Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

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SEGMENT INFORMATION AND MAJOR CUSTOMERS
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR CUSTOMERS

NOTE 18 – SEGMENT INFORMATION AND MAJOR CUSTOMERS

 

The Company currently has identified two segments as follows:

 

  MV, SEM, PelleChar 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 nine months ended September 30, 2021 (Unaudited), and 2020 is as follows:

 

    Solutions     Waste     Corporate     Total  
 
Three Months ended September 30, 2021   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
Revenue   $ 1,176,100     $ 58,200     $ -     $ 1,234,300  
Depreciation and amortization (1)     17,500       8,500       7,200       33,200  
Interest expense     1,200       300       180,000       181,500  
Stock-based compensation     -       -       3,100       3,100  
Net income (loss) (2)     1,388,900       543,800       32,600     1,965,300  
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 1,463,400     $ 306,500     $ 533,000     $ 2,302,900  

 

    Solutions     Waste     Corporate     Total  
2020   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
Revenue   $ 849,700     $ 58,200     $ -     $ 907,900  
Depreciation and amortization (1)     30,500       13,100       14,200       57,800  
Interest expense     1,800       100       223,900       225,800  
Stock-based compensation     -       -       -       -  
Net income (loss) (2)     (109,200 )     (55,600 )     (490,900 )     (655,700 )
Capital expenditures (cash and noncash)     67,100       -       -       67,100  
Total assets   $ 1,852,000     $ 306,700     $ 645,700     $ 2,804,400  

 

    Solutions     Waste     Corporate     Total  
Nine months ended September 30, 2021   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
Revenue   $ 2,724,800     $ 174,700     $ -     $ 2,899,500  
Depreciation and amortization (1)     51,800       25,500       25,100       102,400  
Interest expense     3,900       300       552,400       556,600  
Stock-based compensation     -       -       12,600       12,600  
Net income (loss) (2)     1,425,000       466,000       (896,000 )     995,000  
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 1,463,400     $ 306,500     $ 533,000     $ 2,302,900  

 

    Solutions     Waste     Corporate     Total  
2020   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 2,320,700     $ 174,700     $ -     $ 2,495,400  
Depreciation and amortization (1)     57,800       32,500       41,400       131,700  
Interest expense     5,900       100       593,300       599,300  
Stock-based compensation     -       -       14,200       14,200  
Net income (loss) (2)     (240,300 )     (188,500 )     (1,481,500 )     (1,910,300 )
Capital expenditures (cash and noncash)     131,600       -       -       131,600  
Total assets   $ 1,852,000     $ 306,700     $ 645,700     $ 2,804,400  

 

(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles
     
  (2) The environmental solutions segment contains the total net income (loss) from discontinued operations