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24. Segment Information | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
Segment Information | Note 24: Segment Information We operate within targeted markets through two reportable segments: recycling and technology. 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. At this time, 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:
|  | Thirteen Weeks Ended |  |  | Twenty Six Weeks Ended |
|  | June 30, 2018 |  |  | July 1, 2017 |  |  | June 30, 2018 |  |  | July 1, 2017 |
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | 8,373 |  |  | $ | 10,744 |  |  | $ | 17,286 |  |  | $ | 18,194 |
Technology |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Total Revenues |  | $ | 8,373 |  |  | $ | 10,744 |  |  | $ | 17,286 |  |  | $ | 18,194 |
Gross profit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | 2,150 |  |  | $ | 3,989 |  |  | $ | 4,562 |  |  | $ | 5,805 |
Technology |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Total Gross profit |  | $ | 2,150 |  |  | $ | 3,989 |  |  | $ | 4,562 |  |  | $ | 5,805 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | (390 | ) |  | $ | 1,577 |  |  | $ | (679 | ) |  | $ | (54 | )
Technology |  |  | (1,212 | ) |  |  | – |  |  |  | (2,485 | ) |  |  | – |
Total Operating income |  | $ | (1,602 | ) |  | $ | 1,577 |  |  | $ | (3,164 | ) |  | $ | (54 | )
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | 59 |  |  | $ | 247 |  |  | $ | 120 |  |  | $ | 504 |
Technology |  |  | 933 |  |  |  | – |  |  |  | 1,866 |  |  |  | – |
Total Depreciation and amortization |  | $ | 992 |  |  | $ | 247 |  |  | $ | 1,986 |  |  | $ | 504 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | 38 |  |  | $ | 125 |  |  | $ | 629 |  |  | $ | 422 |
Technology |  |  | – |  |  |  | – |  |  |  | – |  |  |  | – |
Total Interest expense |  | $ | 38 |  |  | $ | 125 |  |  | $ | 629 |  |  | $ | 422 |
Net income (loss) before provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Recycling |  | $ | (476 | ) |  | $ | 1,276 |  |  | $ | (1,253 | ) |  | $ | 4,516 |
Technology |  |  | (1,212 | ) |  |  | – |  |  |  | (2,485 | ) |  |  | – |
Total Net income (loss) before provision for income taxes |  | $ | (1,688 | ) |  | $ | 1,276 |  |  | $ | (3,738 | ) |  | $ | 4,516 |
|  | As of |  |  | As of |
|  | June 30, |  |  | December 30, |
|  | 2018 |  |  | 2017 |
Assets |  |  |  |  |  |
Recycling |  | $ | 13,451 |  |  | $ | 21,745 |
Technology |  |  | 22,988 |  |  |  | 25,146 |
Total Assets |  | $ | 36,439 |  |  | $ | 46,891 |
Goodwill and intangible assets |  |  |  |  |  |  |  |
Recycling |  | $ | 19 |  |  | $ | 19 |
Technology |  |  | 22,833 |  |  |  | 24,699 |
Total Goodwill and intangible assets |  | $ | 22,852 |  |  | $ | 24,718 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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