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:
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:
STRATEGIC ENVIRONMENTAL & ENERGY RESOURCES, INC.
Notes to Consolidated Financial Statements
Customer Concentrations by Segment
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.
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.
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