Income Statement

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Products $ 797,400 $ 717,300 $ 3,216,600 $ 4,268,800
Services 795,500 413,000 2,515,500 1,803,000
Licensing 93,600 453,100 279,000 596,900
Total revenue 1,686,500 1,583,400 [1] 6,011,100 6,668,700 [1]
Operating expenses:        
Products costs 652,200 506,700 2,120,000 2,912,800
Services costs 827,800 561,100 2,420,900 2,069,600
Solid waste costs 4,000 345,500 29,700 455,800
General and administrative expenses 433,300 783,800 1,576,700 2,077,500
Salaries and related expenses 540,600 548,300 1,536,000 1,587,500
Total operating expenses 2,457,900 2,745,400 7,683,300 9,103,200
Loss from operations (771,400) (1,162,000) (1,672,200) (2,434,500)
Other income (expense):        
Interest income     21,700  
Interest expense (453,000) (256,000) (1,432,600) (1,212,500)
Gain on debt extinguishment 128,000   128,000  
Other (400) 40,000 38,900 34,100
Total non-operating expense, net (325,400) (216,000) (1,244,000) (1,178,400)
Loss from continuing operations (1,096,800) (1,378,000) [1] (2,916,200) (3,612,900) [1]
Discontinued operations, net of tax   215,400   693,700
Gain on sale of rail operations   2,672,900 41,000 2,672,900
Discontinued operations, net of tax   2,888,300 41,000 3,366,600
Loss before earnings from equity method joint ventures (1,096,800) 1,510,300 (2,875,200) (246,300)
Income from equity method joint ventures
Net loss (1,096,800) 1,510,300 (2,875,200) (246,300)
Less: Net loss attributable to non-controlling interest (24,400) (23,900) (45,200) (115,100)
Net loss attributable to SEER common stockholders $ (1,072,400) $ 1,534,200 $ (2,830,000) $ (131,200)
Net loss per share from continuing operations $ (.02) $ (.02) $ (.05) $ (.06)
Discontinued operations   0.05   0.06
Net income (loss) per share, basic and diluted (in dollars per share) $ (.02) $ 0.03 $ (.05) [2]
Weighted average shares outstanding - basic and diluted (in shares) 60,285,314 55,457,053 58,474,271 54,902,947
[1] Excludes discontinued operations.
[2] Less than $0.01

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