v3.25.4

SEGMENT REPORTING | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 19 – SEGMENT REPORTING Greenwave is organized into three operating segments based on our differentiated products – Scrap Metal Recycling, Hauling, and Other (primarily comprised of rental income). We have one reportable geographic segment: the United States of America as all of our scrap metal is sourced domestically. Our Chief Operating Decision Maker (“CODM”), Danny Meeks, Chairman and CEO, evaluates performance on both an operating segment basis and a consolidated basis, primarily using revenues, gross profit, and operating cash flows. These measures are used by the CODM, management, investors, lenders, and other external users of our financial statements to assess our operating performance and to compare results to other companies in the metal recycling industry. Our CODM utilizes segment profit and loss in assessing segment performance and in allocating resources among our operations. Operating expenses, including selling, general and administrative expenses, depreciation and amortization, and other operating costs, are managed centrally and are not allocated to individual operating segments. These expenses are not included in the information regularly provided to or reviewed by the CODM when evaluating segment performance or making resource allocation decisions. As such, consistent with the requirements of ASU 2023-07, we present operating expenses only in the “Total” column and do not disaggregate these expenses by segment. The following tables provide our results by segment: SCHEDULE OF SEGMENT REPORTING
|  |  | Recycling |  |  |  | Hauling |  |  |  | Other |  |  |  | Total |
|  | Six Months Ended June 30, 2025 |
|  |  | Scrap Metal |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Recycling |  |  |  | Hauling |  |  |  | Other |  |  |  | Total |
Revenues |  | $ | 11,507,645 |  |  | $ | 6,777,347 |  |  | $ | 45,000 |  |  | $ | 18,329,992 |
Cost of revenues |  |  | (9,508,357 | ) |  |  | (3,221,807 | ) |  |  | - |  |  |  | (12,730,164 | )
Gross Profit: |  | $ | 1,999,288 |  |  | $ | 3,555,540 |  |  | $ | 45,000 |  |  | $ | 5,599,828 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (14,132,730 | )
Other Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,050,436 | )
Deemed Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,999,964 | )
Net loss available to common shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (12,583,302 | )
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
|  | Six Months Ended June 30, 2024 |
|  | Scrap Metal |  |  |  |  |  |  |  |  |  |
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
Revenues |  | $ | 11,608,284 |  |  | $ | 4,703,276 |  |  | $ | 75,112 |  |  | $ | 16,386,672 |
Cost of revenues |  |  | (8,172,883 | ) |  |  | (2,665,673 | ) |  |  | - |  |  |  | (10,838,556 | )
Gross Profit: |  | $ | 3,435,401 |  |  | $ | 2,037,603 |  |  | $ | 75,112 |  |  | $ | 5,548,116 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (17,321,013 | )
Other Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,033,706 |
Deemed Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (76,528,836 | )
Net loss available to common shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (77,268,027 | )
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
|  | Three Months Ended June 30, 2025 |
|  | Scrap Metal |  |  |  |  |  |  |  |  |  |
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
Revenues |  | $ | 7,110,100 |  |  | $ | 3,865,182 |  |  | $ | 21,000 |  |  | $ | 10,996,282 |
Cost of revenues |  |  | (7,381,585 | ) |  |  | (1,501,532 | ) |  |  | - |  |  |  | (8,883,117 | )
Gross Profit: |  | $ | (271,485 | ) |  | $ | 2,363,650 |  |  | $ | 21,000 |  |  | $ | 2,113,165 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (6,764,560 | )
Other Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (266,204 | )
Deemed Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | - |
Net loss available to common shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (4,917,599 | )
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
|  | Three Months Ended June 30, 2024 |
|  | Scrap Metal |  |  |  |  |  |  |  |  |  |
|  | Recycling |  |  | Hauling |  |  | Other |  |  | Total |
Revenues |  | $ | 5,387,899 |  |  | $ | 2,449,384 |  |  | $ | 44,612 |  |  | $ | 7,881,895 |
Cost of revenues |  |  | (4,091,870 | ) |  |  | (1,506,170 | ) |  |  | - |  |  |  | (5,598,040 | )
Gross Profit: |  | $ | 1,296,029 |  |  | $ | 943,214 |  |  | $ | 44,612 |  |  | $ | 2,283,855 |
Operating Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (11,245,027 | )
Other Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16,284,495 |
Deemed Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (51,130,572 | )
Net loss available to common shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (43,807,249 | )

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- Definition The entire disclosure for reporting segments including data and tables. 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