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, 2023
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, PelleChar Environmental Solutions
  PWS Solid Waste

 

The composition of our current 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 (unaudited) three months ended March 31, 2023 and 2022 is as follows:

 

Three Months ended March 31,

 

    Environmental     Solid              
2023   Solutions     Waste     Corporate     Total  
Revenue   $ 553,200     $ -     $ -     $ 553,200  
Depreciation and amortization (1)     5,600       -       -       5,600  
Interest expense     800       -       205,700       206,500  
Net income (loss) attributable to SEER common stockholders     (147,600 )     9,500       (641,300 )     (779,400 )
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 711,700     $ 100     $ 620,200     $ 1,332,000  

 

    Environmental(1)     Solid              
2022   Solutions (1)     Waste     Corporate     Total  
Revenue   $ 756,000     $ 50,000     $ -     $ 806,000  
Depreciation and amortization     5,100       7,400       11,900       24,400  
Interest expense     300       4,100       184,600       189,000  
Net income (loss) attributable to SEER common stockholders     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  

 

(1) Excluded the Results of SEM which was discontinued January 1, 2023. (See Note 15)