R
RenX Enterprises Corp.
RENXCIK 0001959023NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthRefuse SystemsDelawareFY ends Dec 31
Period
FY 2025
Revenue
$8.22M
Net Income
$-15.96M
Total Assets
$35.48M
Equity
$4.39M
Shares Out
2.51M
Op. Cash Flow
$-7.27M
Business
Safe & Green Development Corp develops real property and operates businesses that convert organic waste into engineered soil products while maintaining AI and prop‑tech capabilities. It offers green single‑ and multi‑family development projects, engineered soils and mulch products, organic waste collection and logistics services, and AI platforms and conversational assistants for real estate and customer automation. Its operations are organized into real estate development (including joint ventures), upcycling/composting and logistics (Resource Group) and AI/software (Majestic, MyVONIA). The company pursues U.S. markets nationally with concentrated activity in Texas, Florida and Georgia and serves institutions, municipalities, builders and direct buyers through project sales, joint ventures and service contracts.
Summary from filing dated 2025-03-31
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Total revenue | 8 | 207,552 | — | — | |
| Total cost of revenue | 6 | 182,656 | — | — | |
| Gross profit | 2 | 24,896 | — | — | |
| Payroll and related expenses | 3 | 4 | 1 | 1 | |
| General and administrative expenses | 4 | 2 | 2 | 998,717 | |
| Professional and consulting fees | 3 | 963,768 | — | — | |
| Marketing and business development expense | 861,336 | 472,309 | 126,456 | 32,152 | |
| Impairment loss | 965,812 | — | — | — | |
| Bad debt expense | 3 | — | — | — | |
| Total | 15 | 7 | 3 | 2 | |
| Operating loss | −12 | −7 | −3 | −2 | |
| Interest expense | −5 | −3 | −1 | — | |
| Change in fair value of derivative liability | 2 | — | — | — | |
| Impairment of notes receivable | −818,172 | — | — | — | |
| Gain on sale of land | — | 1 | — | — | |
| Interest income | −14,653 | 12,107 | — | — | |
| Other income | 557,103 | 45,128 | 1,218 | — | |
| Total | −4 | −2 | −1 | — | |
| Net loss | −16 | −9 | −4 | −2 | |
| Deemed dividends related to preferred stock B derivative value | −4 | — | — | — | |
| Net loss allocable to common shareholders | −20 | −9 | — | — | |
| Basic (in Dollars per share) | −83.99 | −195.69 | −28.65 | −2,444 | |
| Diluted (in Dollars per share) | −83.99 | −195.69 | −28.65 | −2,444 | |
| Basic (in Shares) | 233,211 | 45,524 | 146,628 | 1,000 | |
| Diluted (in Shares) | 233,211 | 45,524 | 146,628 | 1,000 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-10-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|---|
| Cash | 54,066 | 227,766 | 439,328 | 3,236 | — | |
| Prepaid assets and other current assets | 638,166 | 502,883 | — | 231,989 | 25,040 | |
| Inventory | 1 | — | — | — | — | |
| Accounts receivable, net | 799,068 | — | — | — | — | |
| Notes receivable, net | — | 960,672 | — | — | — | |
| Current assets of discontinued operations | — | 112,849 | — | — | — | |
| Current Assets | 3 | 2 | — | 235,225 | 25,760 | |
| Assets held for sale | — | 4 | — | 4 | 4 | |
| Land | 2 | 807,847 | — | — | — | |
| Property and equipment, net | 12 | 6,045 | — | 3,569 | — | |
| Project development costs and other non-current assets | 91,289 | 96,239 | — | 65,339 | — | |
| Equity-based investments | 828,440 | 4 | — | 4 | 4 | |
| Intangible assets, net | 11 | 1 | — | 22,210 | — | |
| Right of use assets | 290,092 | — | — | — | — | |
| Goodwill | 6 | — | — | — | — | |
| Long-term assets of discontinued operations | — | 958,211 | — | — | — | |
| Total Assets | 35 | 13 | — | 10 | 9 | |
| Accounts payable and accrued expenses | 6 | 1 | — | 601,292 | 255,278 | |
| Due to affiliates | 2 | 399,660 | — | 260,000 | 4 | |
| Short-term notes payable, net | 7 | 8 | — | 7 | 3 | |
| Operating lease liabilities, current | 60,446 | — | — | — | — | |
| Finance lease liabilities, current | 183,359 | — | — | — | — | |
| Derivative liability | 1 | — | — | — | — | |
| Current liabilities of discontinued operations | — | 345,421 | — | — | — | |
