Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

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SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
 12 Months Ended
Dec. 31, 2024
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, 2024, and 2023 and for the years then ended is as follows:

 

Years Ended December 31,

 

2024   Environmental     Solid              
    Solutions (2)     Waste     Corporate     Total  
                         
Revenue   $ 4,312,400     $ -     $ -     $ 4,312,400  
Depreciation and amortization (1)     10,900       -       4,100       15,000  
Interest expense     900       -       931,200       932,100  
Stock-based compensation     -       -       144,000       144,000  
Net income (loss) attributable to SEER common stockholders     620,500       3,700       (2,426,900 )     (1,802,700 )
Capital expenditures (cash and                                
 noncash)     19,200       -       3,500       22,700  
Total assets   $ 1,157,300     $ -     $ 300,400     $ 1,457,700  

 

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 - 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 (1)   $ 517,600     $ -     $ 333,400     $ 851,000  

 

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