Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

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SEGMENT INFORMATION AND MAJOR CUSTOMERS
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
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 six months ended June 30, 2021 (Unaudited), and 2020 is as follows:

 

Three Months Ended June 30,                        
                         
2021     Environmental       Solid                  
      Solutions       Waste       Corporate       Total  
                                 
Revenue   $ 862,700     $ 58,300     $ -     $ 921,000  
Depreciation and amortization (1)     17,100       8,500       9,000       34,600  
Interest expense     9,600       -       179,600       189,200  
Stock-based compensation     -       -       4,800       4,800  
Net income (loss)     (102,100 )     (55,500 )     (482,200 )     (639,800 )
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 1,395,800     $ 331,800     $ 618,200     $ 2,345,800  

 

2020   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 734,300     $ 58,300     $ -     $ 792,600  
Depreciation and amortization (1)     15,400       9,700       12,800       37,900  
Interest expense     12,300       -       188,500       200,800  
Stock-based compensation     -       -       1,200       1,200  
Net income (loss)     (84,400 )     (61,900 )     (454,900 )     (601,200 )
Capital expenditures (cash and noncash)     45,200       -       -       45,200  
Total assets   $ 2,031,900     $ 297,400     $ 569,300     $ 2,898,600  

 

Six Months Ended June 30,                        
                         
2021   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 1,725,900     $ 116,500     $ -     $ 1,842,400  
Depreciation and amortization (1)     34,300       17,000       17,900       69,200  
Interest expense     19,300       -       372,400       391,700  
Stock-based compensation     -       -       9,500       9,500  
Net income (loss)     36,100       (77,800 )     (928,600 )     (970,300 )
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 1,395,800     $ 331,800     $ 618,200     $ 2,345,800  

 

2020   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 1,500,100     $ 116,500     $ -     $ 1,616,600  
Depreciation and amortization (1)     27,300       19,400       27,200       73,900  
Interest expense     25,400       -       369,400       394,800  
Stock-based compensation     -       -       9,500       9,500  
Net income (loss)     (131,100 )     (132,900 )     (990,600 )     (1,254,600 )
Capital expenditures (cash and noncash)     64,500       -       -       64,500  
Total assets   $ 2,031,900     $ 297,400     $ 569,300     $ 2,898,600  

 

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