Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.5.0.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2016
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 SEM Environmental Solutions
  PWS Solid Waste

 

Reach has had minimal operations through June 30, 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 June 30, 2016 and 2015 is as follows:

 

2016   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 443,100     $ 929,300     $ 1,132,600     $ 56,500       —     $ 2,561,500  
Depreciation and amortization (1)     81,700       9,900       42,700       31,500       20,000       185,800  
Interest expense     9,500       400       5,700       100       138,900       154,600  
Stock-based compensation     —       —       —       —       42,900       42,900  
Net income (loss)     (564,400 )     223,700       188,200       (134,700 )     (556,600 )     (852,800 )
Capital expenditures (cash and   noncash)     10,100       —       3,900       3,100       —       17,100  
Total assets   $ 1,255,700     $ 824,800     $ 1,993,700     $ 2,918,000     $ 992,300     $ 7,984,500  

 

2015   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
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  

 

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

 

Segment information for the six months ended June 30, 2016 and 2015 is as follows:

 

2016   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
Waste		   Corporate   Total
                         
Revenue   $ 2,428,000     $ 1,804,500     $ 1,705,400     $ 128,100       —     $ 6,066,000  
Depreciation and amortization (1)     169,400       20,700       82,800       64,800       42,400       380,100  
Interest expense     17,500       2,800       12,200       500       169,300       202,300  
Stock-based compensation     —       —       —       —       72,500       72,500  
Net income (loss)     18,600       410,300       91,000       (303,400 )     (1,022,500 )     (806,000 )
Capital expenditures (cash and   noncash)     123,100       13,200       12,900       6,900       —       156,100  
Total assets   $ 1,255,700     $ 824,800     $ 1,993,700     $ 2,918,000     $ 992,300     $ 7,984,500  

 

2015   Industrial
Cleaning		   Railcar
Cleaning		   Environmental
Solutions		   Solid
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  

 

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