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, 2023
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

NOTE 17 - 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, 2023, and 2022 and for the years then ended is as follows:

 

Years Ended December 31,

 

2023   Environmental     Solid              
    Solutions(2)     Waste     Corporate     Total  
                         
Revenue   $ 2,899,600     $ -     $ -     $ 2,899,600  
Depreciation and amortization (1)     22,300       -       300       22,600  
Impairment loss - investments     -       -       182,200       182,200  
Interest expense     900       -       876,200       877,100  
Net income (loss) attributable to SEER common stockholders     105,100       7,700       (2,485,600 )     (2,372,800 )
Capital expenditures (cash and noncash)     14,900       -       -       14,900  
Total assets   $ 517,600     $ -     $ 333,400     $ 851,000  

 

2022   Environmental     Solid              
    Solutions(2)     Waste     Corporate     Total  
                         
Revenue   $ 3,917,500     $ 100,000     $ -     $ 4,017,500  
Depreciation and amortization (1)     45,100       14,700       31,000       90,800  
Impairment loss - goodwill     277,800       -       -       277,800  
Impairment loss - other intangible assets     41,900       -       -       41,900  
Interest expense     4,400       12,000       785,200       801,600  
Net income (loss) attributable to SEER common stockholders     (586,300 )     (141,900 )     (1,912,100 )     (2,640,300 )
Capital expenditures (cash and noncash)     18,400       -       -       18,400  
Total assets $ 1,103,400     $ 100     $ 540,900     $ 1,644,400  

 

(1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles.
(2) Includes discontinued operations of SEM.