Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue:    
Total revenue $ 8,216,900 $ 8,428,000
Operating expenses:    
Selling, General and administrative expenses 1,717,700 2,521,500
Salaries and related expenses 2,006,600 2,238,400
Loss on settlement   254,900
Other asset impairment   322,000
Fixed asset impairment 70,700 354,000
Total operating expenses 9,969,000 13,195,700
Loss from operations (1,752,100) (4,767,700)
Other income (expense):    
Interest income 39,400  
Interest expense (1,459,700) (1,425,600)
Other 37,500 59,700
Total non-operating expense, net (1,382,800) (1,365,900)
Net loss from continuing operations (3,134,900) [1] (6,133,600)
Net income from discontinued operations 41,000 694,300
Gain recognized on sale of rail operations   2,695,300
Discontinued operations, net of tax 41,000 3,389,600
Loss before earnings from equity method joint ventures (3,093,900) (2,744,000)
Income from equity method joint ventures  
Net Loss (3,093,900) (2,744,000)
Less: Loss attributable to non-controlling interest (160,300) (545,400)
Net loss attributable to SEER common stockholders $ (2,933,600) $ (2,198,600)
Net loss per share from continuing operations $ (.05) $ (.11)
Discontinued operations [2] 0.01
Net loss per share, basic and diluted (in dollars per share) $ (.05) $ (.10)
Weighted average shares outstanding - basic and diluted (in shares) 59,237,822 55,264,804
Product [Member]    
Revenue:    
Total revenue $ 4,900,900 $ 5,256,300
Operating expenses:    
Costs 2,969,100 3,636,100
Service [Member]    
Revenue:    
Total revenue 2,946,800 2,254,200
Operating expenses:    
Costs 3,126,900 2,718,100
Solid Waste Disposal [Member]    
Revenue:    
Total revenue 369,200 917,500
Operating expenses:    
Costs $ 78,000 $ 1,150,700
[1] Excludes discontinued operations
[2] less than $0.01