Summary of Safe & Green Holdings Corp.

Business Overview

Safe & Green Holdings Corp. operates in four main segments:

1. Construction
2. Medical
3. Real Estate Development
4. Environmental

Construction Segment

• Designs and constructs modular structures using raw materials that are Made-in-America.
• Produces purpose-built, prefabricated modules for residential and commercial use.
• Uses modified cargo shipping containers and wood modules.
• Modular structures are designed to be hurricane-, tornado-, and earthquake-resistant.
• Benefits include greater quality, faster construction times, energy savings, and reduced waste.
• Produced modules include container-based and wood-framed modules, with approximately 85% of sales since acquisition of Echo involving wood modules.
• Targeted markets include: single-family/multi-family housing, restaurants/QSR, military, education, healthcare, equipment enclosures, offices, athletic facilities, and additional markets like data centers and medical facilities.
• Revenue for construction in 2024: $4,976,618 (down 70% from $16,523,080 in 2023).
• Number of customers: At December 31, 2024, revenue due from 3 primary customers (each accounting for a significant share); about 83% of total revenue in 2024 was from 3 customers.

Medical Segment

• Provides turnkey modular health care facilities for medical testing and treatment.
• Formed Safe & Green Medical Corporation in March 2023 to establish a presence with clinics and labs.
• To date, no revenue has been generated from SG Medical.

Real Estate Development Segment

• Focuses on acquiring property and developing multi-family, single-family, and underserved region projects.
• Uses modules built in company-owned factories for development.
• Has invested in properties and joint ventures, with some holdings through subsidiaries.
• In 2022, planned separation into two companies; in September 2023, the company distributed approximately 30% of SG DevCorp’s shares to stockholders.
• As of December 31, 2024, ownership in SG DevCorp fell below 50%, and the segment is now accounted for on the equity method.
• No revenue has yet been generated from development projects.

Environmental Segment

• Focuses on biomedical waste removal and treatment.
• Licenses patented technology to shred and disinfect biomedical waste, rendering it safe for disposal.
• In March 2022, entered into a ten-year distribution agreement with Sanitec Industries LLC.
• To date, no revenue from SG Environmental.

Company Size & Financials

• Employees:
  • ~5 full-time employees directly employed by the company
  • 26 full-time employees at SG Echo
• Revenue (2024): $4,976,618 (construction segment only)
• Net Loss (2024): $16,979,682
• Gross Accounts Receivable (2024): Due from 3 primary customers, with 83% of revenue in 2024 from 3 customers.
• Stockholders’ Equity (Dec 31, 2024): $(12,460,308) (deficit)

Recent Strategic Developments

• Acquired Echo DCL, LLC in September 2020, expanding manufacturing capabilities.
• Opened a second factory in Durant, Oklahoma, in 2023.
• In March 2023, formed SG Medical to expand into medical testing/treatment.
• Deconsolidated SG DevCorp in 2024 after ownership dropped below 50%, recognized a gain of over $4.6 million from the deconsolidation.
• Entered merger agreements, including a merger with NAHD, and a proposed merger with Olenox Corp. to improve Nasdaq compliance.
• Continues efforts to maintain Nasdaq listing, with recent evidence of compliance.

Key Risks Highlighted

• Dependence on a limited number of customers and vendors.
• Lack of revenue from SG Medical and SG Environmental segments.
• Significant net losses and ongoing cash shortfalls.
• Need for additional capital to fund operations.
• Heavy reliance on third-party supply chain and logistics.
• Risks related to regulatory compliance, natural disasters, cybersecurity threats, and stock market volatility.

This summarizes Safe & Green Holdings Corp.'s core business activities, current operational scope, financial status, number of customers, employees, and recent strategic activities based solely on the provided documentation.