What changed in this filing

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Item 1. Financial Statements

2022-11-21 compared with 2022-08-15 · 223 added, 191 removed, 500 unchanged (45% of the section changed)

2 unchanged sentences

CONSOLIDATED BALANCE SHEETS

June 30, 2022

December 31, 2021

September 30,

Current Assets

30 unchanged sentences

Common stock;

$ .001 par value;

70,000,000 shares authorized;

65,088,575 shares issued, issuable **

and outstanding June 30, 2022 and December 31, 2021

70,000,000 shares

65,088,575 shares issued,

issuable ** and outstanding September 30, 2022 and December 31, 2021

Common stock issuable

1 unchanged sentence

Stock Subscription receivable

Accumulated Other Comprhensive Income

Accumulated deficit

11 unchanged sentences

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

accompanying notes are an integral part of these consolidated financial statements.

numbers were derived from the audited financial statements for the year ended December 31, 2021.

2,785,000 shares issuable as of June 30, 2022, and December 31, 2021, per terms of note agreements.

The accompanying

notes are an integral part of these consolidated financial statements.

These numbers were derived from the audited financial statements

for the year ended December 31, 2021.

Includes 2,785,000 shares issuable at Setpember 30, 2022

and December 31, 2021, per terms of note agreements.

ENVIRONMENTAL & ENERGY RESOURCES, INC.

1 unchanged sentence

For the Three Months Ended

For the Six Months Ended

September 30,

For the Nine Months Ended

September 30,

Total revenue

5 unchanged sentences

Total operating expenses

Loss from operations

Income (loss) from operations

( 1,138,000 )

Other income (expense):

Interest expense

Gain on abandonment

Gain on debt extinguishment

Total non-operating expense, net

Loss from continuing operations

Loss from discontinued operations, net of tax

Net income (loss) attributable to non-controlling interest

Net loss attributable to SEER common stockholders

Income (loss) from continuing operations

( 1,542,300 )

Income from discontinued operations, net of tax

Net lncome (loss)

( 1,542,300 )

Net income (loss) attributable to non-controlling interest

Net income (loss) attributable to SEER common stockholders

$ ( 599,600 )

3 unchanged sentences

Loss from discontinued operations, per share

Net loss per share, basic

Net income (loss) per share, basic

Fully diluted earnings per share attributable to SEER common stockholders

1 unchanged sentence

Loss from discontinued operations, per share

Net loss per share, basic

Net income (loss) per share, basic

Weighted average shares outstanding – basic

3 unchanged sentences

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

Preferred Stock

Additional Paid-in

Stock Subscription

Non-controller

Total Stockholders’

Balances at December 31, 2021

Stockholders’

at December 31, 2021

$ ( 29,364,800 )

1 unchanged sentence

$ ( 8,196,500 )

Issuance of common stock upon debt penalty

Stock-based compensation

Allocated value of common stock and warrants related to debt

Balances at March 31, 2022

of common stock upon debt penalty

value of common stock and warrants related to debt

at March 31, 2022

( 29,751,400 )

1 unchanged sentence

( 8,587,200 )

Issuance of common stock upon debt penalty

Stock-based compensation

Balances at June 30, 2022

of common stock upon debt penalty

at June 30, 2022

( 30,274,500 )

1 unchanged sentence

( 9,128,500 )

Additional Paid-in

Stock Subscription

Non-controller

Total Stockholders’

of common stock upon debt penalty

value of common stock and warrants related to debt

at September 30, 2022

$ ( 30,874,100 )

$ ( 1,903,600 )

$ ( 9,738,800 )

Preferred Stock

Stockholders’

Balances at December 31, 2020

2 unchanged sentences

$ ( 8,728,800 )

Issuance of common stock upon

Issuance of common stock upon debt penalty

Stock-based compensation

Allocated value of common stock

and warrants related to debt

Allocated value of common stock and warrants related to debt

Balances at March 31, 2021

2 unchanged sentences

( 9,054,500 )

Issuance of common stock upon

Issuance of common stock upon debt penalty

Stock-based compensation

3 unchanged sentences

( 9,689,500 )

Issuance of common stock upon debt penalty

Stock-based compensation

Allocated value of common stock and warrants related to debt

Net income (loss)

Balances at September 30, 2021

$ ( 28,908,600 )

$ ( 1,851,400 )

$ ( 7,721,100 )

accompanying notes are an integral part of these consolidated financial statements.

1 unchanged sentence

CONSOLIDATED STATEMENT OF CASH FLOWS

For the six months ended June 30,

For the nine months ended September 30,

Cash flows from operating activities:

1 unchanged sentence

$ ( 1,542,300 )

$ ( 836,600 )

Loss from discontinued operations

Net income (loss)

( 1,542,300 )

Adjustments to reconcile net loss to net cash provided by operating activities:

1 unchanged sentence

Stock-based compensation expense

Gain on abandoment of subsidiary

( 1,458,000 )

Non-cash expense for interest, accretion of debt discount

9 unchanged sentences

Net cash used in operating activities

( 1,418,200 )

Cash flows from investing activities:

9 unchanged sentences

Net cash provided by financing activities

Effect of exchange rate changes on cash

Net increase (decrease) in cash

3 unchanged sentences

Cash paid for interest

Investment in PSMW

Financing of prepaid insurance premiums

1 unchanged sentence

Non-cash repayment of debt - PPP Loan

Non-cash repayment of debt - PPP Loan, discontinued operations

Non-cash payment of interest

31 unchanged sentences

using the patented pyrolytic process.

For the six months ended June 30, 2022, PelleChar activity related to startup of operations that

were interrupted by the pandemic in 2020, and a commencement to market its product.

For the nine months ended September 30, 2022, PelleChar activity related to startup of operations

that were interrupted by the pandemic in 2020, and a commencement to market its product.

Revenue and expenses of PelleChar were not material

6 unchanged sentences

has non-controlling interest in joint ventures, which are reported on the equity method.

shown in the accompanying consolidated financial statements, the Company has experienced recurring losses, and has accumulated a

deficit of approximately $ 30.3

million as of June 30, 2022, and $ 29.4

million as of December 31, 2021.

For the six months ended June 30, 2022, and 2021, the Company incurred a net loss of

approximately $ 0.9

million and $ 1.0 million, respectively.

The Company had a working capital deficit of approximately $ 8.2

million as of June 30, 2022, and a working capital deficit of $ 7.5

million as of December 31, 2021.

These factors raise substantial doubt about the ability of the Company to continue to operate as a

going concern.

of a major portion of the Company’s assets as of June 30, 2022, is dependent upon continued operations.

The Company is

dependent on generating additional revenue or obtaining adequate capital to fund operating losses until it becomes profitable.

the six months ended June 30, 2022, the Company raised approximately $ 0.3

million from the issuance of short-term and long-term debt, offset by payments of principal on short term notes and capital leases

of $ 47,500 ,

for a net cash provided by financing activities of approximately $ 0.3

shown in the accompanying consolidated financial statements, the Company has experienced recurring losses, and has accumulated a deficit

of approximately $ 30.9 million as of September 30, 2022, and $ 29.4 million as of December 31, 2021.

For the nine months ended September

30, 2022, and 2021, the Company incurred a net loss of approximately $ 1.5 million and earned income of $ 1.0 million, respectively.

had a working capital deficit of approximately $ 8.8 million as of September 30, 2022, and a working capital deficit of $ 7.5 million as

of December 31, 2021.

These factors raise substantial doubt about the ability of the Company to continue to operate as a going concern.

of a major portion of the Company’s assets as of September 30, 2022, is dependent upon continued operations.

The Company is dependent

on generating additional revenue or obtaining adequate capital to fund operating losses until it becomes profitable.

For the nine months

ended September 30, 2022, the Company raised approximately $ 0.9 million from the issuance of related party and long-term debt, offset by

payments of principal on related party notes and capital leases of $ 71,200 , for a net cash provided by financing activities of approximately

$ 0.8 million.

In addition, the Company has undertaken a number of specific steps to continue to operate as a going concern.

continues to focus on developing organic growth in our operating companies and improving gross and net margins through increased

attention to pricing, aggressive cost management and overhead reductions, including discontinuing REGS, a line of business with

historically insufficient margins.

Critical to achieving profitability will be the ability to license and or sell, permit and

operate though the Company’s joint ventures and licensees the CoronaLux™ waste destruction units.

The Company has

limited common shares available to issue which may limit the ability to raise new capital or settle debt through issuance of shares.

The Company has increased business development efforts to address opportunities identified in expanding markets attributable to

increased interest in energy conservation and emission control regulations.

In addition, the Company is evaluating various forms of

financing which may be available to it.

There can be no assurance that the Company will secure additional financing for working

capital, increase revenues and achieve the desired result of net income and positive cash flow from operations in future years.

These financial statements do not give any effect to any adjustments that would be necessary should the Company be unable to report

on a going concern basis.

continues to focus on developing organic growth in our operating companies and improving gross and net margins through increased attention

to pricing, aggressive cost management and overhead reductions, including discontinuing REGS, a line of business with historically insufficient

Critical to achieving profitability will be the ability to license and or sell, permit and operate though the Company’s

joint ventures and licensees the CoronaLux™ waste destruction units.

The Company has limited common shares available to issue which

may limit the ability to raise new capital or settle debt through issuance of shares.

The Company has increased business development

efforts to address opportunities identified in expanding markets attributable to increased interest in energy conservation and emission

control regulations.

In addition, the Company is evaluating various forms of financing which may be available to it.

There can be no

assurance that the Company will secure additional financing for working capital, increase revenues and achieve the desired result of

net income and positive cash flow from operations in future years.

These financial statements do not give any effect to any adjustments

that would be necessary should the Company be unable to report on a going concern basis.

of Presentation Unaudited Interim Financial Information

56 unchanged sentences

R&D expenses were

$ 0 for both the six months ended June 30, 2022, and 2021.

$ 0 for both the nine months ended September 30, 2022, and 2021.

are stated at the lower of cost or net realizable value on a first in, first out basis and includes the following amounts:

SCHEDULE OF INVENTORY

June 30, 2022

September 30, 2022

December 31, 2021

12 unchanged sentences

to be recognized.

During the six months ended June 30, 2022, and 2021 the Company recognized no adjustments for uncertain tax positions.

During the nine months ended September 30, 2022, and 2021 the Company recognized no adjustments for uncertain tax positions.

Company recognizes interest and penalties related to uncertain tax positions in income tax expense.

No interest and penalties related

to uncertain tax positions were recognized as of June 30, 2022, and 2021.

The Company expects no material changes to unrecognized tax

positions within the next twelve months.

to uncertain tax positions were recognized as of September 30, 2022, and 2021.

The Company expects no material changes to unrecognized

tax positions within the next twelve months.

Company has filed federal and state tax returns through December 31, 2020.

33 unchanged sentences

SCHEDULE OF DISAGGREGATION OF REVENUE

Environmental Solutions

Three months ended June 30, 2022

Environmental Solutions

Environmental

Three months ended September 30, 2022

Environmental

Sources of Revenue

2 unchanged sentences

Total Revenue

Environmental Solutions

Three months ended June 30, 2021

Environmental Solutions

Environmental

Three months ended September 30, 2021

Environmental

Sources of Revenue

3 unchanged sentences

Total Revenue

Environmental Solutions

Six months ended June 30, 2022

Environmental Solutions

Environmental

Nine months ended September 30, 2022

Environmental

Sources of Revenue

2 unchanged sentences

Total Revenue

Environmental Solutions

Six months ended June 30, 2021

Environmental Solutions

Environmental

Nine months ended September 30, 2021

Environmental

Sources of Revenue

3 unchanged sentences

Total Revenue

(1) Includes $ 171,400 of revenue included in discontinued operations

a performance obligation has been satisfied but not yet invoiced at the reporting date, a contract asset is recognized on the balance

7 unchanged sentences

(non-current)

as of June 30, 2022

as of September 30, 2022

as of December 31, 2021

$ ( 176,600 )

majority of the Company’s revenue is generally invoiced on a weekly or monthly basis, and the payments are generally received

within approximately 30-60 days.

Contract liabilities and deferred revenue are recorded when cash payments are received or due in

advance of the Company’s performance, including amounts that are refundable.

majority of the Company’s revenue is generally invoiced on a weekly or monthly basis, and the payments are generally received within

approximately 30-60 days.

Contract liabilities and deferred revenue are recorded when cash payments are received or due in advance of

the Company’s performance, including amounts that are refundable.

Performance Obligations

of June 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations was approximately

of September 30, 2022, the aggregate amount of the transaction price allocated to the remaining performance obligations was approximately

$ 0.8 million, of which the Company expects to recognize approximately 85 % of this revenue over the next 12 months.

4 unchanged sentences

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT

June 30, 2022

December 31, 2021

Field and shop equipment

8 unchanged sentences

Property and equipment, net

expense for the three months ended June 30, 2022, and 2021 was $ 23,100 and $ 26,600 , respectively.

For the three months ended June 30,

expense for the three months ended September 30, 2022, and 2021 was $ 13,100 and $ 26,800 , respectively.

For the three months ended September

30, 2022, and 2021, depreciation expense included in cost of goods sold was $ 12,100 and $ 20,400 , respectively.

For the three months ended

June 30, 2022, and 2021, depreciation expense included in selling, general and administrative expenses was $ 3,400 and $ 6,500 , respectively.

expense for the six months ended June 30, 2022, and 2021 was $ 47,900 and $ 53,200 , respectively.

For the six months ended June 30, 2022,

September 30, 2022, and 2021, depreciation expense included in selling, general and administrative expenses was $ 1,000 and $ 6,400 , respectively.

expense for the nine months ended September 30, 2022, and 2021 was $ 61,100 and $ 80,000 , respectively.

For the nine months ended September

30, 2022, and 2021, depreciation expense included in cost of goods sold was $ 50,200 and $ 60,700 , respectively.

For the six months ended June 30,

2022, and 2021, depreciation expense included in selling, general and administrative expenses was $ 9,800 and $ 12,900 , respectively.

expense on leased CoronaLux™ units included in depreciation and amortization above is $ 0 as of June 30, 2022, and 2021, respectively.

For the nine months ended

September 30, 2022, and 2021, depreciation expense included in selling, general and administrative expenses was $ 10,800 and $ 19,300 ,

respectively.

expense on leased CoronaLux™ units included in depreciation and amortization above is $ 0 as of September 30, 2022, and 2021, respectively.

and equipment included the following amounts for leases that have been capitalized at:

SCHEDULE OF PROPERTY AND EQUIPMENT FOR LEASES CAPITALIZED

June 30, 2022

September 30, 2022

December 31, 2021

5 unchanged sentences

SCHEDULE OF INTANGIBLE ASSETS

June 30, 2022 (unaudited)

September 30, 2022 (unaudited)

Gross carrying amount

11 unchanged sentences

Amortization expense was $ 4,400 and $ 6,400 for the

three months ended June 30, 2022, and 2021, respectively.

Amortization expense was $ 11,100 and $ 16,100 for the six months ended June

30, 2022, and 2021, respectively.

three months ended September 30, 2022, and 2021, respectively.

Amortization expense was $ 15,500 and $ 22,400 for the nine months ended

September 30, 2022, and 2021, respectively.

Company has entered into operating leases primarily for real estate.

4 unchanged sentences

These operating leases are included in “Right

of use assets” on the Company’s June 30, 2022, Consolidated Balance Sheets and represent the Company’s right to use

the underlying asset for the lease term.

of use assets” on the Company’s September 30, 2022, Consolidated Balance Sheets and represent the Company’s right to

use the underlying asset for the lease term.

The Company’s obligation to make lease payments are included in “Current portion

of lease liabilities” and “Lease liabilities net of current portion” on the Company’s June 30, 2022, Consolidated

of lease liabilities” and “Lease liabilities net of current portion” on the Company’s September 30, 2022, Consolidated

Balance Sheets.

4 unchanged sentences

1, 2019, are recognized at commencement date based on the present value of lease payments over the lease term.

As of June 30, 2022, total

right-of-use assets and operating lease liabilities were approximately $ 276,700 and $ 308,900 , respectively.

All operating lease expense

is recognized on a straight-line basis over the lease term.

In the six months ended June 30, 2022, the Company recognized approximately

$ 41,800 in operating lease costs for right-of-use assets.

As of September 30, 2022,

total right-of-use assets and operating lease liabilities were approximately $ 263,400 and $ 294,900 respectively.

All operating lease

expense is recognized on a straight-line basis over the lease term.

In the nine months ended September 30, 2022, the Company recognized

approximately $ 62,700 in operating lease costs for right-of-use assets.

the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present

4 unchanged sentences

SCHEDULE OF RIGHT-OF-USE ASSETS AND RELATED LEASE LIABILITIES

Six months ended June 30,

Nine months ended September 30,

Cash paid for operating lease liabilities

2 unchanged sentences

Weighted-average discount rate

Maturities of lease liabilities as of June 30, 2022 were as follows:

Maturities of lease liabilities as of September 30, 2022 were as follows:

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

2 unchanged sentences

Total lease liabilities

Current operating lease liabilities

Non-current operating lease liabilities

Total lease liabilities

7 – ACCRUED LIABILITIES

1 unchanged sentence

SCHEDULE OF ACCRUED LIABILITIES

compensation and related taxes

settlement/litigation claims

and defect claims

Accrued Liabilities

September 30,

Accrued compensation and related taxes

Accrued interest

Accrued settlement/litigation claims

Warranty and defect claims

Total Accrued Liabilities

8 – UNCOMPLETED CONTRACTS

1 unchanged sentence

SCHEDULE OF UNCOMPLETED CONTRACTS

June 30, 2022

December 31, 2021

Revenue recognized

billings to date

Contract assets

Billings to date

Revenue recognized

( 2,773,600 )

Contract liabilities

9 – INVESTMENT IN PARAGON WASTE SOLUTIONS LLC

its inception through June 30, 2022, the Company has provided approximately $ 6.5 million in funding to PWS for working capital and the

further development and construction of various prototypes and commercial waste destruction units.

( 1,052,400 )

9 – INVESTMENTS

Waste Solutions LLC

its inception through September 30, 2022, the Company has provided approximately $ 6.5 million in funding to PWS for working capital and

the further development and construction of various prototypes and commercial waste destruction units.

No members of PWS have made capital

2 unchanged sentences

against future earnings distributions made by PWS.

as of June 30, 2022 (Unaudited), and December 31, 2021, was comprised of the following:

Southwest Medical Waste

July 20, 2022, PWS transferred all patents owned covering medical waste destruction, and related technology, to its joint venture, Paragon

Southwest Medical Waste (“PSMW”), in exchange for units in PSMW.

The units in PSMW transferred in connection with this transaction

increased SEER’s equity in PSMW to approximately 30 %, on a total consolidated basis.

This transaction also canceled the irrevocable

license and royalty agreement, and the management agreement between PWS and PSMW.

as of September 30, 2022 (Unaudited), and December 31, 2021, was comprised of the following:

SCHEDULE OF DEBT

Paycheck protection program

Short term notes

Convertible notes, unsecured

Current portion of long-term debt and capital lease obligations

Long term debt and capital lease obligations

protection program

notes, unsecured

Current portion of long-

term debt and

capital lease obligations

Long term debt and

capital lease

Balance December 31, 2021

2 unchanged sentences

Principal reductions

( 96,600 ) (1)

Long term debt to current

Amortization of debt discount

Balance June 30, 2022

Balance September 30, 2022

$ 3,397,600 (3)

Payroll Protection Program final note forgiveness was confirmed during the first quarter of 2022.

Protection Program final note forgiveness confirmed during the first quarter of 2022.

Secured note payable of $ 13,300 , secured by and proceeds used to buy a forklift, dated March 15, 2022, interest at an annual rate

of 6.5 % simple interest and matures on February 15, 2025 , with payments of approximately $ 400 per month, in accordance with the note’s

For the six months ended June 30, 2022, the Company recorded interest expense of $ 300 .

Unpaid interest at June 30, 2022

of 6.5 % simple interest and matures on February 15, 2025 , with payments of approx $ 400 per month, in accordance with the note’s

For the nine months ended September 30, 2022, the Company recorded interest expense of $ 300 .

Unpaid interest at September

30, 2022 was $ 0 .

$ 4,300 of this note is included in the current portion of long-term debt.

5 unchanged sentences

the note’s provisions.

For the six months ended June 30, 2022, the Company recorded interest expense of $ 7,700 .

Unpaid interest

at June 30, 2022 was approximately $ 7,700 .

balance consists of $ 2,410,300 of secured notes, and $ 404,700 unsecured notes payable.

For the nine months endedSeptember 30, 2022, the Company recorded interest expense of $ 12,700 .

interest at September 30, 2022 was approximately $ 12,700 .

The balance consists of $ 2,910,200

of secured notes, and $ 484,700

unsecured notes payable.

There were two new notes entered into

during the three months ended September 30, 2022.

A) A secured note payable of $ 500,000 ,

secured by net revenue from sale of any and all MV Technology products, interest at an annual rate of 10 %

simple interest and matures on August

Monthly payments of $ 25,000

a month on the last day of the third month and continue in months four and five.

At the end of the sixth month monthly payments

in the amount of $ 50,000

and continue until the end month twelve at which time all outstanding principal and interest shall be due.

Unpaid interest at

September 30, 2022 was approximately $ 6,200 .

B) An unsecured note of $ 100,000

payable, dated July 20, 2022, interest at an annual rate of 8 %

payable on or before July 19, 2023.

Unpaid interest at September 30, 2022 was approximately $ 1,600 .

