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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 17 SEGMENT REPORTING In accordance with ASC 280, “Segment Reporting”, we define an operating segment as a business activity:
● | from which we may earn revenue and incur expenses;
● | whose operating results are regularly reviewed by the CODM to make decisions about resources to be allocated to the segment and assess its performance; and
● | for which discrete financial information is available.
We have two reporting segments, consisting of the Treatment and Services Segments, which are based on a service offering approach. Our reporting segments exclude our corporate headquarter, business center and our discontinued operations (see “Note 8 – Discontinued Operations”) which do not generate revenues. The table below shows certain financial information of our reporting segments as of and for the years ended December 31, 2023, and 2022 (in thousands). Segment Reporting as of and for the year ended December 31, 2023 SCHEDULE OF SEGMENT REPORTING INFORMATION
|  | Treatment |  |  | Services |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
|  | Treatment |  |  | Services |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
Revenue from external customers |  | $ | 43,477 |  |  | $ | 46,258 |  |  | $ | 89,735 | (3)(4) |  | $ | — |  |  | $ | 89,735 |
Intercompany revenues |  |  | 290 |  |  |  | 139 |  |  |  | 429 |  |  |  | — |  |  |  | — |
Gross profit |  |  | 6,876 |  |  |  | 9,493 |  |  |  | 16,369 |  |  |  | — |  |  |  | 16,369 |
Research and development |  |  | 418 |  |  |  | 38 |  |  |  | 456 |  |  |  | 105 |  |  |  | 561 |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 606 |  |  |  | 606 |
Interest expense |  |  | (91 | ) |  |  | (27 | ) |  |  | (118 | ) |  |  | (205 | ) |  |  | (323 | )
Interest expense-financing fees |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (93 | ) |  |  | (93 | )
Depreciation and amortization |  |  | 2,112 |  |  |  | 397 |  |  |  | 2,509 |  |  |  | 59 |  |  |  | 2,568 |
Segment income (loss) before income taxes |  |  | 2,107 |  |  |  | 5,854 |  |  |  | 7,961 |  |  |  | (7,026 | ) |  |  | 935 |
Income tax (benefit) expense |  |  | (121 | ) |  |  | 138 |  |  |  | 17 |  |  |  | — |  |  |  | 17 |
Segment income (loss) |  |  | 2,228 |  |  |  | 5,716 |  |  |  | 7,944 |  |  |  | (7,026 | ) |  |  | 918 |
Segment assets (1) |  |  | 40,470 |  |  |  | 10,239 |  |  |  | 50,709 |  |  |  | 28,040 | (5) |  |  | 78,749 | (9)
Expenditures for segment assets (net) |  |  | 1,696 |  |  |  | 10 |  |  |  | 1,706 |  |  |  | 8 |  |  |  | 1,714 | (7)
Total debt |  |  | 372 |  |  |  | — |  |  |  | 372 |  |  |  | 2,376 |  |  |  | 2,748 | (6)
Segment Reporting as of and for the year ended December 31, 2022
|  | Treatment |  |  | Services |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
|  | Treatment |  |  | Services |  |  | Segments Total |  |  | Corporate (2) |  |  | Consolidated Total |
Revenue from external customers |  | $ | 33,358 |  |  | $ | 37,241 |  |  | $ | 70,599 | (3)(4) |  | $ | — |  |  | $ | 70,599 |
Intercompany revenues |  |  | 56 |  |  |  | 213 |  |  |  | 269 |  |  |  | — |  |  |  | — |
Gross profit |  |  | 5,243 |  |  |  | 4,366 |  |  |  | 9,609 |  |  |  | — |  |  |  | 9,609 |
Research and development |  |  | 246 |  |  |  | 23 |  |  |  | 269 |  |  |  | 67 |  |  |  | 336 |
Interest income |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 99 |  |  |  | 99 |
Interest expense |  |  | (74 | ) |  |  | (3 | ) |  |  | (77 | ) |  |  | (98 | ) |  |  | (175 | )
Interest expense-financing fees |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (60 | ) |  |  | (61 | )
Depreciation and amortization |  |  | 1,710 |  |  |  | 334 |  |  |  | 2,044 |  |  |  | 65 |  |  |  | 2,109 |
Segment income (loss) before income taxes |  |  | 1,531 |  |  |  | 1,565 |  |  |  | 3,096 |  |  |  | (6,685 | ) |  |  | (3,589 | )(8)
Income tax benefit |  |  | (236 | ) |  |  | (133 | ) |  |  | (369 | ) |  |  | (9 | ) |  |  | (378 | )
Segment income (loss) |  |  | 1,767 |  |  |  | 1,698 |  |  |  | 3,465 |  |  |  | (6,676 | ) |  |  | (3,211 | )
Segment assets (1) |  |  | 37,918 |  |  |  | 8,473 |  |  |  | 46,391 |  |  |  | 24,507 | (5) |  |  | 70,898 | (9)
Expenditures for segment assets (net) |  |  | 866 |  |  |  | 157 |  |  |  | 1,023 |  |  |  | — |  |  |  | 1,023 | (7)
Total debt |  |  | 482 |  |  |  | 5 |  |  |  | 487 |  |  |  | 552 |  |  |  | 1,039 | (6)
(1) | Segment assets have been adjusted for intercompany accounts to reflect actual assets for each segment.
(2) | Amounts reflect the activity for corporate headquarters not included in the segment information.
(3) | The Company performed services relating to waste generated by government clients (domestic), either directly as a prime contractor or indirectly for others as a subcontractor to government entities, representing approximately $70,642,000 or 78.7% of total revenue for 2023 and $59,658,000 or 84.5% of total revenue for 2022. The following reflects such revenue generated by our two segments:
(4) | The following table reflects revenue based on customer location:
(5) | Amount includes assets from our discontinued operations of $94,000 and $96,000 as of December 31, 2023, and 2022, respectively.
(6) | Net of debt issuance costs of ($170,000) and ($88,000) for 2023 and 2022, respectively (see “Note 9 – Long-Term Debt” for additional information).
(7) | Net of financed amount of $784,000 and $114,000 for the year ended December 31, 2023, and 2022, respectively.
(8) | Includes approximately $1,975,000 recorded as other income under the ERC program under the CARES Act, as amended (see “Note 10 –Employee Retention Credit (“ERC”)” for a discussion of this refund amount).
(9) | Includes long-lived assets for continued operations as follows:
SCHEDULE OF REVENUE BY MAJOR CUSTOMERS BY REPORTING SEGMENTS
|  | 2023 |  |  | 2022 |
|  | Treatment |  |  | Services |  |  | Total |  |  | Treatment |  |  | Services |  |  | Total |
Domestic government |  | $ | 31,448 |  |  | $ | 39,194 |  |  | $ | 70,642 |  |  | $ | 23,752 |  |  | $ | 35,906 |  |  | $ | 59,658 |
(4) | The following table reflects revenue based on customer location:
SCHEDULE OF REVENUE BASED ON CUSTOMER LOCATION
|  | 2023 |  |  | 2022 |
United States |  | $ | 87,669 |  |  | $ | 69,373 |
Canada |  |  | 1,685 |  |  |  | 406 |
Germany |  |  | 206 |  |  |  | 678 |
Italy |  |  | — |  |  |  | 14 |
Slovenia |  |  | 87 |  |  |  | — |
United Kingdom |  |  | 88 |  |  |  | 128 |
Total |  | $ | 89,735 |  |  | $ | 70,599 |
(5) | Amount includes assets from our discontinued operations of $94,000 and $96,000 as of December 31, 2023, and 2022, respectively.
(6) | Net of debt issuance costs of ($170,000) and ($88,000) for 2023 and 2022, respectively (see “Note 9 – Long-Term Debt” for additional information).
(7) | Net of financed amount of $784,000 and $114,000 for the year ended December 31, 2023, and 2022, respectively.
(8) | Includes approximately $1,975,000 recorded as other income under the ERC program under the CARES Act, as amended (see “Note 10 –Employee Retention Credit (“ERC”)” for a discussion of this refund amount).
(9) | Includes long-lived assets for continued operations as follows:
SCHEDULE OF LONG-LIVED ASSETS FOR CONTINUED OPERATIONS
|  | 2023 |  |  | 2022 |
United States |  | $ | 19,009 |  |  | $ | 18,957 |
Foreign Subsidiaries |  |  | — |  |  |  | — |
Total |  | $ | 19,009 |  |  | $ | 18,957 |

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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://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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