Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

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

NOTE 18 - SEGMENT INFORMATION AND MAJOR SEGMENT 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 as of December 31, 2022, and 2021 and for the years then ended is as follows:

Year ended December 31,                        
                         
2022   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 4,037,900     $ 100,000     $ -     $ 4,137,900  
Depreciation and amortization (1)     45,100       14,700       11,000       70,800  
Impairment loss - goodwill     277,800       -       -       277,800  
Impairment loss - other intangible assets     41,900       -       -       41,900  
Interest expense     4,400       12,000       789,700       806,100  
Net income (loss)     (586,300 )     (213,100 )     (1,912,100 )     (2,711,500 )
Capital expenditures (cash and noncash)     31,800       -       -       31,800  
Total assets   $ 1,103,400     $ 100     $ 540,900     $ 1,644,400  

 

 

2021   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 3,238,300     $ 240,100     $ -     $ 3,478,400  
Depreciation and amortization (1)     68,300       34,000       31,700       134,000  
Interest expense     1,500       300       736,800       738,600  
Stock-based compensation     -       -       12,600       12,600  
Net income (loss)     413,000       437,600       (330,900 )     519,700  
Capital expenditures (cash and noncash)     3,000       -       -       3,000  
Total assets   $ 1,359,200     $ 305,400     $ 572,600     $ 2,237,200  

 

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