Annual report pursuant to Section 13 and 15(d)

24. Segment Information

v3.8.0.1
24. Segment Information
12 Months Ended
Dec. 30, 2017
Segment Reporting [Abstract]  
Segment Information

Note 24:       Segment information

 

We operate within targeted markets through two reportable segments for continuing operations: recycling and technology. The recycling segment includes all fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers. The recycling segment also includes byproduct revenue, which is primarily generated through the recycling of appliances and includes all revenues from AAP up until the date of deconsolidation August 15, 2017. 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 sales 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 intersegment sales or transfers. Our retail segment comprised of ApplianceSmart was sold on December 30, 2017, see Note 7.

 

The following tables present our segment information for continuing operations for fiscal years 2017 and 2016:

 

    Year Ended  
    December 30, 2017     December 31, 2016  
Revenues                
Recycling   $ 41,544     $ 40,459  
Technology            
Total Revenues   $ 41,544     $ 40,459  
Gross profit                
Recycling   $ 13,145     $ 12,359  
Technology            
Total Gross profit   $ 13,145     $ 12,359  
Operating income                
Recycling   $ 1,300     $ 1,119  
Technology     (1,531 )      
Total Operating income   $ (231 )   $ 1,119  
Depreciation and amortization                
Recycling   $ 750     $ 959  
Technology     1,397        
Total Depreciation and amortization   $ 2,147     $ 959  
Interest expense                
Recycling   $ 894     $ 1,168  
Technology            
Total Interest expense   $ 894     $ 1,168  
Net income (loss) before provision for income taxes                
Recycling   $ 5,598     $ (40 )
Technology     (1,531 )      
Total Net income (loss) before provision for income taxes   $ 4,067     $ (40 )

 

    As of     As of  
    December 30,     December 31,  
    2017     2016  
Assets            
Recycling   $ 21,745     $ 24,251  
Technology     25,146        
Total Assets   $ 46,891     $ 24,251  
                 
Goodwill and intangible assets                
Recycling   $ 19     $ 57  
Technology     24,699        
Total Goodwill and intangible assets   $ 24,718     $ 57  

 

Certain items have been reclassified from prior year for presentation with no effect to net income.