7 unchanged sentences
If we are not successful in our efforts to increase sales or raise capital, we could experience a shortfall in cash over the next twelve months, and our ability to obtain additional financing on acceptable terms, if at all, may be limited.
−Removed: At September 30, 2022 and December 31, 2021, we had cash and cash equivalents and a short-term investment, collectively, of $2,118,169 and $ 13,024,381 respectively.
−Removed: However, during the nine months ended September 30, 2022 and year ended December 31, 2021, we reported a net loss attributable to common stockholders of SG Blocks, Inc.
+Added: At March 31, 2023 and December 31, 2022, we had cash and cash equivalents and a short-term investment, collectively, of $ 1,452,501 and $ 582,776 respectively.
+Added: However, during the three months ended March 31, 2023 and year ended December 31, 2022, we reported a net loss attributable to common stockholders of Safe & Green Holdings Corp.
of $3,519,440 and $ 7,089,242 , respectively, and used $1,378,689 and $5,630,614 of cash for operations, respectively.
13 unchanged sentences
A few customers have in the past, and may in the future, account for a significant portion of our revenues in any one year or over a period of several consecutive years.
−Removed: For example, for the nine months ended September 30, 2022 approximately 93% of our revenue was generated from three customers and for the year ended December 31, 2021, approximately 80% of our revenue was generated from one customer.
+Added: For example, for the three months ended March 31, 2023 approximately 95% of our revenue was generated from one customer and for the year ended December 31, 2022, approximately 65% of our revenue was generated from three customers.
Although we have contractual relationships with many of our significant customers, our customers may unilaterally reduce or discontinue their contracts with us at any time.
6 unchanged sentences
Any negative impacts to our business or liquidity could adversely impact our ability to establish or maintain these relationships.
−Removed: For the nine months ended September 30, 2022 and 2021, cost of revenue relating to one and three vendors represented approximately 0% and 48% of the Company's total cost of revenue, respectively.
+Added: For the three months ended March 31, 2023 and 2022, cost of revenue relating to one and three vendors represented approximately 0% and 10% of the Company's total cost of revenue, respectively.
Our clients may adjust, cancel or suspend the contracts in our backlog;
4 unchanged sentences
We include in backlog only those contracts for which we have reasonable assurance that the customer can obtain the permits for construction and can fund the construction.
−Removed: As of December 31, 2021, our backlog totaled approximately $3.2 million and as of September 30, 2022, our backlog totaled approximately $2.6 million.
−Removed: Our backlog is described more in detail in “Note 11—Construction Backlog” of the notes to our consolidated financial statements included elsewhere in this Quarterly Report.
+Added: As of December 31, 2022, our backlog totaled approximately $6.8 million and as of March 31, 2023, our backlog totaled approximately $1.3 million.
+Added: Our backlog is described more in detail in “Note 11—Construction Backlog” of the notes to our consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
We cannot provide assurance that our backlog will be realized as revenues in the amounts reported or, if realized, will result in profits.
8 unchanged sentences
The issuance of shares of our common stock upon the exercise of outstanding options, warrants and restricted stock units may dilute the percentage ownership of the then-existing stockholders and may make it more difficult to raise additional equity capital.
−Removed: At September 30, 2022, there were restricted stock units, options and warrants to purchase of 757,450, 36,436 and 2,025,520, respectively, outstanding that could potentially dilute future net income per share.
−Removed: Because we had a net loss as of September 30, 2022 , we are prohibited from including potential shares of common stock in the computation of diluted per share amounts.
+Added: At March 31, 2023, there were restricted stock units, options and warrants to purchase of 1,190,935, 36,436 and 2,025,520, respectively, outstanding that could potentially dilute future net income per share.
+Added: Because we had a net loss as of March 31, 2023, we are prohibited from including potential shares of common stock in the computation of diluted per share amounts.
Accordingly, we used the same number of shares outstanding to calculate both the basic and diluted loss per share.
−Removed: At September 30, 2021 , there were options, including options to non-employees and non-directors, restricted stock units and warrants to purchase 36,436, 884,343 and 126,890 shares of common stock, respectively, outstanding that could potentially dilute future net income per share.
+Added: At March 31, 2022, there were options, including options to non-employees and non-directors, restricted stock units and warrants to purchase 36,436, 2,245,186 and 2,025,520 shares of common stock, respectively, outstanding that could potentially dilute future net income per share.
We may not have an adequate number of shares of common stock authorized to enable us to complete future equity financing transactions or strategic transactions, which may adversely affect our ability to grow and develop.
−Removed: We are authorized to issue 25,000,000 shares of Common Stock, of which approximately 12,050,206 shares of Common Stock were issued and outstanding as September 30, 2022.
−Removed: At September 30, 2022, 2,281,623 million common shares were reserved for issuance of shares upon exercise of outstanding options or reserved for future issuance of common shares under our equity incentive plans.
+Added: We are authorized to issue 25,000,000 shares of common stock, of which approximately 14,302,587 shares of common stock were issued and outstanding as May 11, 2023.
+Added: At March 31, 2023, 2,281,623 million common shares were reserved for issuance of shares upon exercise of outstanding options or reserved for future issuance of common shares under our equity incentive plans.
If all of these securities were exercised it would leave approximately 8,415,790 million authorized but unissued shares of common stock.
20 unchanged sentences
● the impact of each of the foregoing on outsourcing and procurement arrangements.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Defaults Upon Senior Securities
+Added: Mine Safety Disclosures
+Added: Not applicable.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.