10-Q Filing

Strategic Environmental & Energy Resources, Inc. CIK: 1576197 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001387131-14-001962`
Period End Date	20140331
Filing Date	20140515
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	seer-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 35 Cash Flow Statement 53

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$76.00K	USD	Point-in-time
Preferred stock, par value (in dollars per shares)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per shares)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$70.40K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$2.17M	USD	Point-in-time
Cash	`Cash`	$2.42M	USD	Point-in-time
Cash	`Cash`	$130.20K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$250.00K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$250.00K	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $76,000	`AccountsReceivableNetCurrent`	$1.45M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $76,000	`AccountsReceivableNetCurrent`	$1.17M	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$78.50K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$102.00K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Inventory	`InventoryNet`	$22.40K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.57M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	47.91M	shares	Point-in-time
Inventory	`InventoryNet`	$22.40K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$253.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$171.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockOtherSharesOutstanding`	50.57M	shares	Point-in-time
Common stock, outstanding	`CommonStockOtherSharesOutstanding`	47.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.19M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.16M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.76M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.48M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$379.50K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$364.10K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.80K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.80K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.25M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.04M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.51M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.29M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$924.20K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$954.30K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$178.20K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$170.30K	USD	Point-in-time
Current portion of payroll taxes payable	`AccruedPayrollTaxesCurrent`	$264.90K	USD	Point-in-time
Current portion of payroll taxes payable	`AccruedPayrollTaxesCurrent`	$250.60K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$118.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$435.60K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$504.70K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$405.30K	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$138.80K	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$136.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.66M	USD	Point-in-time
Payroll taxes payable, net of current portion	`AccruedPayrollTaxesNoncurrent`	$727.60K	USD	Point-in-time
Payroll taxes payable, net of current portion	`AccruedPayrollTaxesNoncurrent`	$720.80K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$26.30K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$48.10K	USD	Point-in-time
Total liabilities	`Liabilities`	$4.38M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.42M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock; $.001 par value; 5,000,000 shares authorized; -0- shares issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 50,573,909 and 47,911,975 shares issued and outstanding 2014 and 2013, respectively	`CommonStockValue`	$50.60K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 50,573,909 and 47,911,975 shares issued and outstanding 2014 and 2013, respectively	`CommonStockValue`	$47.90K	USD	Point-in-time
Common stock subscribed	`TemporaryEquitySharesSubscribedButUnissuedSubscriptionsReceivable`	$-50.00K	USD	Point-in-time
Common stock subscribed	`TemporaryEquitySharesSubscribedButUnissuedSubscriptionsReceivable`	$-50.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$14.57M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.32M	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$50.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.18M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.12M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.43M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-506.70K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-438.60K	USD	Point-in-time
Total equity	`StockholdersEquity`	$2.62M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.99M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.04M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$6.37M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$520.10K	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$901.60K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.26M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$1.67M	USD	1 Quarter
Total revenue	`Revenues`	$2.57M	USD	1 Quarter
Total revenue	`Revenues`	$2.78M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$583.60K	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$380.20K	USD	1 Quarter
Services costs	`CostOfServices`	$1.19M	USD	1 Quarter
Services costs	`CostOfServices`	$1.58M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.77M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.87M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-206.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$34.50K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60K	USD	1 Quarter
Penalties and late fees	`PenaltiesAndLateFees`	$1.10K	USD	1 Quarter
Penalties and late fees	`PenaltiesAndLateFees`	$1.40K	USD	1 Quarter
Gain on debt settlement	`GainsLossesOnExtinguishmentOfDebt`	$24.40K	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$15.70K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Total non-operating income (expense), net	`NonoperatingIncomeExpense`	$-33.90K	USD	1 Quarter
Net loss	`ProfitLoss`	$-239.90K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.10M	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-68.10K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-68.40K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-171.50K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per shares)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per shares)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	41.28M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.35M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-239.90K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.10M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-1.10K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$22.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$93.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$86.90K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$648.70K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.50K	USD	1 Quarter
Gains on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$24.40K	USD	1 Quarter
Cash - restricted	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$88.40K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-276.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-128.60K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContracts`	$-142.00K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContracts`	$-23.50K	USD	1 Quarter
Inventory and Inventory held for sale	`IncreaseDecreaseInInventories`	$27.50K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$82.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-154.60K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-220.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$98.50K	USD	1 Quarter
Accrued liabilities and related party notes payable accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$2.00K	USD	1 Quarter
Accrued liabilities and related party notes payable accrued interest	`IncreaseDecreaseInAccruedLiabilities`	$18.90K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$135.20K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$7.90K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$317.60K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-3.40K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$34.20K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-446.40K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-201.70K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$784.90K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$191.80K	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$5.90K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-191.80K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-790.80K	USD	1 Quarter
Payments of notes payments and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$96.80K	USD	1 Quarter
Payments of notes payments and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$38.90K	USD	1 Quarter
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	$1.80K	USD	1 Quarter
Proceeds from exercise of warrants	`ProceedsFromWarrantExercises`	$305.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	$494.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	$776.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$453.30K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$984.20K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-253.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$59.80K	USD	1 Quarter
Cash at the beginning of year	`Cash`	$70.40K	USD	Point-in-time
Cash at the beginning of year	`Cash`	$2.17M	USD	Point-in-time
Cash at the beginning of year	`Cash`	$2.42M	USD	Point-in-time
Cash at the beginning of year	`Cash`	$130.20K	USD	Point-in-time
Cash at the end of year	`Cash`	$70.40K	USD	Point-in-time
Cash at the end of year	`Cash`	$2.17M	USD	Point-in-time
Cash at the end of year	`Cash`	$2.42M	USD	Point-in-time
Cash at the end of year	`Cash`	$130.20K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$45.30K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$2.90K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.