Quarterly report [Sections 13 or 15(d)]

SEGMENT INFORMATION AND MAJOR CUSTOMERS

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SEGMENT INFORMATION AND MAJOR CUSTOMERS
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION AND MAJOR CUSTOMERS

NOTE 16 – SEGMENT INFORMATION AND MAJOR CUSTOMERS

 

The Company currently has identified two segments as follows:

 

 

MV, SEM, PelleChar, SEER Golf

 Environmental Solutions
  PWS Solid Waste

 

 

The composition of our current reportable segments is consistent with that used by our chief decision makers to evaluate performance and allocate resources. All of our operations are located in the U.S. The Company has 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 (unaudited) three and nine months ended September 30, 2025 and 2024 is as follows:

 

Three Months Ended September 30,                            
                             
2025       Environmental     Solid              
        Solutions     Waste     Corporate     Total  
                             
Revenue       $ 1,092,000     $ -     $ -     $ 1,092,000  
Depreciation and amortization         (100 )     -       3,200       3,100  
Interest expense         -       -       264,800       264,800  
Net income (loss) attributable to SEER common stockholders         72,400       500       (527,900 )     (455,000 )
Capital expenditures (cash and noncash)         3,700       -       -       3,700  
Total assets   (1) $ 1,012,400     $ -     $ 267,800     $ 1,280,200  

 

2024       Environmental     Solid              
        Solutions     Waste     Corporate     Total  
                             
Revenue       $ 888,800     $ -     $ -     $ 888,800  
Depreciation and amortization         200       -       3,600       3,800  
Interest expense         200       -       236,800       237,000  
Net income (loss) attributable to SEER common stockholders         119,200       (2,500 )     (577,800 )     (461,100 )
Capital expenditures (cash and noncash)         -       -       -       -  
Total assets   (1) $ 892,200     $ -     $ 290,100     $ 1,182,300  

 

Nine Months Ended September 30,                            
                             
2025       Environmental     Solid              
        Solutions     Waste     Corporate     Total  
                             
Revenue       $ 3,094,700     $ -     $ -     $ 3,094,700  
Depreciation and amortization         4,500       -       5,200       9,700  
Interest expense         -       -       746,100       746,100  
Net income (loss) attributable to SEER common stockholders         315,400       2,300       (1,795,900 )     (1,478,200 )
Capital expenditures (cash and noncash)         3,700       -       800       4,500  
Total assets   (1) $ 1,012,400     $ -     $ 267,800     $ 1,280,200  

 

2024         Environmental       Solid                  
          Solutions       Waste       Corporate       Total  
                                     
Revenue       $ 2,640,500     $ -     $ -     $ 2,640,500  
Depreciation and amortization         5,900       -       5,500       11,400  
Interest expense         600       -       685,300       685,900  
Net income (loss) attributable to SEER common stockholders         182,800       (900 )     (1,669,800 )     (1,487,900 )
Capital expenditures (cash and noncash)         19,200       -       3,500       22,700  
Total assets   (1) $ 892,200     $ -     $ 290,100     $ 1,182,300  

 

(1) Segment information excludes the results of SEM media operations. SEM discontinued its media operations as of January 1, 2023, except net income (loss), of which SEM media operations is categorized as discontinued operations. (See Note 15)