Quarterly report pursuant to Section 13 or 15(d)

25. Segment Information

v3.19.1
25. Segment Information
3 Months Ended
Mar. 30, 2019
Segment Reporting [Abstract]  
Segment Information

Note 25:       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. 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 13 weeks ended March 30, 2019 and March 31, 2018:

 

    Thirteen Weeks Ended  
    March 31, 2019     March 30, 2018  
Revenues            
Recycling   $ 6,293     $ 8,913  
Technology            
Total Revenues   $ 6,293     $ 8,913  
                 
Gross profit                
Recycling   $ 1,149     $ 2,412  
Technology            
Total Gross profit   $ 1,149     $ 2,412  
                 
Operating loss                
Recycling   $ (1,805 )   $ (289 )
Technology     (1,070 )     (1,273 )
Total Operating loss   $ (2,875 )   $ (1,562 )
                 
Depreciation and amortization                
Recycling   $ 78     $ 61  
Technology     935       933  
Total Depreciation and amortization   $ 1,013     $ 994  
                 
Interest income (expense)                
Recycling   $ 8     $ (591 )
Technology            
Total Interest income (expense)   $ 8     $ (591 )
                 
Net loss before benefit for income taxes                
Recycling   $ (1,658 )   $ (777 )
Technology     (1,070 )     (1,273 )
Total Net loss before benefit for income taxes   $ (2,728 )   $ (2,050 )

 

    As of     As of  
    March 30,     December 29,  
    2019     2018  
Assets                
Recycling   $ 13,691     $ 13,566  
Technology     20,328       21,055  
Total Assets   $ 34,019     $ 34,621  
                 
Intangible Assets                
Recycling   $ 19     $ 19  
Technology     20,036       20,969  
Total Intangible Assets   $ 20,055     $ 20,988