Quarterly report pursuant to Section 13 or 15(d)

14. Segment Information

v3.7.0.1
14. Segment Information
3 Months Ended
Apr. 01, 2017
Segment Reporting [Abstract]  
Segment Information

We operate within targeted markets through two reportable segments: retail and recycling. The retail segment is comprised of income generated through our ApplianceSmart stores, which includes appliance sales and byproduct revenues from collected appliances. The recycling segment includes all fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers and includes byproduct revenue, which is primarily generated through the recycling of appliances. We have included the results from consolidating AAP in our recycling segment. The nature of products, services and customers for both segments varies significantly. As such, the segments are managed separately. Our Chief Executive Officer has been identified as the Chief Operating Decision Maker (“CODM”). The CODM evaluates performance and allocates resources based on revenues and income from operations of each segment. Income from operations represents revenues less cost of revenues and operating expenses, including certain allocated selling, general and administrative costs. There are no inter-segment sales or transfers.

 

The following tables present our segment information for periods indicated:

 

    Three Months Ended  
    April 1,
2017
    April 2,
2016
 
Revenues:            
Retail   $ 15,789     $ 16,668  
Recycling     7,450       8,677  
Total revenues   $ 23,239     $ 25,345  
                 
Gross profit                
Retail     4,207       4,686  
Recycling   1,816       1,505  
Total gross profit     6,023       6,191  
                 
Operating loss:                
Retail   $ (78 )   $ 63  
Recycling     (1,631 )     (850 )
Total operating loss   $ (1,709 )   $ (787 )
                 
                 
Depreciation and amortization:                
Retail   $ 45     $ 54  
Recycling     257       271  
Total depreciation and amortization   $ 302     $ 325  
                 
Interest Expenses                
Retail     1       248  
Recycling     296       35  
Total interest expenses     297       283  

 

  April 1,
2017
    December 31,
2016
 
Total Assets      
Retail   $ 5,666     $ 17,559  
Recycling     28,889       24,297  
    $ 34,555     $ 41,856  
Intangible assets                
Retail   $     $  
Recycling     56       56  
    $ 56     $ 56