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Basis of Accounting: Segment Reporting, Policy (Policies)
 3 Months Ended
Mar. 31, 2019
Policies  
Segment Reporting, Policy

Segment Disclosure     

FASB Codification Topic 280, Segment Reporting, establishes standards for reporting financial and descriptive information about an enterprise’s reportable segments.  The Company has three reportable segments: Clean Energy Technologies; Heat recovery solutions and our service center CETY Europe, which provides support services to our currently installed units in Europe. The segments are determined based on several factors, including the nature of products and services, the nature of production processes, customer base, delivery channels and similar economic characteristics. Refer to note 1 for a description of the various product categories manufactured under each of these segments. An operating segment's performance is evaluated based on its pre-tax operating contribution, or segment income. Segment income is defined as net sales less cost of sales, and segment selling, general and administrative expenses, and does not include amortization of intangibles, stock-based compensation, other charges (income), net and interest and other, net.

 

Selected Financial Data:

 

 

three months ended March 31,

 

                                2019 

                         2018 

 Net Sales

 

 

Clean Energy

                           151,633 

                    149,515 

 Heat Recovery

                             25,448 

                      22,876 

Cety Europe

                             47,282 

                                - 

 Total Sales

                           224,363 

                    172,391 

 

 

 

 Segment income and reconciliation before tax

 

 

Clean Energy

                             25,141 

                        7,232 

Heat Recovery

                             17,835 

                      21,455 

Cety Europe

                             32,210 

                                - 

 Total Segment income

                             75,186 

                      28,687 

 

 

 

 Reconciling items

 

 

 General and Administrative

                         (116,541)

                  (159,335)

 Share Based Expense

                                        - 

                    (91,140)

Salaries

                         (203,303)

                  (194,062)

Rent

                           (82,034)

                    (70,979)

Financing Fees

                                        - 

                  (378,155)

Loss on disposal of fixed assets

                                        - 

                      (6,618)

Change in derivative liability

                         (159,733)

                  (273,178)

 Interest expense

                         (240,352)

                  (168,468)

 Net Loss before income tax

                         (726,777)

              (1,313,248)

 

 

 

 

 

 

March 31, 2019

March 31, 2018

 Total Assets

 

 

 Electronics Assembly

                        1,080,909 

                1,308,322 

 Clean Energy HRS

                        1,776,240 

                1,702,632 

Cety Europe

                             30,150 

                                - 

 

                        2,887,299 

                3,010,954