10-Q Filing

Strategic Environmental & Energy Resources, Inc. CIK: 1576197 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001387131-17-002696`
Period End Date	20170331
Filing Date	20170512
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	senr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 38 Cash Flow Statement 55

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.50K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$300.50K	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`	$233.20K	USD	Point-in-time
Cash	`Cash`	$342.60K	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`	$257.10K	USD	Point-in-time
Cash	`Cash`	$662.80K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $300,500 and $300,500, respectively	`AccountsReceivableNetCurrent`	$2.27M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $300,500 and $300,500, respectively	`AccountsReceivableNetCurrent`	$2.03M	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$13.60K	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
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$535.90K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.03M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	55.04M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.65M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	54.53M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.81M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	54.53M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.80M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	55.04M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$2.96M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$712.90K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$738.00K	USD	Point-in-time
Shares issuable per short-term note agreements	`SharesIssuablePerShorttermNoteAgreements`	500,000.00	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.60K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$25.60K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$6.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.18M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.19M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.46M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.47M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$1.09M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$956.50K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$188.30K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$188.30K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$999.00K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$993.30K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$330.00K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$330.00K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$571.80K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.28M	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$11.80K	USD	Point-in-time
Notes payable - related parties, including accrued interest	`NotesPayableRelatedPartiesClassifiedCurrent`	$11.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.57M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$236.50K	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$283.60K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.75M	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.85M	USD	Point-in-time
Total liabilities	`Liabilities`	$9.55M	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; 55,038,575 and 54,525,079 shares issued, issuable** and outstanding 2017 and 2016, respectively	`CommonStockValue`	$54.50K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 55,038,575 and 54,525,079 shares issued, issuable** and outstanding 2017 and 2016, respectively	`CommonStockValue`	$55.00K	USD	Point-in-time
Common stock subscribed	`TemporaryEquitySharesSubscribedButUnissuedSubscriptionsReceivable`	$-25.00K	USD	Point-in-time
Common stock subscribed	`TemporaryEquitySharesSubscribedButUnissuedSubscriptionsReceivable`	$-25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.44M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$19.08M	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`	$-19.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-19.64M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-148.30K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-141.40K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-2.17M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-2.22M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.37M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-2.31M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$6.54M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.18M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$1.69M	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$572.80K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.44M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$2.86M	USD	1 Quarter
Solid waste	`LicensesRevenue`	$69.30K	USD	1 Quarter
Solid waste	`LicensesRevenue`	$71.60K	USD	1 Quarter
Total revenue	`Revenues`	$3.50M	USD	1 Quarter
Total revenue	`Revenues`	$4.19M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$1.18M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$368.10K	USD	1 Quarter
Services costs	`CostOfServices`	$1.79M	USD	1 Quarter
Services costs	`CostOfServices`	$1.69M	USD	1 Quarter
Solid waste costs	`LicenseCosts`	$103.90K	USD	1 Quarter
Solid waste costs	`LicenseCosts`	$57.30K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$570.00K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$568.20K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$690.70K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$587.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.42M	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$81.50K	USD	1 Quarter
Income (loss) from operations	`OperatingIncomeLoss`	$13.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$427.10K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.70K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$13.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-5.90K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-34.70K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-433.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-419.90K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$46.80K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-82.60K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-51.20K	USD	1 Quarter
Net income attributable to SEER common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-368.70K	USD	1 Quarter
Net income attributable to SEER common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$129.40K	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net loss per share, basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	52.59M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.53M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-419.90K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$46.80K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$194.30K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$191.90K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$29.60K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$17.00K	USD	1 Quarter
Non-cash expense for interest, common stock issued for debt penalty	`NoncashExpenseForInterestCommonStockIssuedForDebtPenalty`	$-345.00K	USD	1 Quarter
Non-cash expense for interest, warrants - accretion of debt discount	`NoncashExpenseForInterestWarrantsAccretionOfDebtDiscount`	$-1.20K	USD	1 Quarter
Non-cash expense for interest, warrants - accretion of debt discount	`NoncashExpenseForInterestWarrantsAccretionOfDebtDiscount`	$-1.60K	USD	1 Quarter
Gain on disposition of assets	`GainLossOnDispositionOfAssets1`	$12.80K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$380.70K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$243.70K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-111.40K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-13.60K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$59.60K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-146.90K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$156.20K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$174.10K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$26.90K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-134.30K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-47.10K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.60K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.70K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.70K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$320.90K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-155.70K	USD	1 Quarter
Insurance proceeds from property damage	`ProceedsFromInsuranceSettlementInvestingActivities`	$39.30K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.70K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30K	USD	1 Quarter
Purchase of intangibles	`PaymentsToAcquireIntangibleAssets`	$20.30K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.30K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-117.70K	USD	1 Quarter
Payments of notes payments and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$124.50K	USD	1 Quarter
Payments of notes payments and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$183.60K	USD	1 Quarter
Payments of related party notes payable and accrued interest	`RepaymentsOfRelatedPartyDebt`	$20.00K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$450.00K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$25.00K	USD	1 Quarter
Proceeds from warrant extensions	`ProceedsFromWarrantExtensions`	$22.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOfWarrants`	$300.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$202.50K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$266.40K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$109.40K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$405.70K	USD	1 Quarter
Cash at the beginning of period	`Cash`	$233.20K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$342.60K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$257.10K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$662.80K	USD	Point-in-time
Cash at the end of period	`Cash`	$233.20K	USD	Point-in-time
Cash at the end of period	`Cash`	$342.60K	USD	Point-in-time
Cash at the end of period	`Cash`	$257.10K	USD	Point-in-time
Cash at the end of period	`Cash`	$662.80K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$33.40K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$12.40K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfPrepaidInsurancePremiums`	$438.30K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfPrepaidInsurancePremiums`	$278.60K	USD	1 Quarter

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