10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001387131-16-004975`
Period End Date	20151231
Filing Date	20160414
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	seer-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 44 Cash Flow Statement 67 Stockholders Equity 17

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$246.50K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$263.60K	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
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$443.00K	USD	Point-in-time
Cash	`Cash`	$257.10K	USD	Point-in-time
Cash	`Cash`	$2.67M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	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
Accounts receivable, net of allowance for doubtful accounts of $246,500 and $263,600, respectively	`AccountsReceivableNetCurrent`	$1.30M	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	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`	$61.10K	USD	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$204.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$202.50K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$534.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	51.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.72M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	52.38M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.33M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$4.85M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	51.73M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	52.38M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$371.40K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$786.60K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$52.50K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.45M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.38M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.68M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$889.50K	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`	$308.50K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$587.90K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$68.40K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$133.90K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$947.70K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$970.50K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$380.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$330.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$660.10K	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`	$31.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.99M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$337.20K	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$388.20K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$60.90K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.48M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.19M	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
Common stock; $.001 par value; 70,000,000 shares authorized; 52,375,079 and 51,726,316 shares issued and outstanding 2015 and 2014, respectively	`CommonStockValue`	$52.40K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 52,375,079 and 51,726,316 shares issued and outstanding 2015 and 2014, respectively	`CommonStockValue`	$51.70K	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`	$17.69M	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`	$-15.39M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-12.50M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.68M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$2.38M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-880.00K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-1.42M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$964.90K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.45M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$9.00M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$4.30M	USD	Annual
Products	`SalesRevenueGoodsNet`	$3.23M	USD	Annual
Services	`SalesRevenueServicesNet`	$8.35M	USD	Annual
Services	`SalesRevenueServicesNet`	$12.89M	USD	Annual
Solid waste disposal	`LicensesRevenue`	$109.00K	USD	Annual
Solid waste disposal	`LicensesRevenue`	$1.06M	USD	Annual
Total revenue	`Revenues`	$17.30M	USD	Annual
Total revenue	`Revenues`	$12.64M	USD	Annual
Products costs	`CostOfGoodsSold`	$2.38M	USD	Annual
Products costs	`CostOfGoodsSold`	$3.16M	USD	Annual
Services costs	`CostOfServices`	$6.60M	USD	Annual
Services costs	`CostOfServices`	$8.46M	USD	Annual
Solid waste disposal costs	`LicenseCosts`	$1.41M	USD	Annual
Solid waste disposal costs	`LicenseCosts`	$397.50K	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.03M	USD	Annual
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.29M	USD	Annual
Salaries and related expenses	`LaborAndRelatedExpense`	$2.68M	USD	Annual
Salaries and related expenses	`LaborAndRelatedExpense`	$2.60M	USD	Annual
Total operating expenses	`OperatingExpenses`	$16.03M	USD	Annual
Total operating expenses	`OperatingExpenses`	$17.99M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-687.40K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-3.38M	USD	Annual
Interest expense	`InterestExpense`	$93.30K	USD	Annual
Interest expense	`InterestExpense`	$77.80K	USD	Annual
Gain on debt settlements	`GainsLossesOnExtinguishmentOfDebt`	$50.10K	USD	Annual
Gain on debt settlements	`GainsLossesOnExtinguishmentOfDebt`	$24.40K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-2.30K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$14.80K	USD	Annual
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-45.50K	USD	Annual
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-38.60K	USD	Annual
Net loss before earnings from equity method joint ventures	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.43M	USD	Annual
Net loss before earnings from equity method joint ventures	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-726.00K	USD	Annual
Income from equity method joint ventures	`IncomeLossFromEquityMethodInvestments`	$6.40K	USD	Annual
Income from equity method joint ventures	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Net Loss	`ProfitLoss`	$-726.00K	USD	Annual
Net Loss	`ProfitLoss`	$-3.42M	USD	Annual
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-441.40K	USD	Annual
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-536.30K	USD	Annual
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-284.60K	USD	Annual
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-2.89M	USD	Annual
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.83M	shares	Annual
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.32M	shares	Annual

