Good day and welcome to SG Blocks' First Quarter 2020 Earnings Conference Call and Webcast. Today's conference call is being recorded. At this time, I would like to turn the conference over to James Carbonara of Hayden IR. Please go ahead.

Thank you and good afternoon. Thank you all for joining us for SG Blocks’ first quarter 2020 earnings call. Your host today is Mr. Paul Galvin, Chief Executive Officer. A press release detailing these results was issued this afternoon just after the market close and is available on the company's website sgblocks.com. Before I turn the call over to management, please remember that certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts contained in this presentation, including statements regarding the company's future operations and financial position, business strategy and plans and objectives of management for future operations are forward-looking statements. In some cases, forward-looking statements can be identified by terminologies such as believes, may, estimates, continue, anticipates, intends, should, plan, expects, predict, potential or the negative of these terms or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, and assumptions described, including those set forth in our filings with the Securities and Exchange Commission, which are available at www.sec.gov.You should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur. Finally, this conference call is being webcast. The webcast is available in the Investor Relations section of our website at sgblocks.com. With that, I will now turn the call over to Chief Executive Officer, Paul Galvin, for his prepared comments. Paul, please go ahead.

Thank you, James, and welcome to the SG Blocks’ first quarter 2020 financial results conference call. SG Blocks had a most productive first quarter of 2020 accelerating the repositioning of the company, expanding our products and addressable markets, and executing a distribution agreement with South Korean medical giant, OSANG Healthcare for the distribution of their stellar diagnostic products including its PCR GeneFinder COVID-19 test. Additionally, subsequent to the quarter, SG Blocks completed a $15 million public offering of 6 million shares of common stock, before deducting underwriter discounts and commissions and other expenses related to the offering, putting the company on firm footing and allowing to attract and engage the type of talent needed to maximize our potential as a company. We are happy to report progress across our platform, but in particular some noteworthy updates. One, Monticello Mews, a 302 unit six storey apartment complex being delivered by licensee SG Residential is set to break ground during this quarter. This culminates the lengthy pre-construction process and commences the company's royalty stream. As importantly, we have established the processes and systems for other large multi-family projects. Two, there has been significant progress in Puerto Rico for the company. When the lockdown is lifted, SG residential will commence the completion of 55 concrete shells, which are subject to the company's royalty licensing agreement. SG Residential’s first new build project will be 128 three bedroom homes in Guayama, Puerto Rico. Our licensee is bringing to market in Puerto Rico a new product subject to royalty payment, the Office Box. This single container solution is designed to allow businesses and entrepreneurs to have access to functional workspace, which is in high demand. Three, the company commenced construction on two mobile medical testing units for a point-of-care medical provider. SG Blocks believes it has…

The conference has now concluded. Thank you for attending today's presentation. You may now disconnect. End of Q&A: