Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

v3.7.0.1
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

NOTE 15 - SEGMENT INFORMATION AND MAJOR CUSTOMERS

The Company currently has identified four segments as follows:

REGS Industrial Cleaning
Tactical Rail Car Cleaning
MV and SEM Environmental Solutions
PWS Solid Waste

Reach has had minimal operations through March 31, 2017.

The composition of our reportable segments is consistent with that used by our Chief Operating Decision Maker (“CODM”) to evaluate performance and allocate resources. All of our operations are located in the U.S. We have not allocated corporate selling, general and administrative expenses, and stock-based compensation to the segments. All intercompany transactions have been eliminated.

Segment information for the three months ended March 31, 2017 and 2016 is as follows:

 

2017   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
Revenue   $ 1,411,100     $ 1,024,900     $ 1,689,000     $ 69,300     $ —       $ 4,194,300  
Depreciation and amortization (1)     83,000       10,400       40,700       32,800       25,000       191,900  
Interest expense     6,300       200       4,800       100       415,600       427,000  
Stock-based compensation     —         —         —         —         17,000       17,000  
Net income (loss)     123,800       207,600       217,400       (111,300 )     (806,200 )     (368,700 )
Capital expenditures (cash and
noncash)
    —         —         1,320       —         —         1,320  
Total assets   $ 1,576,700     $ 687,500     $ 2,149,000     $ 1,795,100     $ 671,900     $ 6,880,200  

 

2016   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
Revenue   $ 1,984,900     $ 875,200     $ 572,800     $ 71,600     $ —       $ 3,504,500  
Depreciation and amortization (1)     87,700       10,800       40,100       33,300       22,400       194,300  
Interest expense     8,000       2,400       6,500       400       30,400       47,700  
Stock-based compensation     —         —         —         —         29,600       29,600  
Net income (loss)     583,000       186,600       (97,200 )     (168,700 )     (456,900 )     46,800  
Capital expenditures (cash and
noncash)
    110,700       13,200       9,000       3,800       —         136,700  
Total assets   $ 2,187,000     $ 746,500     $ 1,717,400     $ 2,967,100     $ 574,300     $ 8,192,300  
(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles