non-controlling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (697,054 | ) |  | $ | (139,135 | ) |  | $ | (2,615,965 | ) |  | $ | (9,230,944 | ) |  | $ | (12,683,098 | )
Total assets |  | $ | 7,111,643 |  |  | $ | 4,581 |  |  | $ | 11,652,465 |  |  | $ | 6,565,385 |  |  | $ | 25,334,074 |
Depreciation and amortization |  | $ | 146,917 |  |  | $ | — |  |  | $ | 208,412 |  |  | $ | 1,391,743 |  |  | $ | 1,747,072 |
Capital expenditures |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 530,055 |  |  | $ | 530,055 |
|  | Construction |  |  | Medical |  |  | Development |  |  | Corporate and support |  |  | Consolidated |
Nine Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 8,648,873 |  |  | $ | 11,640,953 |  |  | $ | — |  |  | $ | — |  |  | $ | 20,289,826 |
Cost of revenue |  |  | 8,689,924 |  |  |  | 8,506,681 |  |  |  | — |  |  |  | — |  |  |  | 17,196,605 |
Operating expenses |  |  | 399,911 |  |  |  | 52,336 |  |  |  | 1,313,196 |  |  |  | 4,738,928 |  |  |  | 6,504,371 |
Operating income (loss) |  |  | (440,962 | ) |  |  | 3,081,936 |  |  |  | (1,313,196 | ) |  |  | (4,738,928 | ) |  |  | (3,411,150 | )
Other income (expense) |  |  | 487,339 |  |  |  | — |  |  |  | (173,726 | ) |  |  | 33,518 |  |  |  | 347,131 |
Income (loss) before income taxes |  |  | 46,377 |  |  |  | 3,081,936 |  |  |  | (1,486,922 | ) |  |  | (4,705,410 | ) |  |  | (3,064,019 | )
Net income attributable to non-controlling interest |  |  | — |  |  |  | 1,522,101 |  |  |  | — |  |  |  | — |  |  |  | 1,522,101 |
Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | 46,377 |  |  | $ | 1,559,835 |  |  | $ | (1,486,922 | ) |  | $ | (4,705,410 | ) |  | $ | (4,586,120 | )
Total assets |  | $ | 11,442,445 |  |  | $ | 2,191,019 |  |  | $ | 8,947,444 |  |  | $ | 6,376,008 |  |  | $ | 28,956,916 |
Depreciation and amortization |  | $ | 429,056 |  |  | $ | 40,230 |  |  | $ | — |  |  | $ | — |  |  | $ | 469,286 |
Capital expenditures |  | $ | 1,094,222 |  |  | $ | — |  |  | $ | 893,785 |  |  | $ | 8,193 |  |  | $ | 1,996,200 |
Inter-segment revenue elimination |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | Construction |  |  | Medical |  |  | Development |  |  | Corporate and support |  |  | Consolidated |
Three Months Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 3,965,361 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,965,361 |
Cost of revenue |  |  | 4,501,393 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,501,393 |
Operating expenses |  |  | (108,603 | ) |  |  | 138,240 |  |  |  | 583,987 |  |  |  | 1,825,464 |  |  |  | 2,439,088 |
Operating loss |  |  | (427,429 | ) |  |  | (138,240 | ) |  |  | (583,987 | ) |  |  | (1,825,464 | ) |  |  | (2,975,120 | )
Other income (expense) |  |  | (308,988 | ) |  |  | — |  |  |  | (339,556 | ) |  |  | 15,530 |  |  |  | (633,014 | )
Income (loss) before income taxes |  |  | (736,417 | ) |  |  | (138,240 | ) |  |  | (923,543 | ) |  |  | (1,809,934 | ) |  |  | (3,608,134 | )
Net income attributable to non-controlling interest |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (736,417 | ) |  | $ | (138,240 | ) |  | $ | (923,543 | ) |  | $ | (1,809,934 | ) |  | $ | (3,608,134 | )
Total assets |  |  | 7,111,643 |  |  |  | 4,581 |  |  |  | 11,652,465 |  |  |  | 6,565,385 |  |  |  | 25,334,074 |
