| Segment Information and Major Customers |
NOTE 17 – SEGMENT INFORMATION AND MAJOR CUSTOMERS
The Company currently has identified two segments
as follows:
| |
MV, SEM, PelleChar, REGS |
Environmental Solutions |
| |
PWS |
Solid Waste |
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 for the three and three months
ended March 31, 2021 and 2020 is as follows:
Three Months ended
| 2021 |
|
Environmental |
|
|
Solid |
|
|
|
|
|
|
|
| |
|
Solutions |
|
|
Waste |
|
|
Corporate |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
863,200 |
|
|
$ |
58,200 |
|
|
$ |
- |
|
|
$ |
921,400 |
|
| Depreciation and amortization (1) |
|
|
17,200 |
|
|
|
8,500 |
|
|
|
8,900 |
|
|
|
34,600 |
|
| Interest expense |
|
|
9,700 |
|
|
|
- |
|
|
|
192,800 |
|
|
|
202,500 |
|
| Stock-based compensation |
|
|
- |
|
|
|
- |
|
|
|
4,700 |
|
|
|
4,700 |
|
| Net income (loss) |
|
|
138,200 |
|
|
|
(22,300 |
) |
|
|
(433,500 |
) |
|
|
(317,600 |
) |
| Capital expenditures (cash and noncash) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Total assets |
|
$ |
1,545,500 |
|
|
$ |
354,200 |
|
|
$ |
685,000 |
|
|
$ |
2,584,700 |
|
| 2020 |
|
Environmental |
|
|
Solid |
|
|
|
|
|
|
|
|
| |
|
Solutions |
|
|
Waste |
|
Corporate |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
765,800 |
|
|
$ |
58,200 |
|
|
$ |
- |
|
|
$ |
824,000 |
|
| Depreciation and amortization (1) |
|
|
11,900 |
|
|
|
9,700 |
|
|
|
14,400 |
|
|
|
36,000 |
|
| Interest expense |
|
|
13,100 |
|
|
|
- |
|
|
|
180,900 |
|
|
|
194,000 |
|
| Stock-based compensation |
|
|
- |
|
|
|
- |
|
|
|
8,300 |
|
|
|
8,300 |
|
| Net income (loss) |
|
|
(46,700 |
) |
|
|
(71,000 |
) |
|
|
(535,700 |
) |
|
|
(653,400 |
) |
| Capital expenditures (cash and noncash) |
|
|
19,300 |
|
|
|
- |
|
|
|
- |
|
|
|
19,300 |
|
| Total assets |
|
$ |
1,849,300 |
|
|
$ |
308,300 |
|
|
$ |
799,700 |
|
|
$ |
2,957,300 |
|
| (1) |
Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles |
|