OLOXHIGH SIGNALFINANCIAL10-K

OLOX shows severe financial distress with stockholders' equity turning negative $7.5M, revenue collapsing 70%, and interest expenses surging 676%.

The company has moved from positive equity of $14.8M to negative $7.5M, indicating potential insolvency and significant dilution or losses. The massive increase in interest expense from $336K to $2.6M suggests heavy borrowing or restructured debt terms, while the 70% revenue decline indicates severe operational challenges.

Comparing 2025-04-01 vs 2024-05-07View on EDGAR →
FINANCIAL ANALYSIS

OLOX experienced a catastrophic financial deterioration with revenue plummeting from $16.5M to $5.0M (-70%) while interest expenses exploded from $336K to $2.6M (+676%). The balance sheet contracted dramatically with total assets falling 65% to $6.1M and stockholders' equity turning deeply negative at -$7.5M from a positive $14.8M, signaling potential insolvency. Despite some improvement in gross profit margins and a temporary cash increase, the overall picture reveals a company in severe financial distress facing potential bankruptcy or major restructuring.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
+2054.2%
$17K→$376K

Cash position surged 2054.2% — strong cash generation or capital raise providing significant financial cushion.

Interest Expense
P&L
+675.8%
$336K→$2.6M

Interest expense surged 675.8% — significant debt increase or rising rates materially impacting earnings.

Inventory
Balance Sheet
+201.2%
$157K→$471K

Inventory surged 201.2% — growing significantly faster than typical sales pace; potential demand softening or supply chain overcorrection.

Provision for Credit Losses
P&L
+150.9%
-$71K→$36K

Credit loss provisions surged 150.9% — management flagging significant deterioration in loan quality ahead.

Stockholders Equity
Balance Sheet
-150.3%
$14.8M→-$7.5M

Equity declined sharply — large losses, buybacks, or write-downs reducing book value significantly.

Gross Profit
P&L
+90.5%
-$2.6M→-$244K

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Capital Expenditure
Cash Flow
-85.1%
$607K→$90K

Capex reduced 85.1% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Current Assets
Balance Sheet
-78.3%
$5.3M→$1.2M

Current assets declined 78.3% — monitor working capital adequacy and short-term liquidity.

Revenue
P&L
-69.9%
$16.5M→$5.0M

Revenue declined 69.9% — significant demand weakness or market share loss warrants investigation.

Total Assets
Balance Sheet
-64.7%
$17.2M→$6.1M

Total assets contracted 64.7% — asset sales, write-downs, or balance sheet optimization underway.

LANGUAGE CHANGES
NEW — 2025-04-01
PRIOR — 2024-05-07
ADDED
sgbx-20241231.htm 0 0 0 true true true true 5 60 no 6.6 true true false false false false two year no 0001023994 false --12-31 FY 2024 2037-12-31 The event that the Agreement was earlier terminated, CMC was entitled to receive the entire amount of such restricted stock that had vested as of such earlier termination date, but in no event less than 1,250 shares of such restricted stock.
As of March 28, 2025 , the registrant had a total of 6,389,041 shares of common stock outstanding .
63 SIGNATURES 73 PART I FORWARD -LOOKING STATEMENTS This Annual Report on Form 10-K (the Annual Report ) contains forward-looking statements that involve risks and uncertainties.
Company Overview We operate in the following four segments: (i) construction; (ii) medical; (ii) real estate development; and (iv) environmental.
The construction segment designs and constructs modular structures built in our factories using raw materials that are Made-in-America.
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REMOVED
sgbx-20231231.htm two year http://fasb.org/us-gaap/2023#FinanceLeaseLiability two year 6 The event that the Agreement was earlier terminated, CMC was entitled to receive the entire amount of such restricted stock that had vested as of such earlier termination date, but in no event less than 1,250 shares of such restricted stock.
2037-12-31 2023 FY --12-31 false 0001023994 no twelve month two year occurrence of an Event of Default (as defined in the Secured Promissory Note), the default interest rate will be 28% per annum, or the maximum legal amount provided by law, whichever is greater.
based on the closing price of the shares of common stock on the Nasdaq Capital Market on June 30, 2023 was approximately $ 13,886,538 .
As of May 2 , 2024 , the issuer had a total of 1,218,081 shares of common stock outstanding and 74 record holders (as adjusted to effect a 1 -for- 20 reverse stock split on May 2,2024.) On May 1, 2024 the issuer had a total of 24,361,542 shares outstanding.
72 SIGNATURES 80 PART I FORWARD -LOOKING STATEMENTS This Annual Report on Form 10-K (the Annual Report ) contains forward-looking statements that involve risks and uncertainties.
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