25. Segment Information

6 Months Ended

Jun. 29, 2019

Segment Reporting [Abstract]

Segment Information

Note 25:       Segment Information

We operate within targeted markets through two reportable segments for continuing operations: recycling and technology. The recycling segment includes all fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers. The recycling segment also includes byproduct revenue, which is primarily generated through the recycling of appliances. The nature of products, services and customers for both segments varies significantly. As such, the segments are managed separately. Our Chief Executive Officer has been identified as the Chief Operating Decision Maker (“CODM”). The CODM evaluates performance and allocates resources based on sales and income from operations of each segment. Income (loss) from operations represents revenues less cost of revenues and operating expenses, including certain allocated selling, general and administrative costs. There are no intersegment sales or transfers.

The following tables present our segment information for the 13 and 26 weeks ended June 29, 2019 and June 30, 2018:

	Thirteen Weeks Ended						Twenty Six Weeks Ended
	June 29, 2019			June 30, 2018			June 29, 2019			June 30, 2018
Revenues
Recycling	$	7,601		$	8,373		$	13,894		$	17,286
Technology		–			–			–			–
Total Revenues	$	7,601		$	8,373		$	13,894		$	17,286
Gross profit
Recycling	$	1,868		$	2,150		$	3,017		$	4,562
Technology		–			–			–			–
Total Gross profit	$	1,868		$	2,150		$	3,017		$	4,562
Operating loss
Recycling	$	(1,218	)	$	(390	)	$	(2,881	)	$	(679	)
Technology		(1,171	)		(1,212	)		(2,383	)		(2,485	)
Total Operating loss	$	(2,389	)	$	(1,602	)	$	(5,264	)	$	(3,164	)
Depreciation and amortization
Recycling	$	21		$	59		$	99		$	120
Technology		936			933			1,871			1,866
Total Depreciation and amortization	$	957		$	992		$	1,970		$	1,986
Interest expense
Recycling	$	14		$	38		$	6		$	629
Technology		–			–			–			–
Total Interest expense	$	14		$	38		$	6		$	629
Net loss before benefit from income taxes
Recycling	$	(451	)	$	(476	)	$	(2,109	)	$	(1,253	)
Technology		(1,313	)		(1,212	)		(2,383	)		(2,485	)
Total Net loss before benefit from income taxes	$	(1,764	)	$	(1,688	)	$	(4,492	)	$	(3,738	)

	As of		As of
	June 29,		December 29,
	2019		2018
Assets
Recycling	$	14,063	$	13,566
Technology		19,420		21,055
Total Assets	$	33,483	$	34,621
Goodwill and intangible assets
Recycling	$	19	$	19
Technology		19,103		20,969
Total Goodwill and intangible assets	$	19,122	$	20,988