Annual report pursuant to Section 13 and 15(d)

Segment Information and Major Segment Customers

v3.21.1
Segment Information and Major Segment Customers
12 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
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.