Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR CUSTOMERS (Tables)

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SEGMENT INFORMATION AND MAJOR CUSTOMERS (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

Segment information for the (unaudited) three and six months ended June 30, 2024 and 2023 is as follows:

 

    Solutions     Waste     Corporate     Total  
Three Months Ended June 30,                        
                         
2024   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 761,900     $ -     $ -     $ 761,900  
Depreciation and amortization     2,900       -       1,200       4,100  
Interest expense     400       -       226,500       226,900  
Stock-based compensation     -       -       -       -  
Net income (loss) attributable to SEER common stockholders     4,300       1,600       (680,500 )     (674,600 )
Capital expenditures (cash and noncash)     19,200       -       1,800       21,000  
Total assets   $ 699,500     $ -     $ 347,600     $ 1,047,100  

 

      Solutions     Waste     Corporate     Total  
2023   Environmental     Solid              
      Solutions     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   (1)   $ 765,200     $ -     $ 560,000     $ 1,325,200  

 

    Solutions     Waste     Corporate     Total  
Six Months Ended June 30,                        
                         
2024   Environmental     Solid              
    Solutions     Waste     Corporate     Total  
                         
Revenue   $ 1,751,700     $ -     $ -     $ 1,751,700  
Depreciation and amortization     5,700       -       1,900       7,600  
Interest expense     400       -       448,400       448,800  
Stock-based compensation     -       -       -       -  
Net income (loss) attributable to SEER common stockholders     63,600       1,600       (1,091,900 )     (1,026,700 )
Capital expenditures (cash and noncash)     19,200       -       3,500       22,700  
Total assets   $ 699,500     $ -     $ 347,600     $ 1,047,100  

 

        Solutions     Waste     Corporate     Total  
2023   Environmental     Solid              
        Solutions     Waste     Corporate     Total  
                             
Revenue       $ 1,284,400     $ -     $ -     $ 1,284,400  
Depreciation and amortization         11,200       -       -       11,200  
Interest expense         500       -       431,100       431,600  
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   (1)   $ 765,200     $ -     $ 560,000     $ 1,325,200  

 

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