Safe & Green Development Corp. Files Q2 2025 10-Q

TL;DR

SGC files Q2 10-Q. Real estate biz. Jacksonville HQ.

AI Summary

Safe & Green Development Corp. filed its 10-Q for the quarterly period ended June 30, 2025. The company, incorporated in Delaware, is involved in the real estate sector. Its principal executive offices are located in Jacksonville, Florida, with a business phone number of (646) 240-4235.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Safe & Green Development Corp. during the second quarter of 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing (10-Q) that provides standard financial and operational information without immediate, significant new risks.

Key Players & Entities

• Safe & Green Development Corp. (company) — Registrant
• June 30, 2025 (date) — Quarterly period end date
• Delaware (jurisdiction) — State of incorporation
• Jacksonville, Florida (location) — Business address
• (646) 240-4235 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share SGD The Nasdaq Stock Market L
• $0 — 4 there was inventory of $ 980,082 and $0 , respectively. Variable Interest Enti

Filing Documents

• ea0252817-10q_safe.htm (10-Q) — 1272KB
• ea025281701ex31-1_safe.htm (EX-31.1) — 10KB
• ea025281701ex31-2_safe.htm (EX-31.2) — 10KB
• ea025281701ex32-1_safe.htm (EX-32.1) — 6KB
• ea025281701ex32-2_safe.htm (EX-32.2) — 6KB
• 0001213900-25-076933.txt ( ) — 9299KB
• sgd-20250630.xsd (EX-101.SCH) — 91KB
• sgd-20250630_cal.xml (EX-101.CAL) — 58KB
• sgd-20250630_def.xml (EX-101.DEF) — 448KB
• sgd-20250630_lab.xml (EX-101.LAB) — 801KB
• sgd-20250630_pre.xml (EX-101.PRE) — 471KB
• ea0252817-10q_safe_htm.xml (XML) — 1081KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 1 ITEM 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 (Unaudited) 2 Condensed Consolidated Statements of Changes in Stockholders' Equity for the Three and Six Months Ended June 30, 2025 and 2024 (Unaudited) 3 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 (Unaudited) 5 Notes to Condensed Consolidated Financial Statements 6 ITEM 2.

Management's Discussion and Analysis of Financial Condition and Result of Operations

Management's Discussion and Analysis of Financial Condition and Result of Operations 37 ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 48 ITEM 4.

Controls and Procedures

Controls and Procedures 48

OTHER INFORMATION

PART II. OTHER INFORMATION 49 ITEM 1.

Legal Proceedings

Legal Proceedings 49 ITEM 1A.

Risk Factors

Risk Factors 49 ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds 52 ITEM 3. Defaults Upon Senior Securities 52 ITEM 4. Mine Safety Disclosures 52 ITEM 5. Other Information 52 ITEM 6. Exhibits 53

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

ITEM 1. Financial Statements SAFE AND GREEN DEVELOPMENT CORPORATION AND SUBSIDIARY Condensed Consolidated Balance Sheets June 30, 2025 December 31, 2024 (Unaudited) Assets Current assets: Cash $ 403,086 $ 227,766 Prepaid assets and other current assets 203,684 502,883 Inventory 980,082 - Accounts receivable, net 1,096,639 - Notes receivable, net 958,172 960,672 Current assets of discontinued operations - 112,849 Current Assets 3,641,663 1,804,170 Assets held for sale 4,400,361 4,400,361 Land 1,058,680 807,847 Property and equipment, net 5,447,754 6,045 Project development costs and other non-current assets 96,239 96,239 Equity-based investments 617,607 3,642,607 Intangible assets, net 17,768 1,038,312 Right of use assets 317,780 - Goodwill 23,353,585 - Long-term assets of discontinued operations 118,398 958,211 Total Assets $ 39,069,835 $ 12,753,792 Liabilities and Stockholder's Equity Current liabilities: Accounts payable and accrued expenses $ 5,362,688 $ 1,293,921 Due to affiliates 2,616,072 399,660 Short-term notes payable, net 16,679,545 8,361,655 Notes payable – related party, current 5,472,266 - Operating lease liabilities, current 57,088 - Finance lease liabilities, current 188,581 - Current liabilities of discontinued operations - 345,421 Total current liabilities 30,376,240 10,400,657 Long-term notes payable, net 2,958,391 1,499,957 Operating lease liabilities 280,992 - Finance lease liabilities 1,075,605 - Total liabilities 34,691,228 11,900,614 Stockholder's equity: Preferred stock, $ 0.001 par value, 5,000,000 shares authorized, 1,500,000 issued and outstanding as of June 30, 2025, 0 issued and outstanding as of December 31, 2024 1,500 - Common stock, $ 0.001 par value, 100,000,000 shares authorized, 3,132,103 issued and 3,019,340 outstanding as of June 30, 2025 and 1,486,872 shares authorized, issued and outstanding as of

View Full Filing

View this 10-Q filing on SEC EDGAR