Quarterly report pursuant to Section 13 or 15(d)

Segment Information and Major Customers

v3.20.1
Segment Information and Major Customers
 3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Segment Information and Major Customers

NOTE 18 – SEGMENT INFORMATION AND MAJOR CUSTOMERS

 

The Company currently has identified two segments as follows:

 

  MV, SEM, PelleChar, REGS in FY20 (1) Environmental Solutions
  PWS Solid Waste

 

  (1) REGS industrial cleaning was discontinued in 2019 and is reported in discontinued operations. REGS in 2020 is reported in environmental solutions.

 

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. The Company has 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, 2020 and 2019 is as follows:

  

    Discontinued     Environmental     Solid              
2020   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $       -     $ 765,800     $ 58,200     $ -     $ 824,000  
Depreciation and amortization (1)     -       11,900       9,700       14,400       36,000  
Interest expense     -       13,100       -       180,900       194,000  
Stock-based compensation     -       -       -       8,300       8,300  
Net income (loss)     -       (46,700 )     (71,000 )     (535,700 )     (653,400 )
Capital expenditures (cash and noncash)     -       19,300       -       -       19,300  
Total assets   $ -     $ 1,849,300     $ 308,300     $ 799,700     $ 2,957,300  

 

    Discontinued     Environmental     Solid              
2019   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $ 220,200     $ 1,090,100     $ 82,100     $ -     $ 1,392,400  
Depreciation and amortization (1)     50,900       13,400       27,800       20,300       112,400  
Interest expense     10,700       1,900       1,600       135,600       149,800  
Stock-based compensation     -       -       -       500       500  
Net income (loss)     (336,700 )     243,500       (60,200 )     (425,500 )     (578,900 )
Capital expenditures (cash and noncash)     -       -       -       15,000       15,000  
Total assets   $ 586,200     $ 1,946,200     $ 380,400     $ 1,213,500     $ 4,126,300  

 

(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles