Quarterly report pursuant to Section 13 or 15(d)

24. Segment Information

v3.8.0.1
24. Segment Information
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
Segment Information

Note 24:          Segment Information

 

We operate within targeted markets through two reportable segments: recycling and technology. 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:

 

    Thirteen Weeks Ended  
    March 31,
2018
    April 1,
2017
 
Revenues            
Recycling   $ 8,913     $ 7,450  
Technology            
Total Revenues   $ 8,913     $ 7,450  
                 
Gross profit                
Recycling   $ 2,412     $ 1,816  
Technology            
Total Gross profit   $ 2,412     $ 1,816  
                 
Operating loss                
Recycling   $ (289 )   $ (1,631 )
Technology     (1,273 )      
Total Operating income   $ (1,562 )   $ (1,631 )
                 
Depreciation and amortization                
Recycling   $ 61     $ 257  
Technology     933        
Total Depreciation and amortization   $ 994     $ 257  
                 
Interest expense                
Recycling   $ 591     $ 297  
Technology            
Total Interest expense   $ 591     $ 297  
                 
Net income (loss) before provision for income taxes                
Recycling   $ (777 )   $ 3,240  
Technology     (1,273 )      
Total Net income (loss) before provision for income taxes   $ (2,050 )   $ 3,240  

 

 

    As of     As of  
    March 31,     December 30,  
    2018     2017  
Assets            
Recycling   $ 12,007     $ 21,745  
Technology     24,852       25,146  
Total Assets   $ 36,859     $ 46,891  
                 
Goodwill and intangible assets                
Recycling   $ 19     $ 19  
Technology     23,766       24,699  
Total Goodwill and intangible assets   $ 23,785     $ 24,718