10-Q Filing

Strategic Environmental & Energy Resources, Inc. CIK: 1576197 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001387131-18-002191`
Period End Date	20180331
Filing Date	20180515
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	senr-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 88 Income Statement 45 Cash Flow Statement 58

Balance Sheet 88 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$460.10K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$460.10K	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`	$170.60K	USD	Point-in-time
Cash	`Cash`	$342.60K	USD	Point-in-time
Cash	`Cash`	$233.20K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$54.10K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $460,100, respectively	`AccountsReceivableNetCurrent`	$692.40K	USD	Point-in-time
Preferred stock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $460,100 and $460,100, respectively	`AccountsReceivableNetCurrent`	$695.90K	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$184.60K	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
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$184.60K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$340.90K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$684.00K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	57.35M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.27M	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	56.53M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.16M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	56.53M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	57.35M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$623.10K	USD	Point-in-time
Common stock share issuable	`CommonStockSharesSubscribedButUnissued`	760,000.00	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$595.50K	USD	Point-in-time
Common stock share issuable	`CommonStockSharesSubscribedButUnissued`	190,000.00	shares	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$542.90K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$552.80K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.50K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$16.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.96M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.75M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.06M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.44M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.21M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$227.30K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$213.90K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$325.40K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$304.20K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$997.70K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$1.01M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$21.60K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.60K	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.17M	USD	Point-in-time
Current portion of notes payable and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.77M	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`	$7.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.47M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$113.10K	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$87.90K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$504.30K	USD	Point-in-time
Notes payable and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$485.90K	USD	Point-in-time
Total liabilities	`Liabilities`	$7.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$7.73M	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; 57,348,575 and 56,528,575 shares issued, issuable** and outstanding 2018 and 2017, respectively	`CommonStockValue`	$57.10K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 57,348,575 and 56,528,575 shares issued, issuable** and outstanding 2018 and 2017, respectively	`CommonStockValue`	$56.50K	USD	Point-in-time
Common stock subscribed	`CommonStockShareSubscribed`	$25.00K	USD	Point-in-time
Common stock subscribed	`CommonStockShareSubscribed`	$25.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$20.79M	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`	$-22.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.47M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-936.10K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$-624.70K	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-2.73M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-2.72M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.34M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$4.06M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.75M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Products	`SalesRevenueGoodsNet`	$875.50K	USD	1 Quarter
Products	`SalesRevenueGoodsNet`	$1.69M	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$834.50K	USD	1 Quarter
Services	`SalesRevenueServicesNet`	$923.20K	USD	1 Quarter
Solid waste	`LicensesRevenue`	$97.40K	USD	1 Quarter
Solid waste	`LicensesRevenue`	$69.30K	USD	1 Quarter
Total revenue	`Revenues`	$2.59M	USD	1 Quarter
Total revenue	`Revenues`	$1.90M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$1.18M	USD	1 Quarter
Products costs	`CostOfGoodsSold`	$530.20K	USD	1 Quarter
Services costs	`CostOfServices`	$652.90K	USD	1 Quarter
Services costs	`CostOfServices`	$775.70K	USD	1 Quarter
Solid waste costs	`LicenseCosts`	$17.00K	USD	1 Quarter
Solid waste costs	`LicenseCosts`	$57.30K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$494.50K	USD	1 Quarter
General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$541.90K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$492.70K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$504.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.94M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.31M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-414.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-342.50K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-426.90K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-365.80K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$-5.20K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$32.50K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-432.10K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-333.30K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-747.30K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-774.60K	USD	1 Quarter
Net income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Net income from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$354.70K	USD	1 Quarter
Net loss	`ProfitLoss`	$-747.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-419.90K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-16.60K	USD	1 Quarter
Less: Net loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-51.20K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-368.70K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-730.70K	USD	1 Quarter
Net loss per share from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net loss per share from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	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`	$-0.01	USD	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	54.53M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.74M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-747.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-419.90K	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	-	USD	1 Quarter
Income from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-354.70K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-747.30K	USD	1 Quarter
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-774.60K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$191.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$160.60K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$35.50K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$17.00K	USD	1 Quarter
Non-cash expense for interest, common stock issued for debt penalty	`NoncashExpenseForInterestWarrantsAccretionOfDebtDiscount`	$-345.00K	USD	1 Quarter
Non-cash expense for interest, common stock issued for debt penalty	`NoncashExpenseForInterestWarrantsAccretionOfDebtDiscount`	$-263.80K	USD	1 Quarter
Non-cash expense for interest, warrants - accretion of debt discount	`ProvisionForDoubtfulAccounts`	$1.60K	USD	1 Quarter
Non-cash expense for interest, warrants - accretion of debt discount	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-46.70K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.50K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	-	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-13.60K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$44.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-17.50K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$58.90K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayable`	$-286.20K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-13.40K	USD	1 Quarter
Billings in excess of revenue on uncompleted contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-134.30K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-47.10K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$5.70K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$14.00K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-217.90K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-664.70K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.30K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.30K	USD	1 Quarter
Payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$135.60K	USD	1 Quarter
Payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$183.60K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$450.00K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$350.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$120.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$266.40K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$334.40K	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	$509.00K	USD	1 Quarter
Net cash flows from discontinued operations	`NetCashProvidedByUsedInDiscontinuedOperations`	-	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$109.40K	USD	1 Quarter
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$116.50K	USD	1 Quarter
Cash at the beginning of period	`Cash`	$170.60K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$342.60K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$233.20K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$54.10K	USD	Point-in-time
Cash at the end of period	`Cash`	$170.60K	USD	Point-in-time
Cash at the end of period	`Cash`	$342.60K	USD	Point-in-time
Cash at the end of period	`Cash`	$233.20K	USD	Point-in-time
Cash at the end of period	`Cash`	$54.10K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$61.50K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$12.40K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfInsurancePremiums`	$438.30K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfInsurancePremiums`	$370.50K	USD	1 Quarter

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