| Total Current Liabilities | 22 | 10 | — | 8 | 7 | |
| Long-term notes payable, net | 8 | 1 | — | — | — | |
| Operating lease liabilities | 250,119 | — | — | — | — | |
| Finance lease liabilities | 982,887 | — | — | — | — | |
| Total Liabilities | 31 | 12 | — | 8 | — | |
| Common stock, $0.001 par value, 100,000,000 shares authorized, 946,742 issued and 938,559 outstanding as of December 31, 2025 and 74,344 shares authorized and 60,522 shares, issued and outstanding as of December 31, 2024 | 947 | 74 | — | 510 | 1 | |
| Additional paid-in capital | 37 | 17 | — | 9 | 5 | |
| Treasury stock, at cost 8,183 and 13,821 shares at December 31, 2025 and December 31, 2024, respectively | — | — | — | — | — | |
| Accumulated deficit | −32 | −16 | — | −7 | −3 | |
| Non-controlling interest | — | 231,562 | — | — | — | |
| Total Stockholders Equity | 4 | 853,178 | — | 2 | 2 | |
| Total Liabilities and Stockholders Equity | 35 | 13 | — | 10 | 9 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Net loss from discontinued operations | — | — | — | — | |
| Net loss from continuing operations | −16 | −9 | — | — | |
| Debt forgiveness income | −346,671 | — | — | — | |
| Depreciation | 1 | 1,012 | 236 | — | |
| Amortization of intangible assets | 646,413 | 2,221 | — | — | |
| Amortization of debt issuance costs | 2 | 2 | — | — | |
| Stock based compensation | 177,011 | 2 | — | — | |
| Amortization of right of use asset | 29,375 | — | — | — | |
| Common stock for debt discount and commitment fees | — | 1 | 684,438 | — | |
| Common stock for services | 346,508 | 297,871 | — | — | |
| Accounts receivable | 128,740 | — | — | — | |
| Inventory | −128,940 | — | — | — | |
| Prepaid asset and other current assets | −87,931 | 729,106 | −206,949 | −25,040 | |
| Notes receivable | 142,500 | — | — | — | |
| Due to affiliates | 303,753 | 139,660 | — | — | |
| Accounts payable and accrued expenses | 2 | 686,248 | 346,016 | 125,089 | |
| Operating lease liabilities | −29,202 | — | — | — | |
| Net cash used in operating activities | −7 | −3 | — | — | |
| Cash from or used in asset acquisitions | 309,557 | −153,593 | — | — | |
| Intangible assets | −7,779 | −293,593 | −22,210 | — | |
| Purchase of property and equipment | −4 | −3,488 | −3,805 | — | |
| Proceeds from sale of land | — | 403,738 | — | — | |
| Joint venture activity | — | 317,500 | — | — | |
| Additions to equity-based investments | −210,833 | — | — | — | |
| Additions to project development costs | 4,950 | −30,900 | — | — | |
| Net cash used in (provided by) investing activities | −4 | 239,664 | — | — | |
| Debt issuance costs paid | −904,573 | −3 | — | — | |
| Payments on finance lease | −111,560 | — | — | — | |
| Cash paid from split | −68 | — | — | — | |
| Proceeds from short-term notes payable, net of debt issuance costs | 11 | 7 | 7 | — | |
| Repayment of short-term note payable | −9 | −2 | — | — | |
| Make whole payment | −33,358 | — | — | — | |
| Cash received from issuance of preferred and common stock | 9 | 750,719 | — | — | |
| Cash received for warrant exercise | 233,414 | 11,584 | — | — | |
| Net cash provided by financing activities | 10 | 3 | — | — | |
| Net change in cash from continuing operations | −581,841 | 950,168 | — | — | |
| Cash provided by (used in) operating activities | 237,507 | −112,849 | — | — | |
| Cash provided by (used in) investing activities | 177,989 | −950,856 | — | — | |
| Cash (used in) provided by financing activities | −7,355 | 338,067 | — | — | |
| Net cash provided by (used in) discontinued operations | 408,141 | −725,638 | — | — | |
| Prepaid interest held back from proceeds from short-term notes payable | — | 1 | 675,000 | — | |
| Recognition of derivative liability | 4 | — | — | — | |
| Forgiveness of due from affiliate | 821,624 | — | 2 | — | |
| Conversion of notes payable | 3 | 3 | — | — | |
| Issuance of stock for debt issuance | 413,239 | — | — | — | |
| Pre-funded warrants | 83 | — | — | — | |
| Issuance of stock for prior debt issuance | 44 | — | — | — |
Filings
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