Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.3.0.814
SEGMENT INFORMATION
 9 Months Ended
Sep. 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, Reach and SEM Environmental Solutions
PWS Solid Waste

 

Reach and SEM has had minimal operations through September 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 September 30, 2015 and 2014 is as follows:

 

2015   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 1,049,100     $ 842,100     $ 965,500     $ 111,500       —       $ 2,968,200  
Depreciation and amortization (1)     65,700       6,400       30,300       25,500       18,700       146,600  
Interest expense     6,400       (5,100 )     —         300       3,900       5,500  
Stock-based compensation     —         —         —         —         27,300       27,300  
Net income (loss)     (74,900 )     172,600       (61,900 )     (234,000 )     (446,300 )     (644,500 )
Capital expenditures (cash and
noncash)		     10,500       15,500       11,400       60,100       —         97,500  
Total assets   $ 1,741,800     $ 635,700     $ 1,418,800     $ 3,766,400     $ 1,151,200     $ 8,713,900  

 

2014   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 2,916,700     $ 723,900     $ 1,192,800     $ 20,700       —       $ 4,854,100  
Depreciation and amortization (1)     60,600       5,500       32,100       17,400       25,500       141,100  
Interest expense     8,300       3,300       1,800       400       3,000       16,800  
Stock-based compensation     —         —         —         —         75,000       75,000  
Net income (loss)     871,600       75,800       21,800       (244,500 )     (461,000 )     263,700  
Capital expenditures (cash      and noncash)     36,300       4,300       6,000       443,700       58,600       548,900  
Total assets   $ 2,174,500     $ 518,600     $ 1,445,000     $ 3,252,700     $ 3,480,300     $ 10,871,100  

 

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

 

Segment information for the nine months ended September 30, 2015 and 2014 is as follows:

 

2015   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 4,198,300     $ 2,263,400     $ 2,796,000     $ 183,400       —       $ 9,441,100  
Depreciation and amortization (1)     197,100       19,200       91,000       76,400       56,100       439,800  
Interest expense     29,000       5,100       500       300       10,100       45,000  
Stock-based compensation     —         —         —         —         176,100       176,100  
Net income (loss)     195,600       201,000       (78,800 )     (824,400 )     (1,610,600 )     (2,117,200 )
Capital expenditures (cash and
noncash)		     313,100       45,000       43,600       179,400       81,600       662,700  
Total assets   $ 1,741,800     $ 635,700     $ 1,418,800     $ 3,766,400     $ 1,151,200     $ 8,713,900  

 

2014   Industrial   Railcar   Environmental   Solid        
    Cleaning   Cleaning   Solutions   Waste   Corporate   Total
                         
Revenue   $ 7,120,300     $ 1,918,900     $ 2,774,300     $ 99,300     $ —       $ 11,912,800  
Depreciation and amortization (1)     168,600       15,700       100,000       34,600       38,800       357,700  
Interest expense     28,600       15,000       4,600       800       10,500       59,500  
Stock-based compensation     —         —         —         —         760,000       760,000  
Net income (loss)     1,986,900       87,300       (26,400 )     (601,300 )     (1,919,300 )     (472,800 )
Capital expenditures (cash      and noncash)     72,200       11,400       89,200       2,556,000       125,100       2,853,900  
Total assets   $ 2,174,500     $ 518,600     $ 1,445,000     $ 3,252,700     $ 3,480,300     $ 10,871,100  

 

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