Depreciation and amortization |  | $ | 53,147 |  |  | $ | — |  |  | $ | 121,706 |  |  | $ | 432,707 |  |  | $ | 607,560 |
Capital expenditures |  | $ | — |  |  | $ | — |  |  | $ | 3,805 |  |  | $ | 526,252 |  |  | $ | 530,057 |
|  | Construction |  |  | Medical |  |  | Development |  |  | Corporate and support |  |  | Consolidated |
Three Months Ended September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 2,692,519 |  |  | $ | 1,437,738 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,130,257 |
Cost of revenue |  |  | 2,693,451 |  |  |  | 1,601,980 |  |  |  | — |  |  |  | — |  |  |  | 4,295,431 |
Operating expenses |  |  | 192,266 |  |  |  | 25,271 |  |  |  | 436,798 |  |  |  | 1,582,677 |  |  |  | 2,237,012 |
Operating income (loss) |  |  | (193,198 | ) |  |  | (189,513 | ) |  |  | (436,798 | ) |  |  | (1,582,677 | ) |  |  | (2,402,186 | )
Other income (expense) |  |  | (3,563 | ) |  |  | — |  |  |  | (52,157 | ) |  |  | 9,755 |  |  |  | (45,965 | )
Income (loss) before income taxes |  |  | (196,761 | ) |  |  | (189,513 | ) |  |  | (488,955 | ) |  |  | (1,572,922 | ) |  |  | (2,448,151 | )
Net income attributable to non-controlling interest |  |  | — |  |  |  | (94,568 | ) |  |  | — |  |  |  | — |  |  |  | (94,568 | )
Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (196,761 | ) |  | $ | (94,945 | ) |  | $ | (488,955 | ) |  | $ | (1,572,922 | ) |  | $ | (2,353,583 | )
Total assets |  |  | 11,442,445 |  |  |  | 2,191,019 |  |  |  | 8,947,444 |  |  |  | 6,376,008 |  |  |  | 28,956,916 |
Depreciation and amortization |  | $ | 142,301 |  |  | $ | 13,410 |  |  | $ | 2,157 |  |  | $ | — |  |  | $ | 157,868 |
Capital expenditures |  | $ | 244,201 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 244,201 |
14. | 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, 2022. 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, 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 | )
Less: 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 expenditures |  | $ | 1,858,054 |  |  | $ | — |  |  | $ | 893,785 |  |  | $ | 8,193 |  |  | $ | 2,760,032 |
Fiscal Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 6,793,690 |  |  | $ | 31,548,012 |  |  | $ | — |  |  | $ | — |  |  | $ | 38,341,702 |
Operating income (loss) |  |  | (7,041,313 | ) |  |  | 8,405,332 |  |  |  | (203,078 | ) |  |  | (7,143,792 | ) |  |  | (5,982,851 | )
Other income (expense) |  |  | 5,163 |  |  |  | (9,878 | ) |  |  | (55 | ) |  |  | 79,248 |  |  |  | 74,478 |
Income (loss) before income taxes |  |  | (7,036,150 | ) |  |  | 8,395,454 |  |  |  | (203,133 | ) |  |  | (7,064,544 | ) |  |  | (5,908,373 | )
Net income (loss) attributable to non-controlling interest |  |  | — |  |  |  | 4,924,303 |  |  |  | — |  |  |  | — |  |  |  | 4,924,303 |
Net income (loss) attributable to common stockholders of Safe & Green Holdings Corp. |  | $ | (7,036,150 | ) |  | $ | 3,471,151 |  |  | $ | (203,133 | ) |  | $ | (7,064,544 | ) |  | $ | (10,832,676 | )
Total assets |  | $ | 12,274,536 |  |  | $ | 5,884,098 |  |  | $ | 8,053,885 |  |  | $ | 8,711,499 |  |  | $ | 34,924,018 |
Depreciation and amortization |  | $ | 351,795 |  |  | $ | 240,266 |  |  | $ | — |  |  | $ | 13,345 |  |  | $ | 605,406 |
Capital expenditure |  | $ | 886,504 |  |  | $ | 362,122 |  |  | $ | 3,576,130 |  |  | $ | — |  |  | $ | 4,824,756 |

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