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-726.00K	USD	Annual
Net loss	`ProfitLoss`	$-3.42M	USD	Annual
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$187.60K	USD	Annual
Provision for doubtful accounts receivable	`ProvisionForDoubtfulAccounts`	$-17.10K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$494.60K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$715.40K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$994.40K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$307.80K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt1`	$24.40K	USD	Annual
Gain on extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt1`	$45.40K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$1.70K	USD	Annual
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.04M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.74M	USD	Annual
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-17.40K	USD	Annual
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$142.90K	USD	Annual
Sale of CoronaLuxTM units	`IncreaseDecreaseInSaleOfUnits`	$-780.50K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$42.60K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-57.20K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-248.30K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$169.10K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-3.80K	USD	Annual
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$25.90K	USD	Annual
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$279.40K	USD	Annual
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$138.20K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-35.50K	USD	Annual
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$456.60K	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	-	USD	Annual
Customer deposits	`IncreaseDecreaseInCustomerDeposits`	$262.00K	USD	Annual
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-23.70K	USD	Annual
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$22.80K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-115.60K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-6.50K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.41M	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$455.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$79.90K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$399.20K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.49M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-854.20K	USD	Annual
Proceeds from collection of stock subscription receivable	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	$25.00K	USD	Annual
Proceeds from collection of stock subscription receivable	`ProceedsFromRepaymentOfLoansToPurchaseCommonStock`	-	USD	Annual
Principle payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$215.60K	USD	Annual
Principle payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$424.10K	USD	Annual
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	$63.10K	USD	Annual
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	$42.00K	USD	Annual
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	$1.25M	USD	Annual
Proceeds from issuance of convertible debt	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	$1.52M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$783.90K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.27M	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-185.90K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.23M	USD	Annual
Cash at the beginning of year	`Cash`	$443.00K	USD	Point-in-time
Cash at the beginning of year	`Cash`	$257.10K	USD	Point-in-time
Cash at the beginning of year	`Cash`	$2.67M	USD	Point-in-time
Cash at the end of year	`Cash`	$443.00K	USD	Point-in-time
Cash at the end of year	`Cash`	$257.10K	USD	Point-in-time
Cash at the end of year	`Cash`	$2.67M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$44.10K	USD	Annual
Cash paid for interest	`InterestPaid`	$75.80K	USD	Annual
Purchase of assets under capital leases	`CapitalLeaseObligationsIncurred`	$214.40K	USD	Annual
Purchase of assets under capital leases	`CapitalLeaseObligationsIncurred`	$86.70K	USD	Annual
Purchase of assets under notes payable	`NotesIssued1`	$325.00K	USD	Annual
Financing of insurance premiums	`FinancingOfInsurancePremiums`	$273.90K	USD	Annual
Conversion of debt and accrued interest to equity	`DebtConversionOriginalDebtAmount1`	$257.40K	USD	Annual
Discount on convertible debt	`DiscountOnConvertibleDebt`	$18.30K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balances, beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$964.90K	USD	Point-in-time
Sale of common stock and warrants, net of fees	`StockIssuedDuringPeriodValueOther`	$1.52M	USD	Annual
Issuance of common stock for services	`StockIssuedDuringPeriodValueIssuedForServices`	$734.00K	USD	Annual
Conversion of notes payable to common stock	`StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments`	$257.40K	USD	Annual
Issuance of warrant for services	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$90.70K	USD	Annual
Discount from warrants issued with convertible debt	`AdjustmentsToAdditionalPaidInCapitalOther`	$18.30K	USD	Annual
Payment of stock subscription	`PaymentOfStockSubscription`	$25.00K	USD	Annual
Stock-based compensation - options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$117.20K	USD	Annual
Stock-based compensation - options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$169.70K	USD	Annual
Stock-based compensation - warrants	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationWarrantsRequisiteServicePeriodRecognition`	$190.60K	USD	Annual
Net loss	`ProfitLoss`	$-726.00K	USD	Annual
Net loss	`ProfitLoss`	$-3.42M	USD	Annual
Balances, ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.81M	USD	Point-in-time
Balances, ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.99M	USD	Point-in-time
Balances, ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$964.90K	USD	Point-in-time

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