Quarterly report pursuant to Section 13 or 15(d)

Segment Information and Major Customers

v3.20.2
Segment Information and Major Customers
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2020 and 2019 is as follows:

 

Three Months ended

 

    Discontinued     Environmental     Solid              
2020   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $             -     $ 734,300     $ 58,300     $ -     $ 792,600  
Depreciation and amortization (1)     -       15,400       9,700       12,800       37,900  
Interest expense     -       12,300       -       188,500       200,800  
Stock-based compensation     -       -       -       1,200       1,200  
Net income (loss)     -       (84,400 )     (61,900 )     (454,900 )     (601,200 )
Capital expenditures (cash and noncash)     -       45,200       -       -       45,200  
Total assets   $ -     $ 2,031,900     $ 297,400     $ 569,300     $ 2,898,600  

 

    Discontinued     Environmental     Solid              
2019   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $ 505,200     $ 890,600     $ 65,300     $ -     $ 1,461,100  
Depreciation and amortization (1)     37,800       10,500       10,800       22,900       82,000  
Interest expense     9,500       1,800       -       101,100       112,400  
Stock-based compensation     -       -       -       400       400  
Net income (loss)     (479,000 )     139,100       (84,900 )     (527,000 )     (951,800 )
Capital expenditures (cash and noncash)     6,900       -       -       42,700       49,600  
Total assets   $ 665,000     $ 1,143,400     $ 344,200     $ 864,900     $ 3,017,500  

 

Six months ended                              
                               
    Discontinued     Environmental     Solid              
2020   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $              -     $ 1,500,100     $ 116,500     $ -     $ 1,616,600  
Depreciation and amortization (1)     -       27,300       19,400       27,200       73,900  
Interest expense     -       25,400       -       369,400       394,800  
Stock-based compensation     -       -       -       9,500       9,500  
Net income (loss)     -       (131,100 )     (132,900 )     (990,600 )     (1,254,600 )
Capital expenditures (cash and noncash)     -       64,500       -       -       64,500  
Total assets   $ -     $ 2,031,900     $ 297,400     $ 569,300     $ 2,898,600  

 

    Discontinued     Environmental     Solid              
2019   Operations     Solutions     Waste     Corporate     Total  
                               
Revenue   $ 725,400       $ 1,980,700       $ 147,400       $ -   $ 2,853,500  
Depreciation and amortization (1)     88,700       23,900       38,600       43,200       194,400  
Interest expense     20,200       3,700       1,600       236,700       262,200  
Stock-based compensation     -       -       -       900       900  
Net income (loss)     (815,700 )     359,100       (146,400 )     (899,400 )     (1,502,400 )
Capital expenditures (cash and noncash)     6,900       -       -       57,600       64,500  
Total assets   $ 665,000     $ 1,143,400     $ 344,200     $ 864,900     $ 3,017,500  

 

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