Safe & Green Holdings Corp 2024年度报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSIONWASHINGTON,D.C.20549 FORM10-K ☐ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2024 OR TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Forthetransitionperiodfromto Commissionfilenumber:001-38037 SAFE&GREENHOLDINGSCORP. (Exactnameofregistrantasspecifiedinitscharter) Delaware95-4463937 (Stateorotherjurisdictionof(I.R.S.Employer incorporationororganization)IdentificationNo.) 990BiscayneBlvd.,#501,Office12,Miami,Florida33132 (Addressofprincipalexecutiveoffices)(ZipCode) (646)240-4235 (Registrant’stelephonenumber,includingareacode)SecuritiesregisteredpursuanttoSection12(b)oftheAct: TitleofeachclassTradingSymbol(s) Nameofeachexchangeonwhichregistered CommonStock,parvalue$0.01pershareSGBXTheNasdaqStockMarketLLC Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.YesNo IndicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheAct.YesNo Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySection13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.YesNo IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).YesNo Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,asmallerreportingcompanyoranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”“smallerreportingcompany”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler ☐Acceleratedfiler ☐ Non-acceleratedfiler ☐Smallerreportingcompany ☐ Emerginggrowthcompany ☐ Ifanemerginggrowthcompany,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandardsprovidedpursuanttoSection13(a)oftheExchangeAct. Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☐ IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).☐ Indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheAct). YesNo Theaggregatemarketvalueofthecommonstockheldbynon-affiliatesoftheregistrantbasedontheclosingpriceofthesharesofcommonstockontheNasdaqCapitalMarketonJune30,2024wasapproximately $4,816,024. AsofMarch28,2025,theregistranthadatotalof6,389,041sharesofcommonstockoutstanding. DOCUMENTSINCORPORATEDBYREFERENCE None SAFE&GREENHOLDINGSCORP.FORM10-K TABLEOFCONTENTS PARTI 1 Item1. Business. 3 Item1A. RiskFactors. 11 Item1B. UnresolvedStaffComments. 27 Item1C. Cybersecurity 27 Item2. Properties. 28 Item3. LegalProceedings. 28 Item4. MineSafetyDisclosures. 28 PARTII 29 Item5.MarketforRegistrant’sCommonEquity,RelatedStockholderMattersandIssuer29 PurchasesofEquitySecurities. Item6. Reserved 30 Item7. Management’sDiscussionandAnalysisofFinancialConditionandResultsofOperations. 31 Item7A. QuantitativeandQualitativeDisclosuresAboutMarketRisk. 40 Item8. FinancialStatementsandSupplementaryData. 40 Item9. ChangesinandDisagreementswithAccountantsonAccountingandFinancialDisclosure. 41 Item9A. ControlsandProcedures. 41 Item9B. OtherInformation 41 Item9C. DisclosureRegardingForeignJurisdictionsthatPreventInspections 29 PARTIII 42 Item10. Directors,ExecutiveOfficersandCorporateGovernance. 42 Item11. ExecutiveCompensation. 48 Item12.SecurityOwnershipofCertainBeneficialOwnersandManagementandRelated55 StockholderMatters. Item13. CertainRelationshipsandRelatedTransactions,andDirectorIndependence. 57 Item14. PrincipalAccountantFeesandServices. 61 PARTIV 62 Item15. ExhibitandFinancialStatementSchedules. 62 Item16. Form10-KSummary. 63 SIGNATURES 73 Page PARTI FORWARD-LOOKINGSTATEMENTS ThisAnnualReportonForm10-K(the“AnnualReport”)contains“forward-lookingstatements”thatinvolverisksanduncertainties.Ouractualresultscoulddiffermateriallyfromthosediscussedintheforward-lookingstatements.ThestatementscontainedinthisAnnualReportthatarenotpurelyhistoricalareforward-lookingstatementswithinthemeaningofSection27AoftheSecuritiesActof1933,asamended,orthe“Secur