Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

v2.4.0.8
SEGMENT INFORMATION AND MAJOR CUSTOMERS
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
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 June 30, 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 June 30, 2014 and 2013 is as follows:

 

2014   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 2,546,000     $ 589,600     $ 1,061,400     $ 78,700       —       $ 4,275,700  
Depreciation and amortization (1)     59,200       5,300       34,400       16,900       7,700       123,500  
Interest expense     9,700       3,900       1,000       200       4,300       19,100  
Stock-based compensation     —         —         —         —         36,700       36,700  
Net income (loss)     897,600       (20,200 )     70,300       (208,900 )     (372,000 )     366,800  
Capital expenditures (cash and noncash)     8,900       4,000       24,000       1,492,600       4,400       1,533,900  
Total assets   $ 2,004,800     $ 580,000     $ 1,760,500     $ 2,879,800     $ 1,744,600     $ 8,969,700  

 

 2013   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 1,226,600     $ 543,000     $ 1,159,300       —         —       $ 2,928,900  
Depreciation and amortization (1)     53,700       5,300       31,700       —         2,500       93,200  
Interest expense     13,900       9,400       2,300       —         3,800       29,400  
Stock-based compensation     —         —         —         —         5,500       5,500  
Net income (loss)     155,900       41,000       171,300       (168,300 )     (263,200 )     (63,300 )
Capital expenditures (cash and noncash)     61,000       —         800       —         —         61,800  
Total assets   $ 1,593,200     $ 575,800     $ 1,228,300     $ 139,700     $ 99,900     $ 3,636,900  
                                                 
(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles
     

 

Segment information for the six months ended June 30, 2014 and 2013 is as follows:

 

2014   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 4,203,600     $ 1,195,000     $ 1,581,400     $ 78,700     $ —       $ 7,058,700  
Depreciation and amortization (1)     107,900       10,400       67,800       17,200       13,300       216,600  
Interest expense     20,300       11,800       2,700       400       7,500       42,700  
Stock-based compensation     —         —         —         —         135,000       135,000  
Net income (loss)     1,115,300       11,500       (48,300 )     (356,700 )     (1,458,300 )     (736,500 )
Capital expenditures (cash and noncash)     36,000       4,000       79,700       2,132,500       66,600       2,318,800  
Total assets   $ 2,004,800     $ 580,000     $ 1,760,500     $ 2,879,800     $ 1,744,600     $ 8,969,700  

 

 2013   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 2,344,700     $ 1,092,200     $ 2,060,900       —         —       $ 5,497,800  
Depreciation and amortization (1)     100,800       11,200       63,100               5,000       180,100  
Interest expense     21,700       19,100       4,900       —         7,600       53,300  
Stock-based compensation     —         —         —         —         11,000       11,000  
Net income (loss)     178,000       116,400       290,800       (248,600 )     (639,800 )     (303,200 )
Capital expenditures (cash and noncash)     211,900       —         41,700       —         —         253,600  
Total assets   $ 1,593,200     $ 575,800     $ 1,228,300     $ 139,700     $ 99,900     $ 3,636,900  
                                                 

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