OLOXHIGH SIGNALFINANCIAL10-K

OLOX experienced a dramatic revenue contraction alongside substantial reductions in asset base and operating scale, indicating severe business deterioration.

The company's revenue declined substantially while maintaining negative gross margins, suggesting fundamental operational challenges persist despite downsizing efforts. The sharp reduction in current assets combined with outstanding debt obligations raises questions about liquidity and business continuity.

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

OLOX's financial position deteriorated markedly with revenue falling substantially to $5.0M while gross profit remained negative at -$244K, indicating the company still loses money on each dollar of sales. Total assets contracted significantly from $17.2M to $6.1M, while current assets fell dramatically from $5.3M to $1.2M, suggesting substantial downsizing or asset liquidation. Despite some debt reduction to $6.8M and improved operating losses, the company's fundamental challenge of generating positive margins on its core business remains unresolved.

FINANCIAL STATEMENT CHANGES
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.

Operating Income
P&L
+60.8%
-$24.8M→-$9.7M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Accounts Receivable
Balance Sheet
-42.3%
$183K→$105K

Receivables declined — improved collection efficiency or conservative revenue recognition.

Total Debt
Balance Sheet
-37.5%
$10.9M→$6.8M

Debt reduced 37.5% — deleveraging strengthens balance sheet and reduces financial risk.

Net Income
P&L
+35.4%
-$26.3M→-$17.0M

Net income grew 35.4% — bottom-line growth signals improving overall business health.

Current Liabilities
Balance Sheet
-32.8%
$20.5M→$13.8M

Current liabilities reduced — improved short-term financial position and working capital health.

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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