10-Q/A Filing

Strategic Environmental & Energy Resources, Inc. CIK: 1576197 Q1 2019

Filing Information

Form Type	10-Q/A
Accession Number	`0001387131-19-003917`
Period End Date	20190331
Filing Date	20190524
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	senr-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 93 Income Statement 27 Cash Flow Statement 51 Stockholders Equity 21

Balance Sheet 93 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$227.50K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$227.50K	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
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$170.60K	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$54.10K	USD	Point-in-time
Cash	`Cash`	$115.70K	USD	Point-in-time
Cash	`Cash`	$90.30K	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $227,500 and $227,500, respectively	`AccountsReceivableNetCurrent`	$1.06M	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 $227,500 and $227,500, respectively	`AccountsReceivableNetCurrent`	$1.30M	USD	Point-in-time
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$310.70K	USD	Point-in-time
Common stock, par value (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Notes receivable, net	`NotesAndLoansReceivableNetCurrent`	$325.80K	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
Common stock, authorized	`CommonStockSharesAuthorized`	70.00M	shares	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$61.30K	USD	Point-in-time
Costs and estimated earnings in excess billings on uncompleted contracts	`CostsInExcessOfBillingsOnUncompletedContractsOrProgramsExpectedToBeCollectedWithinOneYear`	$314.30K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	61.70M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	61.90M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$789.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$365.20K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.56M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.17M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	61.70M	shares	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	61.90M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$746.10K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$831.90K	USD	Point-in-time
Common stock, issuable	`CommonStockShareIssuable`	900,000.00	shares	Point-in-time
Common stock, issuable	`CommonStockShareIssuable`	3.20M	shares	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$516.80K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$505.20K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$232.20K	USD	Point-in-time
Notes receivable, net of current portion	`NotesAndLoansReceivableNetNoncurrent`	$227.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.90K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$29.80K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.78M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.13M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.69M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.77M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$1.41M	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$470.20K	USD	Point-in-time
Billings in excess of costs and estimated earnings on uncompleted contracts	`BillingsInExcessOfCostCurrent`	$647.50K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$78.90K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$191.50K	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$1.02M	USD	Point-in-time
Payroll taxes payable	`AccruedPayrollTaxesCurrent`	$1.03M	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.60K	USD	Point-in-time
Customer deposits	`CustomerDepositsCurrent`	$1.60K	USD	Point-in-time
Short term notes	`ShortTermBankLoansAndNotesPayable`	$1.25M	USD	Point-in-time
Short term notes	`ShortTermBankLoansAndNotesPayable`	$823.10K	USD	Point-in-time
Convertible notes	`ConvertibleNotesPayableCurrent`	$1.60M	USD	Point-in-time
Convertible notes	`ConvertibleNotesPayableCurrent`	$1.60M	USD	Point-in-time
Current portion of long term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$228.60K	USD	Point-in-time
Current portion of long term debt and capital lease obligations	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$179.20K	USD	Point-in-time
Accrued interest - related party	`DueToRelatedPartiesCurrent`	$11.80K	USD	Point-in-time
Accrued interest - related party	`DueToRelatedPartiesCurrent`	$11.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.96M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.52M	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$63.20K	USD	Point-in-time
Deferred revenue, non-current	`DeferredRevenueNoncurrent`	$55.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$13.90K	USD	Point-in-time
Long term debt and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$432.80K	USD	Point-in-time
Long term debt and capital lease obligations, net of current portion	`LongTermDebtAndCapitalLeaseObligations`	$367.80K	USD	Point-in-time
Total liabilities	`Liabilities`	$8.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.02M	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 61,903,575 and 61,703,575 shares issued, issuable** and outstanding March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$61.90K	USD	Point-in-time
Common stock; $.001 par value; 70,000,000 shares authorized; 61,903,575 and 61,703,575 shares issued, issuable** and outstanding March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$61.70K	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`	$22.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.55M	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$25.00K	USD	Point-in-time
Stock subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$25.00K	USD	Point-in-time
Adoption of ASU 2016-02, Leases (Topic 842)	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-20.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.96M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.41M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Total stockholders' (deficit)	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-1.90M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$-2.43M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.27M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.24M	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' DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.78M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$4.13M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.39M	USD	1 Quarter
Total revenue	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.90M	USD	1 Quarter
Selling, General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$494.50K	USD	1 Quarter
Selling, General and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$517.10K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$492.70K	USD	1 Quarter
Salaries and related expenses	`LaborAndRelatedExpense`	$411.30K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.31M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$2.00M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-611.30K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-414.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.80K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$365.80K	USD	1 Quarter
Interest expense	`InterestExpenseDebt`	$149.80K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$32.50K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$172.40K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$-333.30K	USD	1 Quarter
Total non-operating expense, net	`NonoperatingIncomeExpense`	$32.40K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-747.30K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-578.90K	USD	1 Quarter
Less: Loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-28.30K	USD	1 Quarter
Less: Loss attributable to non-controlling interest	`IncomeLossAttributableToNoncontrollingInterest`	$-16.60K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-730.70K	USD	1 Quarter
Net loss attributable to SEER common stockholders	`NetIncomeLoss`	$-550.60K	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`	61.84M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	56.74M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-747.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-578.90K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndImpairment`	$112.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndImpairment`	$160.60K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$600.00	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$35.50K	USD	1 Quarter
Note receivable discount	`OtherNoncashIncome`	$9.90K	USD	1 Quarter
Non-cash expense for interest	`OtherNoncashExpense`	$263.80K	USD	1 Quarter
Non-cash expense for interest	`OtherNoncashExpense`	$20.10K	USD	1 Quarter
Non-cash debt discount	`ProvisionForDoubtfulAccounts`	$4.10K	USD	1 Quarter
Non-cash relief of aged accounts payable	`NonCashReliefOfAgedAccountsPayable`	$-171.30K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.50K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$234.20K	USD	1 Quarter
Costs in Excess of billings on uncompleted contracts	`IncreaseDecreaseInCostInExcessOfBillingOnUncompletedContract`	$-253.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-77.60K	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`	$-155.30K	USD	1 Quarter
Revenue contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$-13.40K	USD	1 Quarter
Revenue contract liabilities	`IncreaseDecreaseInContractWithCustomerLiability`	$177.30K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-4.00K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$-120.80K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$14.00K	USD	1 Quarter
Payroll taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$8.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-217.90K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-617.00K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.00K	USD	1 Quarter
Proceeds from outside minority investment in new subsidiary	`PaymentsForProceedsFromOtherInvestingActivities`	$-226.00K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$211.00K	USD	1 Quarter
Payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$119.40K	USD	1 Quarter
Payments of notes and capital lease obligations	`RepaymentsOfDebtAndCapitalLeaseObligations`	$135.60K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$350.00K	USD	1 Quarter
Proceeds from short-term notes	`ProceedsFromShortTermDebt`	$500.00K	USD	1 Quarter
Proceeds from the sale of common stock and warrants, net of expenses	`ProceedsFromIssuanceOrSaleOfEquity`	$120.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$380.60K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$334.40K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-25.40K	USD	1 Quarter
Net increase (decrease) 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`	$54.10K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$115.70K	USD	Point-in-time
Cash at the beginning of period	`Cash`	$90.30K	USD	Point-in-time
Cash at the end of period	`Cash`	$170.60K	USD	Point-in-time
Cash at the end of period	`Cash`	$54.10K	USD	Point-in-time
Cash at the end of period	`Cash`	$115.70K	USD	Point-in-time
Cash at the end of period	`Cash`	$90.30K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$105.20K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$61.50K	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfPrepaidInsurancePremiums`	$330.20K	USD	1 Quarter
Financing of prepaid insurance premiums	`FinancingOfPrepaidInsurancePremiums`	$370.50K	USD	1 Quarter

