Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

v2.4.0.8
SEGMENT INFORMATION AND MAJOR CUSTOMERS
 9 Months Ended
Sep. 30, 2013
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
  TCC Rail Car Cleaning
  MV Environmental Solutions
  PWS Solid Waste
                                     
BeneFuels is not currently operating but when operations commence would be part of the Environmental Solutions segment.
 
The composition of our reportable segments is consistent with that used by our chief operating decision maker to evaluate performance and allocate resources.  All of our operations are located in the U.S.  We have allocated corporate selling, general and administrative expenses, interest expense, depreciation and amortization and stock-based compensation to the segments based on a percentage of a segment’s revenue to total consolidated revenue.  All intercompany transactions have been eliminated.
 
Segment information for the three months ended September 30, 2013 and 2012 is as follows:
 
2013
  
Industrial
    
Railcar
    
Environmental
    
Solid
              
   
Cleaning
    
Cleaning
    
Solutions
    
Waste
    
Corporate
    
Total
  
                                     
Revenue
   $ 1,807,500     $ 709,800     $ 581,200       —       —     $ 3,098,500  
Depreciation and amortization (1)
   $ 56,000     $ 5,100     $ 32,100       —     $ 2,500     $ 95,700  
Interest expense
   $ 21,800     $ 8,700     $ 2,100       —     $ 2,000     $ 34,600  
Stock-based compensation
     —       —       —       —     $ 76,600     $ 76,600  
Net income (loss)
   $ 203,600     $ 114,400     $ 45,300     $ (113,400 )   $ (372,600 )   $ (122,700 )
Capital expenditures (cash and  noncash)
  $ 123,500       —     $ 4,700     $ 29,800       —     $ 158,000  
Total assets
   $ 1,911,800     $ 565,600     $ 881,600     $ 165,400     $ 86,300     $ 3,610,700  
 
2012
  
Industrial
    
Railcar
    
Environmental
    
Solid
              
   
Cleaning
    
Cleaning
    
Solutions
    
Waste
    
Corporate
    
Total
  
                                     
Revenue
   $ 985,100     $ 750,800     $ 429,000       —       —     $ 2,164,900  
Depreciation and amortization (1)
   $ 8,000     $ 41,500     $ 28,600       —     $ 2,500     $ 80,600  
Interest expense
   $ 21,600     $ 9,700     $ 2,800       —     $ 99,000     $ 133,100  
Stock-based compensation
     —       —       —       —     $ 111,900     $ 111,900  
Net income (loss)
   $ 43,700     $ 170,700     $ 0     $ (212,400 )   $ (462,600 )   $ (460,600 )
Capital expenditures (cash and noncash)
   $ 5,000       —     $ 14,200       —       —     $ 19,200  
Total assets
   $ 1,455,400     $ 559,600     $ 958,800     $ 600     $ 112,000     $ 3,086,400  
(1)
Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles
 
Segment information for the nine months ended September 30, 2013 and 2012 is as follows:
 
2013
  
Industrial
    
Railcar
    
Environmental
    
Solid
              
   
Cleaning
    
Cleaning
    
Solutions
    
Waste
    
Corporate
    
Total
  
                                     
Revenue
   $ 4,152,300     $ 1,802,000     $ 2,543,300       —       —     $ 8,497,600  
Depreciation and amortization (1)
   $ 156,800     $ 16,200     $ 95,300       —     $ 7,500     $ 275,800  
Interest expense
   $ 39,000     $ 27,800     $ 7,100       —     $ 14,000     $ 87,900  
Stock-based compensation
     —       —       —       —     $ 87,600     $ 87,600  
Net income (loss)
   $ 381,600     $ 230,700     $ 336,100     $ (362,000 )   $ (1,012,400 )   $ (426,000 )
Capital expenditures (cash and  noncash)
  $ 498,800       —     $ 13,400     $ 131,700       —     $ 643,900  
Total assets
   $ 1,911,800     $ 565,600     $ 881,600     $ 165,400     $ 86,300     $ 3,610,700  
 
2012
  
Industrial
    
Railcar
    
Environmental
    
Solid
              
   
Cleaning
    
Cleaning
    
Solutions
    
Waste
    
Corporate
    
Total
  
                                     
Revenue
   $ 2,028,100     $ 1,747,300     $ 977,500       —       —     $ 4,752,900  
Depreciation and amortization (1)
   $ 130,100     $ 22,700     $ 86,800       —     $ 7,500     $ 247,100  
Interest expense
   $ 98,900     $ 39,500     $ 7,600       —     $ 124,300     $ 270,300  
Stock-based compensation
     —       —       —       —     $ 581,100     $ 581,100  
Net income (loss)
   $ (146,700 )   $ 283,000     $ (120,700 )   $ (222,500 )   $ (1,089,500 )   $ (1,296,400 )
Capital expenditures (cash and noncash)
   $ 6,300     $ 122,900     $ 58,300       —       —     $ 187,500  
Total assets
   $ 1,455,400     $ 559,600     $ 958,800     $ 600     $ 112,000     $ 3,086,400  
(1)      Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles