Annual report pursuant to Section 13 and 15(d)

25. Segment Information

v3.19.1
25. Segment Information
12 Months Ended
Dec. 29, 2018
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 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 (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. Our retail segment comprised of ApplianceSmart was sold on December 29, 2018, see Note 7.

 

The following tables present our segment information for continuing operations for fiscal years 2018 and 2017:

 

    Fifty Two Weeks Ended  
    December 29, 2018     December 30, 2017  
             
Revenues                
Recycling   $ 36,794     $ 41,544  
Technology            
Total Revenues   $ 36,794     $ 41,544  
                 
Gross profit                
Recycling   $ 11,053     $ 13,145  
Technology            
Total Gross profit   $ 11,053     $ 13,145  
                 
Operating income (loss)                
Recycling   $ (1,051 )   $ 1,300  
Technology     (5,046 )     (1,531 )
Total Operating income (loss)   $ (6,097 )   $ (231 )
                 
Depreciation and amortization                
Recycling   $ 268     $ 750  
Technology     3,730       1,397  
Total Depreciation and amortization   $ 3,998     $ 2,147  
                 
Interest expense                
Recycling   $ 668     $ 894  
Technology            
Total Interest expense   $ 668     $ 894  
                 
Net income (loss) before provision for income taxes                
Recycling   $ (1,289 )   $ 5,598  
Technology     (5,046 )     (1,531 )
Total Net income (loss) before provision for income taxes   $ (6,335 )   $ 4,067  

  

    As of     As of  
    December 29,     December 30,  
    2018     2017  
Assets                
Recycling   $ 13,566     $ 21,745  
Technology     21,055       25,146  
Total Assets   $ 34,621     $ 46,891  
                 
Intangible Assets                
Recycling   $ 19     $ 19  
Technology     20,969       24,699  
Total Intangible Assets   $ 20,988     $ 24,718  

 

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