Annual report pursuant to Section 13 and 15(d)

SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

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SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

NOTE 17 - SEGMENT INFORMATION AND MAJOR SEGMENT CUSTOMERS

 

The Company currently has identified four segments as follows:

 

  REGS Industrial Cleaning
  MV & SEM Environmental Solutions
  PWS Solid Waste

 

Reach is not currently operating but when operations commence would be part of the Environmental Solutions segment.

 

The composition of our reportable segments is consistent with that used by our chief operating decision maker 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, interest expense, depreciation and amortization and stock-based compensation to the segments. All intercompany transactions have been eliminated.

 

Segment information as of December 31, 2017 and 2016 and for the years then ended is as follows:

 

2017   Industrial   Environmental   Solid        
    Cleaning (2)   Solutions   Waste   Corporate   Total (3)
                     
Revenue   $ 2,254,200     $ 5,256,300     $ 917,500     $ —       $ 8,428,000  
Depreciation and amortization (1)     356,300       189,900       136,300       86,200       768,700  
Interest expense     23,800       15,200       100       1,386,400       1,425,500  
Stock-based compensation     —         —         —         246,600       246,600  
Net income (loss)     (1,307,700 )     247,200       (1,329,600 )     (3,743,500 )     (6,133,600 )
Capital expenditures (cash and
noncash)		     189,900       2,900       —         95,400       288,200  
Goodwill     —         227,800       —         —         227,800  
Total assets   $ 814,500     $ 1,339,600     $ 613,500     $ 983,300     $ 3,750,900  

 

2016   Industrial   Environmental   Solid        
    Cleaning (2)   Solutions   Waste   Corporate   Total (3)
                     
Revenue   $ 2,929,000     $ 4,494,700     $ 230,200     $ —       $ 7,653,900  
Depreciation and amortization (1)     350,600       162,600       136,300       91,200       740,700  
Interest expense     28,400       23,300       500       272,000       324,200  
Stock-based compensation     —         —         —         91,500       91,500  
Net income (loss)     (740,400 )     (138,000 )     (1,638,000 )     (2,562,500 )     (5,078,900 )
Capital expenditures (cash and
noncash)		     134,500       3,900       22,800       2,500       163,700  
Goodwill     —         227,800       —         —         227,800  
Total assets   $ 1,128,900     $ 2,457,900     $ 1,811,000     $ 115,100     $ 5,512,900  

 

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

(2) Includes mobile rail car cleaning and excludes locations classified as discontinued operations

(3) Excludes discontinued operations

 

 

STRATEGIC ENVIRONMENTAL & ENERGY RESOURCES, INC.

 Notes to Consolidated Financial Statements

 

Customer Concentrations by Segment

 

Industrial Cleaning

 

For the year ended December 31, 2017, we had two customers with sales in excess of 10% of industrial cleaning segment revenue and combined were 21% of segment revenues. For the year ended December 31, 2016 we had one customer with sales in excess of 10% of industrial cleaning segment revenue and combined were 52% of segment revenues.

 

Environmental Solutions

 

For the year end December 31, 2017 we had one customer with sales in excess of 10% of environmental solutions segment revenue for a total of 16% of segment revenues. For the year end December 31, 2016 we had one customer with sales in excess of 10% of environmental solutions segment revenue.