Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

v3.4.0.3
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

NOTE 16 - SEGMENT INFORMATION AND MAJOR CUSTOMERS

 

The Company currently has identified four segments as follows:

 

  REGS   Industrial Cleaning
  Tactical   Rail Car Cleaning
  MV and SEM   Environmental Solutions
  PWS   Solid Waste

 

Reach has had minimal operations through March 31, 2016.

 

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, 2016 and 2015 is as follows:

 

2016   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 1,984,900     $ 875,200     $ 572,800     $ 71,600     $ —     $ 3,504,500  
Depreciation and amortization (1)     87,700       10,800       40,100       33,300       22,400       194,300  
Interest expense     8,000       2,400       6,500       400       30,400       47,700  
Stock-based compensation     —       —       —       —       29,600       29,600  
Net income (loss)     583,000       186,600       (97,200 )     (168,700 )     (456,900 )     46,800  
Capital expenditures (cash and noncash)     110,700       13,200       9,000       3,800       —       136,700  
Total assets   $ 2,187,000     $ 746,500     $ 1,717,400     $ 2,967,100     $ 574,300     $ 8,192,300  

 

 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  

 

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