Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS (Tables)

v3.23.2
SEGMENT INFORMATION AND MAJOR CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

Segment information for the (unaudited) three and six months ended June 30, 2023 and 2022 is as follows:

 

2023   Solutions     Waste     Corporate     Total  
Three Months ended June 30,                        
                         
  Environmental     Solid              
2023   Solutions (1)     Waste     Corporate     Total  
                         
Revenue   $ 731,200     $ -     $ -     $ 731,200  
Depreciation and amortization     5,600       -       -       5,600  
Interest expense     200       -       225,400       225,600  
Stock-based compensation     -       -       -       -  
Net income (loss) attributable to SEER common stockholders     183,300       (1,000 )     (621,000 )     (438,700 )
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 765,200     $ -     $ 560,000     $ 1,325,200  

 

    Environmental     Solid              
2022   Solutions (1)     Waste     Corporate     Total  
                         
Revenue   $ 1,053,700     $ 50,000     $ -     $ 1,103,700  
Depreciation and amortization     21,200       9,600       (2,100 )     28,700  
Interest expense     700       -       187,900       188,600  
Net income (loss) attributable to SEER common stockholders     22,000       (35,900 )     (527,400 )     (541,300 )
Capital expenditures (cash and noncash)     3,500       -       -       3,500  
Total assets   $ 1,421,300     $ 299,200     $ 428,000     $ 2,148,500  

 

2023   Solutions     Waste     Corporate     Total  
Six Months Ended June 30,                        
                         
    Environmental     Solid              
2023   Solutions (1)     Waste     Corporate     Total  
                         
Revenue   $ 1,284,400     $ -     $ -     $ 1,284,400  
Depreciation and amortization     11,200       -       -       11,200  
Interest expense     500       -       431,100       431,600  
Stock-based compensation     -       -       -       -  
Net income (loss) attributable to SEER common stockholders     35,700       8,500       (1,262,300 )     (1,218,100 )
Capital expenditures (cash and noncash)     -       -       -       -  
Total assets   $ 765,200     $ -     $ 560,000     $ 1,325,200  

 

    Environmental     Solid              
2022   Solutions (1)     Waste     Corporate     Total  
                         
Revenue   $ 1,809,700     $ 100,000     $ -     $ 1,909,700  
Depreciation and amortization     32,200       17,000       9,800       59,000  
Interest expense     2,500       1,900       373,200       377,600  
Net income (loss) attributable to SEER common stockholders     58,500       (41,800 )     (948,700 )     (932,000 )
Capital expenditures (cash and noncash)     31,800       -       -       31,800  
Total assets   $ 1,421,300     $ 299,200     $ 428,000     $ 2,148,500  

 

(1) Segment information excludes the results of SEM, which was discontinued January 1, 2023, except net income (loss), of which SEM is categorized as discontinued operations. (See Note 15)