| Segment Information and Major Customers |
NOTE 19 - SEGMENT INFORMATION AND MAJOR SEGMENT
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 services division was discontinued in 2019 and is reported in discontinued operations (See Note 15). The remaining manufacturing division is reported in environmental solutions 2020. |
The composition of our reportable segments is consistent
with that used by our chief decision makers 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 as of December 31, 2020 and 2019
and for the years then ended is as follows:
| |
|
Environmental |
|
|
Solid |
|
|
|
|
|
|
|
| 2020 |
|
Solutions |
|
|
Waste |
|
|
Corporate |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
2,676,500 |
|
|
$ |
236,000 |
|
|
$ |
- |
|
|
$ |
2,912,500 |
|
| Depreciation and amortization (1) |
|
|
74,900 |
|
|
|
34,600 |
|
|
|
50,700 |
|
|
|
160,200 |
|
| Interest expense |
|
|
45,900 |
|
|
|
100 |
|
|
|
867,900 |
|
|
|
913,900 |
|
| Stock-based compensation |
|
|
- |
|
|
|
- |
|
|
|
19,000 |
|
|
|
19,000 |
|
| Net income (loss) |
|
|
(508,600 |
) |
|
|
(248,200 |
) |
|
|
(2,007,300 |
) |
|
|
(2,764,100 |
) |
| Capital expenditures (cash and noncash) |
|
|
131,600 |
|
|
|
- |
|
|
|
- |
|
|
|
131,600 |
|
| Total assets |
|
$ |
1,419,700 |
|
|
$ |
267,800 |
|
|
$ |
529,200 |
|
|
$ |
2,216,700 |
|
| |
|
Environmental |
|
|
Solid |
|
|
|
|
|
|
|
| 2019 |
|
Solutions |
|
|
Waste |
|
|
Corporate |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
4,052,900 |
|
|
$ |
249,900 |
|
|
$ |
- |
|
|
$ |
4,302,800 |
|
| Depreciation and amortization (1) |
|
|
43,300 |
|
|
|
61,400 |
|
|
|
88,200 |
|
|
|
192,900 |
|
| Interest expense |
|
|
11,700 |
|
|
|
1,600 |
|
|
|
539,900 |
|
|
|
553,200 |
|
| Stock-based compensation |
|
|
- |
|
|
|
- |
|
|
|
7,300 |
|
|
|
7,300 |
|
| Net income (loss) |
|
|
903,600 |
|
|
|
(295,100 |
) |
|
|
(1,562,100 |
) |
|
|
(953,600 |
) |
| Capital expenditures (cash and noncash) |
|
|
3,000 |
|
|
|
- |
|
|
|
67,100 |
|
|
|
70,100 |
|
| Total assets (2) |
|
$ |
1,491,900 |
|
|
$ |
330,700 |
|
|
$ |
807,200 |
|
|
$ |
2,629,800 |
|
| (1) |
Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles. |
| |
|
| (2) |
excludes assets of discontinued operations segment of $432,100. |
|