Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS

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SEGMENT INFORMATION AND MAJOR CUSTOMERS
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR CUSTOMERS

NOTE 16 – 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 months ended March 31, 2022 (Unaudited), and 2021 is as follows:

 

Three Months ended March 31,

 

                         
  Environmental     Solid              
2022   Solutions     Waste     Corporate     Total  
                         
Revenue   $ 859,900     $ 50,000     $ -     $ 909,900  
Depreciation and amortization (1)     11,000       7,400       11,900       30,300  
Interest expense     1,300       4,100       185,200       190,600  
Net income (loss)     36,500       (5,900 )     (417,200 )     (386,600 )
Capital expenditures (cash and noncash)    

28,300

       -       -      

28,300

  
Total assets   $ 1,547,700     $ 277,600     $ 492,500     $ 2,317,800  

 

                         
  Environmental     Solid              
2021   Solutions     Waste     Corporate     Total  
                         
Revenue   $ 627,800     $ 58,200     $ -     $ 686,000  
Depreciation and amortization (1)     17,200       8,500       8,900       34,600  
Interest expense     1,400       -       192,800       194,200  
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   $ 1,470,300     $ 354,200     $ 685,000     $ 2,509,500