11 – RELATED PARTY TRANSACTIONS

2 unchanged sentences

SCHEDULE OF RELATED PARTIES, NOTES PAYABLE AND ACCRUED INTEREST

June 30, 2022

December 31, 2021

September 30,

Short term notes

Accrued interest

Total short-term notes and accrued interest - Related

Total short-term notes and accrued interest - Related parties

12 – EQUITY TRANSACTIONS

Common Stock Transactions

the six months ended June 30, 2022, no new equity transactions have occurred.

the nine months ended September 30, 2022, no new equity transactions have occurred.

Common Stock Transactions

the six months ended June 30, 2021, no new equity transactions have occurred.

the nine months ended September 30, 2021, no new equity transactions have occurred.

Non-controlling

5 unchanged sentences

13 – CUSTOMER CONCENTRATIONS

Company had sales from operations to four, and five customers, for the six months ended June 30, 2022, and 2021, respectively, that surpassed

the 10% threshold of total revenue, respectively.

In total, these customers represented approximately 53 % and 76 % of our total sales

for the six months ended June 30, 2022, and 2021, respectively.

The concentration of the Company’s business with a relatively small

number of customers may expose us to a material adverse effect if one or more of these large customers were to experience financial difficulty or were to cease being

customers for non-financial related issues.

Company had sales from operations to three and two customers, for the nine months ended September 30, 2022, and 2021, respectively,

that surpassed the 10% threshold of total revenue, respectively.

In total, these customers represented approximately 36 %

of our total sales for the nine months ended September 30, 2022, and 2021, respectively.

The concentration of the Company’s

business with a relatively small number of customers may expose us to a material adverse effect if one or more of these large

customers were to experience financial difficulty or were to cease being customers for non-financial related issues.

14 – NET GAIN OR LOSS PER SHARE

6 unchanged sentences

would be anti-dilutive.

For six months ended June 30, 2022, all potentially dilutive securities have been excluded from the diluted share

calculations because they were anti-dilutive as a result of the net losses incurred for the respective period, or were dilutive, but

the exercise prices were above the stock price for the entire period, deeming them not to be converted, or exercised during the period.

For nine months ended September 30, 2022, all potentially dilutive securities have been excluded from the diluted

share calculations because they were anti-dilutive as a result of the net losses incurred for the respective period, or were dilutive,

but the exercise prices were above the stock price for the entire period, deeming them not to be converted, or exercised during the period.

Accordingly, basic shares equal diluted shares for all periods presented.

1 unchanged sentence

SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

Ended June 30,

Nine Months Ended September 30,

Convertible notes payable, including accrued interest

5 unchanged sentences

December 31, 2021.

For the six months ended June 30, 2021, all operations from REGS have been reported as discontinued operations.

For the nine months ended September 30, 2021, all operations from REGS have been reported as discontinued operations.

classes of line items constituting pretax income on discontinued operations (unaudited):

SCHEDULE OF DISPOSAL GROUPS, INCLUDING DISCONTINUED OPERATIONS

For the six months ended

For the nine months ended

September 30,

Services revenue

7 unchanged sentences

Total income from discontinued operations

$ ( 133,700 )

16 – SEGMENT INFORMATION AND MAJOR CUSTOMERS

7 unchanged sentences

All intercompany transactions have been eliminated.

information for the three and six months ended June 30, 2022 (unaudited), and 2021 is as follows:

information for the three and nine months ended September 30, 2022 (unaudited), and 2021 is as follows:

SCHEDULE OF SEGMENT INFORMATION

Three Months ended June 30,

Months ended September 30,

Environmental

10 unchanged sentences

Capital expenditures (cash and noncash)

Six months ended June 30,

months ended September 30,

Environmental

3 unchanged sentences

Net income (loss)

( 1,425,200 )

( 1,542,300 )

Capital expenditures (cash and noncash)

5 unchanged sentences

Capital expenditures (cash and noncash)

(1) Includes depreciation of property, equipment, and leasehold improvements and amortization of intangibles.

(2) The environmental solutions segment contains the total net income (loss)

from discontinued operations of REGS.

NOTE 17 – SUBSEQUENT EVENTS

On July 20, 2022, PWS transferred all patents

owned covering medical waste destruction, and related technology, to its joint venture, Paragon Southwest Medical Waste

(“PSMW”), in exchange for units in PSMW.

The units in PSMW transferred in connection with this transaction increased

SEER’s equity in PSMW to approximately 30 %,

on a total consolidated basis.

This transaction also canceled the irrevocable license and royalty agreement, and the management

agreement between PWS and PSMW.

Includes depreciation of property, equipment, and leasehold

improvements and amortization of intangibles.

The environmental solutions segment contains the total

net income (loss) from discontinued operations of REGS.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements