Quarterly report pursuant to Section 13 or 15(d)

Segment and Related Information

v3.7.0.1
Segment and Related Information
6 Months Ended
Jun. 30, 2017
Segment and Related Information [Abstract]  
SEGMENT AND RELATED INFORMATION

NOTE 14 – SEGMENT AND RELATED INFORMATION

 

Historically, the Company had one operating segment. However, with the acquisition of The Mid-Atlantic segment during the six months ended June 30, 2017, the Company’s operations are now managed through two operating segments: Mid-Atlantic and Midwest regions. These two operating segments and corporate are presented below as its reportable segments. The historical results, discussion and presentation of the Company’s reportable segments are the result of its integrated waste management services consisting of collection, transfer, recycling and disposal of non-hazardous solid waste. Summarized financial information concerning our reportable segments for the six months ended June 30, 2017 is shown in the following table:

 

    Service 
Revenues
    Net
Income (loss)
    Depreciation and Amortization     Capital Expenditures    

Goodwill

    Total 
Assets
 
                                     
Mid-Atlantic   $ 8,160,000     $ (2,841,000 )   $ 3,072,000     $ 2,626,000     $ 6,014,000     $ 58,800,000  
Midwest     16,965,000       (1,996,000 )     4,296,000       6,500,000       7,234,000       50,205,000  
Corporate     -       (5,718,000 )     23,000       100,000       -       1,085,000  
Total   $ 25,125,000     $ (10,555,000 )   $ 7,391,000     $ 9,226,000     $ 13,248,000     $ 110,090,000