Annual report pursuant to Section 13 and 15(d)

Segment Information

v3.20.1
Segment Information
12 Months Ended
Dec. 28, 2019
Segment Reporting [Abstract]  
Segment Information

Note 21:

  Segment information

We operate within targeted markets through three reportable segments: biotechnology, recycling and technology. The biotechnology segment started in September 2019 and is focused on development of new and innovative solutions for ending the opioid epidemic ranging from digital technologies to educational advocacy. 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. 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 (loss) 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.

The following tables present our segment information for fiscal years 2019 and 2018:

 

 

 

For the 52-Week Period Ended

 

 

 

December 28, 2019

 

 

December 29, 2018

 

Revenues

 

 

 

 

 

 

 

 

Recycling

 

$

35,097

 

 

$

36,794

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

 

 

 

 

Total Revenues

 

$

35,097

 

 

$

36,794

 

Gross profit

 

 

 

 

 

 

 

 

Recycling

 

$

7,786

 

 

$

11,053

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

 

 

 

 

Total Gross profit

 

$

7,786

 

 

$

11,053

 

Operating loss

 

 

 

 

 

 

 

 

Recycling

 

$

(6,397

)

 

$

(1,051

)

Biotechnology

 

 

(1,038

)

 

 

 

 

Technology

 

 

(4,996

)

 

 

(5,046

)

Total Operating loss

 

$

(12,431

)

 

$

(6,097

)

Depreciation and amortization

 

 

 

 

 

 

 

 

Recycling

 

$

346

 

 

$

268

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

3,730

 

 

 

3,730

 

Total Depreciation and amortization

 

$

4,076

 

 

$

3,998

 

Interest expense, net

 

 

 

 

 

 

 

 

Recycling

 

$

1,480

 

 

$

668

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

 

 

 

 

Total Interest expense

 

$

1,480

 

 

$

668

 

Net loss before provision for income taxes

 

 

 

 

 

 

 

 

Recycling

 

$

(9,008

)

 

$

(1,289

)

Biotechnology

 

 

(1,038

)

 

 

 

Technology

 

 

(5,115

)

 

 

(5,046

)

Total Net loss before provision for income taxes

 

$

(15,161

)

 

$

(6,335

)

 

 

 

As of

 

 

As of

 

 

 

December 28, 2019

 

 

December 29, 2018

 

Assets

 

 

 

 

 

 

 

 

Recycling

 

$

11,505

 

 

$

13,985

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

17,529

 

 

 

21,055

 

Total Assets

 

$

29,034

 

 

$

35,040

 

Intangible Assets

 

 

 

 

 

 

 

 

Recycling

 

$

465

 

 

$

425

 

Biotechnology

 

 

 

 

 

 

Technology

 

 

17,240

 

 

 

20,969

 

Total Intangible Assets

 

$

17,705

 

 

$

21,394