Quarterly report pursuant to Section 13 or 15(d)

23. Segment Information

v3.10.0.1
23. Segment Information
9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Segment Information

Note 23:           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. Currently, 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     24,013        
Total assets   $ 55,019     $ 41,856  
                 
Intangible assets                
Retail   $     $  
Recycling     57       57  
Technology     25,824        
Total intangible assets   $ 25,881     $ 57