Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

v3.2.0.727
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 15 - SEGMENT INFORMATION

 

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 June 30, 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 June 30, 2015 and 2014 is as follows:

 

2015   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 1,285,600     $ 708,200     $ 941,500     $ 43,900     $ —     $ 2,979,200  
Depreciation and amortization (1)     65,700       6,400       30,300       25,500       18,700       146,600  
Interest expense     12,400       6,700       100       —       2,800       22,000  
Stock-based compensation     —       —       —       —       50,400       50,400  
Net income (loss)     (42,300 )     (53,400 )     13,100       (327,500 )     (485,300 )     (895,400 )
Capital expenditures (cash and noncash)     21,100       25,200       30,300       102,600       1,800       181,000  
Total assets   $ 1,804,500     $ 629,200     $ 1,453,300     $ 3,546,300     $ 674,400     $ 8,107,700  

 

2014   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 2,546,000     $ 589,600     $ 1,061,400     $ 78,700     $ —     $ 4,275,700  
Depreciation and amortization (1)     59,200       5,300       34,400       16,900       7,700       123,500  
Interest expense     9,700       3,900       1,000       200       4,300       19,100  
Stock-based compensation     —       —       —       —       36,700       36,700  
Net income (loss)     897,600       (20,200 )     70,300       (208,900 )     (372,000 )     366,800  
Capital expenditures (cash and noncash)     8,900       4,000       24,000       1,492,600       4,400       1,533,900  
Total assets   $ 2,004,800     $ 580,000     $ 1,760,500     $ 2,879,800     $ 1,744,600     $ 8,969,700  

 

  (1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles

 

Segment information for the six months ended June 30, 2015 and 2014 is as follows:

 

2015   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 3,149,200     $ 1,421,300     $ 1,830,500     $ 71,900     $ —     $ 6,472,900  
Depreciation and amortization (1)     131,400       12,800       60,700       50,900       37,400       293,200  
Interest expense     22,600       10,200       500       —       6,200       39,500  
Stock-based compensation     —       —       —       —       148,500       148,500  
Net income (loss)     270,500       28,400       (16,900 )     (590,400 )     (1,164,300 )     (1,472,700 )
Capital expenditures (cash and
noncash)		     302,600       29,500       32,200       119,300       81,600       565,200  
Total assets   $ 1,804,500     $ 629,200     $ 1,453,300     $ 3,546,300     $ 674,400     $ 8,107,700  

 

2014   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 4,203,600     $ 1,195,000     $ 1,581,400     $ 78,700     $ —     $ 7,058,700  
Depreciation and amortization (1)     107,900       10,400       67,800       17,200       13,300       216,600  
Interest expense     20,300       11,800       2,700       400       7,500       42,700  
Stock-based compensation     —       —       —       —       135,000       135,000  
Net income (loss)     1,115,300       11,500       (48,300 )     (356,700 )     (1,458,300 )     (736,500 )
Capital expenditures (cash and noncash)     36,000       4,000       79,700       2,132,500       66,600       2,318,800  
Total assets   $ 2,004,800     $ 580,000     $ 1,760,500     $ 2,879,800     $ 1,744,600     $ 8,969,700  

 

  (1) Includes depreciation of property, equipment and leasehold improvement and amortization of intangibles