| SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS |
NOTE
15 - 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, 2017.
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, 2017 and 2016 is as follows:
| 2017 |
|
Industrial |
|
Railcar |
|
Environmental |
|
Solid |
|
|
|
|
| |
|
Cleaning |
|
Cleaning |
|
Solutions |
|
Waste |
|
Corporate |
|
Total |
| Revenue |
|
$ |
1,411,100 |
|
|
$ |
1,024,900 |
|
|
$ |
1,689,000 |
|
|
$ |
69,300 |
|
|
$ |
— |
|
|
$ |
4,194,300 |
|
| Depreciation
and amortization (1) |
|
|
83,000 |
|
|
|
10,400 |
|
|
|
40,700 |
|
|
|
32,800 |
|
|
|
25,000 |
|
|
|
191,900 |
|
| Interest
expense |
|
|
6,300 |
|
|
|
200 |
|
|
|
4,800 |
|
|
|
100 |
|
|
|
415,600 |
|
|
|
427,000 |
|
| Stock-based
compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
17,000 |
|
|
|
17,000 |
|
| Net
income (loss) |
|
|
123,800 |
|
|
|
207,600 |
|
|
|
217,400 |
|
|
|
(111,300 |
) |
|
|
(806,200 |
) |
|
|
(368,700 |
) |
Capital
expenditures (cash and
noncash) |
|
|
— |
|
|
|
— |
|
|
|
1,320 |
|
|
|
— |
|
|
|
— |
|
|
|
1,320 |
|
| Total
assets |
|
$ |
1,576,700 |
|
|
$ |
687,500 |
|
|
$ |
2,149,000 |
|
|
$ |
1,795,100 |
|
|
$ |
671,900 |
|
|
$ |
6,880,200 |
|
| 2016 |
|
Industrial |
|
Railcar |
|
Environmental |
|
Solid |
|
|
|
|
| |
|
Cleaning |
|
Cleaning |
|
Solutions |
|
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 |
|
|
(1) |
Includes
depreciation of property, equipment and leasehold improvement and amortization of intangibles |
|