Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

v2.4.0.8
SEGMENT INFORMATION AND MAJOR CUSTOMERS
3 Months Ended
Mar. 31, 2014
Segment Information And Major Customers  
SEGMENT INFORMATION AND MAJOR 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 Reach Environmental Solutions
  PWS Solid Waste

 

Reach has had minimal operations through March 31, 2014.

 

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, 2014 and 2013 is as follows:

 

  Industrial     Railcar     Environmental     Solid              
2014   Cleaning     Cleaning     Solutions     Waste     Corporate     Total  
                                     
Revenue   $ 1,657,600     $ 605,300     $ 520,100                 $ 2,783,000  
Depreciation and amortization (1)   $ 48,700     $ 5,100     $ 33,400     $ 300     $ 5,600     $ 93,100  
Interest expense   $ 10,600     $ 7,900     $ 1,700     $ 200     $ 3,200     $ 23,600  
Stock-based compensation                           $ 648,300     $ 648,700  
Net income (loss)   $ 217,700     $ 31,700     $ (118,700 )   $ (147,800 )   $ (1,086,200 )   $ (1,103,300 )
Capital expenditures (cash and noncash)   $ 27,100     $     $ 55,700     $ 639,900     $ 62,200     $ 784,900  
Total assets   $ 1,679,200     $ 612,100     $ 795,700     $ 1,508,500     $ 2,440,500     $ 7,036,000  

 

  Industrial     Railcar     Environmental     Solid              
2013   Cleaning     Cleaning     Solutions     Waste     Corporate     Total  
                                     
Revenue   $ 1,118,100     $ 549,100     $ 901,600                 $ 2,568,800  
Depreciation and amortization (1)   $ 47,100     $ 5,900     $ 31,400           $ 2,500     $ 86,900  
Interest expense   $ 7,800     $ 9,700     $ 2,600           $ 3,800     $ 23,900  
Stock-based compensation                           $ 5,500     $ 5,500  
Net income (loss)   $ 22,100     $ 75,400     $ 118,900     $ (80,300 )   $ (376,000 )   $ (239,000 )
Capital expenditures (cash and noncash)   $ 150,900     $ 40,900                       $ 191,800  
Total assets   $ 1,580,900     $ 448,700     $ 1,063,700           $ 157,700     $ 3,251,000  
(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles