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, 2024
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, 2024 and 2023 is as follows:

 

    Solutions     Waste     Corporate     Total  
Three Months Ended March 31,                        
                         
2024   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 989,800     $ -     $ -     $ 989,800  
Depreciation and amortization     2,800       -       700       3,500  
Interest expense     -       -       221,900       221,900  
Net income (loss) attributable to SEER common stockholders     59,300       -       (411,500 )     (352,200 )
Capital expenditures (cash and noncash)     -       -       1,700       1,700  
Total assets   $ 589,800     $ -     $ 409,200     $ 999,000  

 

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

 

(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)