| Schedule of Segment Reporting Information |
The table below shows certain financial information
of our reporting segments as of and for the years ended December 31, 2020 and 2019 (in thousands).
Segment Reporting as of and for the year ended December 31, 2020
| |
|
Treatment |
|
|
Services |
|
|
Medical |
|
|
Segments Total |
|
|
Corporate |
(2) |
|
Consolidated Total |
|
| Revenue from external customers |
|
$ |
30,143 |
|
|
$ |
75,283 |
|
|
|
— |
|
|
$ |
105,426 |
(3)(4) |
|
$ |
— |
|
|
$ |
105,426 |
|
| Intercompany revenues |
|
|
1,493 |
|
|
|
25 |
|
|
|
— |
|
|
|
1,518 |
|
|
|
— |
|
|
|
— |
|
| Gross profit |
|
|
5,491 |
|
|
|
10,402 |
|
|
|
— |
|
|
|
15,893 |
|
|
|
— |
|
|
|
15,893 |
|
| Research and development |
|
|
243 |
|
|
|
132 |
|
|
|
311 |
|
|
|
686 |
|
|
|
76 |
|
|
|
762 |
|
| Interest income |
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
139 |
|
|
|
140 |
|
| Interest expense |
|
|
(115 |
) |
|
|
(27 |
) |
|
|
— |
|
|
|
(142 |
) |
|
|
(256 |
) |
|
|
(398 |
) |
| Interest expense-financing fees |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(294 |
) |
|
|
(294 |
) |
| Depreciation and amortization |
|
|
1,204 |
|
|
|
354 |
|
|
|
— |
|
|
|
1,558 |
|
|
|
38 |
|
|
|
1,596 |
|
| Segment income (loss) before income taxes |
|
|
1,494 |
|
|
|
7,826 |
|
|
|
(311 |
) |
|
|
9,009 |
|
|
|
(6,049 |
) |
|
|
2,960 |
|
| Income tax (benefit) expense |
|
|
(264 |
) |
|
|
6 |
|
|
|
— |
|
|
|
(258 |
) |
|
|
69 |
|
|
|
(189 |
) |
| Segment income (loss) |
|
|
1,758 |
|
|
|
7,820 |
|
|
|
(311 |
) |
|
|
9,267 |
|
|
|
(6,118 |
) |
|
|
3,149 |
|
| Segment assets(1) |
|
|
32,324 |
|
|
|
22,368 |
(8) |
|
|
17 |
|
|
|
54,709 |
|
|
|
24,210 |
(5) |
|
|
78,919 |
|
| Expenditures for segment assets (net) |
|
|
1,264 |
|
|
|
451 |
|
|
|
— |
|
|
|
1,715 |
|
|
|
— |
|
|
|
1,715 |
(7) |
| Total debt |
|
|
— |
|
|
|
23 |
|
|
|
— |
|
|
|
23 |
|
|
|
6,706 |
|
|
|
6,729 |
(6) |
Segment Reporting as of and for the year ended December 31, 2019
| |
|
|
Treatment |
|
|
|
Services |
|
|
|
Medical |
|
|
|
Segments Total |
|
|
|
Corporate |
(2) |
|
|
Consolidated Total |
|
| Revenue from external customers |
|
$ |
40,364 |
|
|
$ |
33,095 |
|
|
|
— |
|
|
$ |
73,459 |
(3)(4) |
|
$ |
— |
|
|
$ |
73,459 |
|
| Intercompany revenues |
|
|
329 |
|
|
|
38 |
|
|
|
— |
|
|
|
367 |
|
|
|
— |
|
|
|
— |
|
| Gross profit |
|
|
12,248 |
|
|
|
3,336 |
|
|
|
— |
|
|
|
15,584 |
|
|
|
— |
|
|
|
15,584 |
|
| Research and development |
|
|
401 |
|
|
|
12 |
|
|
|
314 |
|
|
|
727 |
|
|
|
23 |
|
|
|
750 |
|
| Interest income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
337 |
|
|
|
337 |
|
| Interest expense |
|
|
(129 |
) |
|
|
(23 |
) |
|
|
— |
|
|
|
(152 |
) |
|
|
(280 |
) |
|
|
(432 |
) |
| Interest expense-financing fees |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(208 |
) |
|
|
(208 |
) |
| Depreciation and amortization |
|
|
999 |
|
|
|
318 |
|
|
|
— |
|
|
|
1,317 |
|
|
|
25 |
|
|
|
1,342 |
|
| Segment income (loss) before income taxes |
|
|
7,973 |
|
|
|
795 |
|
|
|
(314 |
) |
|
|
8,454 |
|
|
|
(5,565 |
) |
|
|
2,889 |
|
| Income tax expense |
|
|
153 |
|
|
|
— |
|
|
|
— |
|
|
|
153 |
|
|
|
4 |
|
|
|
157 |
|
| Segment income (loss) |
|
|
7,820 |
|
|
|
795 |
|
|
|
(314 |
) |
|
|
8,301 |
|
|
|
(5,569 |
) |
|
|
2,732 |
|
| Segment assets(1) |
|
|
34,260 |
|
|
|
15,410 |
(8) |
|
|
16 |
|
|
|
49,686 |
|
|
|
16,829 |
(5) |
|
|
66,515 |
|
| Expenditures for segment assets (net) |
|
|
1,366 |
|
|
|
169 |
|
|
|
— |
|
|
|
1,535 |
|
|
|
— |
|
|
|
1,535 |
(7) |
| Total debt |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,880 |
|
|
|
3,880 |
(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 and foreign (primarily Canadian)), either directly as a prime contractor or indirectly for others as a subcontractor to government entities, representing approximately 96,582,000 or 91.6% of total revenue for 2020 and $59,985,000 or 81.7% of total revenue for 2019. The following reflects such revenue generated by our two segments: |
| |
|
2020 |
|
|
2019 |
|
| |
|
Treatment |
|
|
Services |
|
|
Total |
|
|
Treatment |
|
|
Services |
|
|
Total |
|
| Domestic government |
|
$ |
22,795 |
|
|
$ |
68,237 |
|
|
$ |
91,032 |
|
|
$ |
29,420 |
|
|
$ |
25,077 |
|
|
$ |
54,497 |
|
| Foreign government |
|
|
415 |
|
|
|
5,135 |
|
|
|
5,550 |
|
|
|
279 |
|
|
|
5,209 |
|
|
|
5,488 |
|
| Total |
|
$ |
23,210 |
|
|
$ |
73,372 |
|
|
$ |
96,582 |
|
|
$ |
29,699 |
|
|
$ |
30,286 |
|
|
$ |
59,985 |
|
| (4) |
The following table reflects revenue based on customer location: |
| |
|
2020 |
|
|
2019 |
|
| United States |
|
$ |
99,790 |
|
|
$ |
67,822 |
|
| Canada |
|
|
5,550 |
|
|
|
5,488 |
|
| United Kingdom |
|
|
86 |
|
|
|
149 |
|
| Total |
|
$ |
105,426 |
|
|
$ |
73,459 |
|
| (5) |
Amount includes assets from our discontinued operations of $103,000 and $221,000 at December 31, 2020 and 2019, respectively. |
| (6) |
Net of debt discount/debt issuance costs of ($105,000) and ($340,000) for 2020 and 2019, respectively (see “Note 10 – “Long-Term Debt” for additional information). |
| (7) |
Net of financed amount of $883,000 and $393,000 for the year ended December 31, 2020 and 2019, respectively. |
| (8) |
Includes long-lived asset (net) for our PF Canada, Inc. subsidiary of $33,000 and $41,000 for the year ended December 31, 2020 and 2019, respectively. |
|