Quarterly report pursuant to Section 13 or 15(d)

SEGMENT INFORMATION

v3.5.0.2
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION

NOTE 16 - 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 September 30, 2016 and 2015 is as follows:

 

2016   Industrial     Railcar     Environmental     Solid              
    Cleaning     Cleaning     Solutions     Waste     Corporate     Total  
                                     
Revenue   $ 416,000     $ 629,400     $ 1,749,100     $ 42,000     $ —     $ 2,836,500  
Depreciation and amortization (1)     81,800       10,000       42,700       31,500       24,800       190,800  
Interest expense     7,600       300       5,300       —       42,800       56,000  
Stock-based compensation     —       —       —       —       10,900       10,900  
Net income (loss)     (535,600 )     34,200       217,000       (198,000 )     (391,400 )     (873,800 )
Capital expenditures (cash and
   noncash) 		    6,300       9,700       —       5,200       —       21,200  
Total assets   $ 1,118,400     $ 601,100     $ 2,349,300     $ 2,914,500     $ 1,083,100     $ 8,066,400  

 

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  

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

 

Segment information for the nine months ended September 30, 2016 and 2015 is as follows:

 

2016   Industrial     Railcar     Environmental     Solid              
    Cleaning     Cleaning     Solutions     Waste     Corporate     Total  
                                     
Revenue   $ 2,844,000     $ 2,433,900     $ 3,454,500     $ 170,100     $ —     $ 8,902,500  
Depreciation and amortization (1)     251,200       30,700       125,400       96,300       67,300       570,900  
Interest expense     25,100       3,100       17,500       500       212,100       258,300  
Stock-based compensation     —       —       —       —       83,400       83,400  
Net income (loss)     (517,000 )     444,500       307,800       (501,400 )     (1,413,900 )     (1,679,800 )
Capital expenditures (cash and
   noncash)		     129,400       22,900       12,900       12,100       —       177,300  
Total assets   $ 1,118,400     $ 601,100     $ 2,349,300     $ 2,914,500     $ 1,083,100     $ 8,066,400  

 

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  

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