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.27M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.24M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.34M	USD	Point-in-time
Balance at beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67M	USD	Point-in-time
Balance at beginning (in shares)	`CommonStockSharesOutstanding`	61.70M	shares	Point-in-time
Balance at beginning (in shares)	`CommonStockSharesOutstanding`	61.90M	shares	Point-in-time
Issuance of common stock upon debt penalty	`StockIssuedDuringPeriodValueOther`	$19.00K	USD	1 Quarter
Issuance of common stock upon debt penalty	`StockIssuedDuringPeriodValueOther`	$263.90K	USD	1 Quarter
Stock-based compensation - options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$600.00	USD	1 Quarter
Stock-based compensation - options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$35.50K	USD	1 Quarter
Sale of common stock	`StockIssuedDuringPeriodValueNewIssues`	$120.00K	USD	1 Quarter
Investment in subsidiary	`NoncontrollingInterestIncreaseFromSubsidiary`	$550.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-747.30K	USD	1 Quarter
Net loss	`ProfitLoss`	$-578.90K	USD	1 Quarter
Adoption of ASU 2016-02, Leases (Topic 842)	`CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption`	$-20.80K	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.27M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-4.24M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.34M	USD	Point-in-time
Balance at ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-3.67M	USD	Point-in-time
Balance at ending (in shares)	`CommonStockSharesOutstanding`	61.70M	shares	Point-in-time
Balance at ending (in shares)	`CommonStockSharesOutstanding`	61.90M	shares	Point-in-time

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