Quarterly report pursuant to Section 13 or 15(d)

17. Segment Information

v3.8.0.1
17. Segment Information
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Information

We operate within targeted markets through three reportable segments: retail, recycling and technology. The retail segment is composed of income generated through our ApplianceSmart stores, which includes appliance sales and byproduct revenues from collected appliances. The recycling segment is composed of income generated by fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers and includes byproduct revenue, which are primarily generated through the recycling of appliances. We have included the results from consolidating AAP in our recycling segment through August 15, 2017. The technology segment is composed of all revenue and costs incurred or associated with GeoTraq. At this time, GeoTraq. is in the development stage and expects to go to market with products and services in the location based services market. The nature of products, services and customers for each segment 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:

 

    13 Weeks Ended     39 Weeks Ended  
    September 30, 2017    

October 1,

2016

    September 30, 2017    

October 1,

2016

 
                         
 Revenues                                
 Retail   $ 13,678     $ 15,102     $ 44,334     $ 47,769  
 Recycling     11,806       12,254       30,171       29,688  
 Technology                        
 Total revenues   $ 25,484     $ 27,356     $ 74,505     $ 77,457  
                                 
                                 
 Gross profit                                
 Retail   $ 3,996     $ 4,089     $ 12,933     $ 13,149  
 Recycling     4,433       4,362       10,238       7,929  
 Technology                        
 Total gross profit   $ 8,429     $ 8,451     $ 23,171     $ 21,078  
                                 
 Operating income (loss)                                
 Retail   $ 308     $ (112 )   $ 2,110     $ (549 )
 Recycling     1,092       1,527       166       84  
 Technology     (272 )           (272 )      
 Total operating income (loss)   $ 1,128     $ 1,415     $ 2,004     $ (465 )
                                 
 Depreciation and amortization                                
 Retail   $ 42     $ 46     $ 131     $ 151  
 Recycling     131       256       651       785  
 Technology     272             272        
 Total depreciation and amortization   $ 445     $ 302     $ 1,054     $ 936  

 

 

   

September 30,

2017

   

December 31,

2016

 
             
 Assets                
 Retail   $ 15,285     $ 17,559  
 Recycling     15,721       24,297  
 Technology     15,185        
 Total assets   $ 46,191     $ 41,856  
                 
 Intangible assets                
 Retail   $ 2     $  
 Recycling     55       57  
 Technology     15,691        
 Total intangible assets   $ 15,748     $ 57