v3.25.2
SEGMENT INFORMATION AND MAJOR CUSTOMERS
 3 Months Ended
Mar. 31, 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 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 months ended March 31, 2025 and 2024 is as follows:

 

Three Months Ended March 31,                
                 
2025  Environmental   Solid         
   Solutions   Waste   Corporate   Total 
                 
Revenue  $1,054,600   $-   $-   $1,054,600 
Depreciation and amortization   1,900    -    1,600    3,500 
Interest expense   100    -    247,000    247,100 
Net income (loss) attributable to SEER common stockholders   181,400    800    (628,800)   (446,600)
Capital expenditures (cash and noncash)   -    -    800    800 
Total assets  $1,245,800   $-   $309,900   $1,555,700 

 

2024   Environmental   Solid         
    Solutions   Waste   Corporate   Total 
                  
Revenue   $989,800   $-   $-   $989,800 
Depreciation and amortization    2,800    -    700    3,500 
Interest expense    -    -    221,900    221,900 
Net income (loss) attributable to SEER common stockholders    59,300    -    (411,500)   (352,200)
                    
Capital expenditures (cash and noncash)    -    -    1,700    1,700 
Total assets (1) $589,800   $-   $409,200   $999,000 

 

(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)