XML 28 R18.htm IDEA: XBRL DOCUMENT v3.23.1
Operating Segments
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Operating Segments

11. Operating Segments

 

In accordance with ASC 280, “Segment Reporting”, the Company defines an operating segment as a business activity: (1) from which we may earn revenue and incur expenses; (2) whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance; and (3) for which discrete financial information is available.

 

Our reporting segments are defined below:

 

TREATMENT SEGMENT, which includes:

 

  - nuclear, low-level radioactive, mixed waste (containing both hazardous and low-level radioactive constituents), hazardous and non-hazardous waste treatment, processing and disposal services primarily through four uniquely licensed and permitted treatment and storage facilities; and
  - R&D activities to identify, develop and implement innovative waste processing techniques for problematic waste streams.

 

SERVICES SEGMENT, which includes:

 

  - Technical services, which include:

 

  ○ professional radiological measurement and site survey of large government and commercial installations using advanced methods, technology and engineering;
  ○ integrated Occupational Safety and Health services including industrial hygiene (“IH”) assessments; hazardous materials surveys, e.g., exposure monitoring; lead and asbestos management/abatement oversight; indoor air quality evaluations; health risk and exposure assessments; health & safety plan/program development, compliance auditing and training services; and Occupational Safety and Health Administration (“OSHA”) citation assistance;
  ○ global technical services providing consulting, engineering, project management, waste management, environmental, and decontamination and decommissioning field, technical, and management personnel and services to commercial and government customers; and
  ○ on-site waste management services to commercial and governmental customers.

 

 

  - Nuclear services, which include:

 

  ○ technology-based services including engineering, decontamination and decommissioning (“D&D”), specialty services and construction, logistics, transportation, processing and disposal;
  ○ remediation of nuclear licensed and federal facilities and the remediation cleanup of nuclear legacy sites. Such services capability includes: project investigation; radiological engineering; partial and total plant D&D; facility decontamination, dismantling, demolition, and planning; site restoration; logistics; transportation; and emergency response; and

 

  - A company owned equipment calibration and maintenance laboratory that services, maintains, calibrates, and sources (i.e., rental) health physics, IH and customized nuclear, environmental, and occupational safety and health (“NEOSH”) instrumentation.

 

Our reporting segments exclude our corporate headquarters and our discontinued operations (see “Note 10 – Discontinued Operations”) which do not generate revenues.

 

The table below presents certain financial information of our operating segments for the three months ended March 31, 2023 and 2022 (in thousands):

 

   Treatment   Services   Segments Total   Corporate(1)   Consolidated Total 
Segment Reporting for the Quarter Ended March 31, 2023            
   Treatment   Services   Segments Total   Corporate(1)   Consolidated Total 
Revenue from external customers  $9,594   $10,513   $20,107   $—   $20,107 
Intercompany revenues   204    19    223    —    — 
Gross profit   1,252    1,757    3,009    —    3,009 
Research and development   67    3    70    29    99 
Interest income   —    —    —    127    127 
Interest expense   (22)   (1)   (23)   (30)   (53)
Interest expense-financing fees   —    —    —    (20)   (20)
Depreciation and amortization   573    160    733    14    747 
Segment income (loss) before income taxes   157    943    1,100    (1,622)   (522)
Income tax benefit   (174)   (30)   (204)   —    (204)
Segment income (loss)   331    973    1,304    (1,622)   (318)
Expenditures for segment assets   748    —    748    —    748(2)

 

   Treatment   Services   Segments Total   Corporate(1)   Consolidated Total 
Segment Reporting for the Quarter Ended March 31, 2022            
   Treatment   Services   Segments Total   Corporate(1)   Consolidated Total 
Revenue from external customers  $7,479   $8,436   $15,915   $—   $15,915 
Intercompany revenues   —    —    —    —    — 
Gross profit   638    998    1,636    —    1,636 
Research and development   65    14    79    17    96 
Interest income   —    —    —    11    11 
Interest expense   (14)   (1)   (15)   (20)   (35)
Interest expense-financing fees   —    —    —    (13)   (13)
Depreciation and amortization   371    71    442    14    456 
Segment (loss) income before income taxes   (481)   285    (196)   (1,726)   (1,922)
Income tax benefit   (559)   (114)   (673)   —    (673)
Segment income (loss)   78    399    477    (1,726)   (1,249)
Expenditures for segment assets   296    49    345    —    345(2)

 

(1)Amounts reflect the activity for corporate headquarters not included in the segment information.

 

(2)Net of financed amount of $50,000 and $114,000 for the three months ended March 31, 2023 and 2022, respectively.