10-Q Filing

Strategic Environmental & Energy Resources, Inc. CIK: 1576197 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001387131-15-001681`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	seer-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 42 Cash Flow Statement 59

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash	`Cash`	$229.20K	USD	Point-in-time
Cash	`Cash`	$661.90K	USD	Point-in-time
Cash	`Cash`	$2.42M	USD	Point-in-time
Cash	`Cash`	$2.17M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$147.80K	USD	Point-in-time
Cash - restricted	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$213.80K	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $246,500 and $263,600, respectively	`AccountsReceivableNetCurrent`	$3.02M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $246,500 and $263,600, respectively	`AccountsReceivableNetCurrent`	$2.11M	USD	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$61.10K	USD	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$243.20K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	52.36M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	51.73M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$202.50K	USD	Point-in-time
Common stock, outstanding	`CommonStockOtherSharesOutstanding`	52.36M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$417.40K	USD	Point-in-time
Common stock, outstanding	`CommonStockOtherSharesOutstanding`	51.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.58M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.72M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$5.11M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$371.40K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$368.70K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$52.50K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$52.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.04M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.68M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.38M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$826.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$925.70K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$443.50K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$308.50K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$922.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$456.60K	USD	Point-in-time
Current portion of payroll taxes payable	`AccruedPayrollTaxesCurrent`	$947.70K	USD	Point-in-time
Current portion of payroll taxes payable	`AccruedPayrollTaxesCurrent`	$953.40K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$380.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$380.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$382.60K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$363.00K	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$73.80K	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$61.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.13M	USD	Point-in-time
Payroll taxes payable, net of current portion	`AccruedPayrollTaxesNoncurrent`	-	USD	Point-in-time
Payroll taxes payable, net of current portion	`AccruedPayrollTaxesNoncurrent`	-	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$182.70K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$60.90K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.19M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 52,362,015 and 51,726,316 shares issued and outstanding 2015 and 2014, respectively	`CommonStockValue`	$51.70K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 52,362,015 and 51,726,316 shares issued and outstanding 2015 and 2014, respectively	`CommonStockValue`	$52.40K	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`	$17.11M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$17.46M	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$25.00K	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$25.00K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.50M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.96M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.58M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-880.00K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-1.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$9.11M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$9.00M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$520.10K	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$889.00K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.58M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.26M	USD	1 Quarter
Solid waste	`LicensesRevenue`	-	USD	1 Quarter
Solid waste	`LicensesRevenue`	$28.00K	USD	1 Quarter
Total revenue	`Revenues`	$2.78M	USD	1 Quarter
Total revenue	`Revenues`	$3.49M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$380.20K	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$665.80K	USD	1 Quarter
Services costs	`CostOfServices`	$1.58M	USD	1 Quarter
Services costs	`CostOfServices`	$1.87M	USD	1 Quarter
Solid waste costs	`LicenseCosts`	$128.30K	USD	1 Quarter
Solid waste costs	`LicenseCosts`	-	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.91M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$1.39M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.05M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.87M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-559.90K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.09M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$17.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60K	USD	1 Quarter
Penalties and late fees	`PenaltiesAndLateFees`	-	USD	1 Quarter
Penalties and late fees	`PenaltiesAndLateFees`	$1.10K	USD	1 Quarter
Gain on debt settlements	`GainsLossesOnExtinguishmentOfDebt`	$24.40K	USD	1 Quarter
Gain on debt settlements	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Other	`OtherNonoperatingExpense`	-	USD	1 Quarter
Other	`OtherNonoperatingExpense`	$15.70K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-17.40K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-16.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-577.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.10M	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-121.40K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-68.10K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-455.90K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.35M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.19M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-577.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.10M	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-17.10K	USD	1 Quarter
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-1.10K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$146.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$93.10K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$648.70K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$98.00K	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt1`	-	USD	1 Quarter
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt1`	$24.40K	USD	1 Quarter
Cash - restricted	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$66.00K	USD	1 Quarter
Cash - restricted	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-276.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$921.70K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContracts`	$-182.10K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContracts`	$-23.50K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$82.00K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-201.10K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-367.20K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$7.90K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$135.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$465.40K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$317.60K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$34.20K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.70K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$753.70K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-446.40K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$784.90K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$169.80K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$5.90K	USD	1 Quarter
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$17.30K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-790.80K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-187.10K	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`	$121.90K	USD	1 Quarter
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	$12.00K	USD	1 Quarter
Proceeds from excercise of warrants	`ProceedsFromWarrantExercises`	$305.00K	USD	1 Quarter
Proceeds from excercise of warrants	`ProceedsFromWarrantExercises`	-	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	$776.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$984.20K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-133.90K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-253.00K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$432.70K	USD	1 Quarter
Cash at the beginning of year	`Cash`	$229.20K	USD	Point-in-time
Cash at the beginning of year	`Cash`	$661.90K	USD	Point-in-time
Cash at the beginning of year	`Cash`	$2.42M	USD	Point-in-time
Cash at the beginning of year	`Cash`	$2.17M	USD	Point-in-time
Cash at the end of year	`Cash`	$229.20K	USD	Point-in-time
Cash at the end of year	`Cash`	$661.90K	USD	Point-in-time
Cash at the end of year	`Cash`	$2.42M	USD	Point-in-time
Cash at the end of year	`Cash`	$2.17M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$54.10K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$45.30K	USD	1 Quarter
Conversion of debt and accrued interest to equity	`ConversionOfConvertibleNotePayable`	$257.40K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfPrepaidInsurancePremiums`	$273.90K	USD	1 Quarter
Capital lease additions	`CapitalLeaseAdditions`	$214.40K	USD	1 Quarter

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