| SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS |
NOTE 15 - SEGMENT INFORMATION AND MAJOR CUSTOMERS
The Company currently has identified
four segments as follows:
| REGS |
Industrial Cleaning |
| Tactical |
Rail Car Cleaning |
| MV and Reach |
Environmental Solutions |
| PWS |
Solid Waste |
Reach has had minimal operations
through March 31, 2015.
The composition of our reportable segments
is consistent with that used by our Chief Operating Decision Maker ("CODM") to evaluate performance and allocate resources.
All of our operations are located in the U.S. We have 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 three months ended March 31, 2015 and
2014 is as follows:
| 2015 |
|
Industrial
Cleaning |
|
Railcar
Cleaning |
|
Environmental
Solutions |
|
Solid
Waste |
|
Corporate |
|
Total |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
1,863,600 |
|
|
$ |
713,100 |
|
|
$ |
889,000 |
|
|
$ |
28,000 |
|
|
$ |
— |
|
|
$ |
3,493,700 |
|
| Depreciation and amortization (1)
|
|
|
65,700 |
|
|
|
6,400 |
|
|
|
30,300 |
|
|
|
25,500 |
|
|
|
18,700 |
|
|
|
146,600 |
|
| Interest expense |
|
|
10,200 |
|
|
|
3,500 |
|
|
|
300 |
|
|
|
— |
|
|
|
3,400 |
|
|
|
17,400 |
|
| Stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
98,100 |
|
|
|
98,100 |
|
| Net income (loss) |
|
|
312,800 |
|
|
|
81,800 |
|
|
|
(30,000 |
) |
|
|
(262,900 |
) |
|
|
(679,000 |
) |
|
|
(577,300 |
) |
Capital expenditures (cash and
noncash) |
|
|
281,500
|
|
|
|
4,300 |
|
|
|
1,900 |
|
|
|
16,700 |
|
|
|
79,800 |
|
|
|
384,200 |
|
| Total assets |
|
$ |
2,170,500 |
|
|
$ |
764,900 |
|
|
$ |
1,560,900 |
|
|
$ |
3,580,100 |
|
|
$ |
1,034,700 |
|
|
$ |
9,111,100 |
|
| 2014 |
|
Industrial
Cleaning |
|
Railcar
Cleaning |
|
Environmental
Solutions |
|
Solid
Waste |
|
Corporate |
|
Total |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
1,657,600 |
|
|
$ |
605,300 |
|
|
$ |
520,100 |
|
|
|
— |
|
|
|
— |
|
|
$ |
2,783,000 |
|
| Depreciation and amortization (1)
|
|
$ |
48,700 |
|
|
$ |
5,100 |
|
|
$ |
33,400 |
|
|
$ |
300 |
|
|
$ |
5,600 |
|
|
$ |
93,100 |
|
| Interest expense |
|
$ |
10,600 |
|
|
$ |
7,900 |
|
|
$ |
1,700 |
|
|
$ |
200 |
|
|
$ |
3,200 |
|
|
$ |
23,600 |
|
| Stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
$ |
648,700 |
|
|
$ |
648,700 |
|
| Net income (loss) |
|
$ |
217,700 |
|
|
$ |
31,700 |
|
|
$ |
(118,700 |
) |
|
$ |
(147,800 |
) |
|
$ |
(1,086,200 |
) |
|
$ |
(1,103,300 |
) |
| Capital expenditures (cash and noncash) |
|
$ |
27,100 |
|
|
$ |
— |
|
|
$ |
55,700 |
|
|
$ |
639,900 |
|
|
$ |
62,200 |
|
|
$ |
784,900 |
|
| Total assets |
|
$ |
1,679,200 |
|
|
$ |
612,100 |
|
|
$ |
795,700 |
|
|
$ |
1,508,500 |
|
|
$ |
2,440,500 |
|
|
$ |
7,036,000 |
|
| |
|
(1) |
Includes depreciation of property, equipment and leasehold improvement
and amortization of intangibles |
|