SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
|6 Months Ended|
Jun. 30, 2017
|Segment Reporting [Abstract]|
|SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS||
NOTE 16 – SEGMENT INFORMATION AND MAJOR CUSTOMERS
The Company currently has identified three segments as follows:
MV and SEM
Reach has had minimal operations through June 30, 2017. Substantially all of the assets and liabilities of Tactical, the rail car cleaning segment, was sold July 31, 2017 (Note 11).
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, 2017 and 2016 is as follows:
Segment information for the six months ended June 30, 2017 and 2016 is as follows:
The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.
Reference 1: http://www.xbrl.org/2003/role/presentationRef