What changed in this filing

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Item 1. Business

2024-04-16 compared with 2023-04-14 · 48 added, 64 removed, 216 unchanged (34% of the section changed)

4 unchanged sentences

In January 2008, SOZG changed its name to Strategic Environmental & Energy Resources, Inc.

reduced its number of outstanding shares through a reverse stock split and consummated the acquisition of both, REGS, LLC and Tactical

Cleaning Company, LLC.

SEER is dedicated to assembling complementary service and environmental, clean-technology businesses that provide

safe, innovative, cost effective, and profitable solutions in the environmental, waste management and renewable energy industries.

currently operates five companies with four offices in the western and mid-western U.S.

Through these operating companies, SEER provides

products and services throughout the U.S.

and has licensed and owned technologies with many customer installations throughout the U.S.

Each of the five operating companies, which includes our majority owned entities, is discussed in more detail below.

SEER is dedicated to assembling complementary service and environmental, clean-technology businesses that provide safe, innovative, cost-effective,

and profitable solutions in the environmental, waste management, and renewable energy industries.

SEER currently operates four companies

with its headquarters in Broomfield, Colorado.

Through its operating companies, SEER provides environmental products and solutions throughout

North America and is aggressively pursuing international markets for its technologies and products.

SEER’s operating companies

are discussed in more detail below.

Company’s domestic strategy is to grow internally through SEER’s subsidiaries that have well-established revenue streams

and, simultaneously, establish long-term alliances with and/or acquire complementary domestic businesses in rapidly growing markets for

renewable energy, waste and water treatment and industrial services.

The focus of the SEER family of companies, however, is to increase

margins by securing or developing proprietary patented and patent-pending technologies and then leveraging its 20 plus-year service experience

to place these innovations and solutions into the growing markets of emission capture and control, renewable “green gas”

capture and sale, compressed natural gas fuel generation, as well as general solid waste and medical/pharmaceutical waste destruction.

Many of SEER’s current operating companies share customer bases and each provides synergistic services, technologies and products.

Company now owns and manages three operating entities and two entities that have no significant operations to date, as REGS was abandoned

during the third fiscal quarter of 2021.

References in this report to abandoned or abandonment refer to the Company’s determination

not to provide financial support to, or conduct operations in or through, REGS.

renewable energy, waste management/treatment, emissions capture and conditioning, and environmental soil amendments and organic The focus

of the SEER family of companies, however, is to increase margins by securing or developing proprietary patented and patent-pending technologies

and then leveraging its 25-plus-year service experience to place these innovations and solutions into the growing markets of renewable

biogas, emission capture and control, renewable “green gas” capture and sale, organic soil amendments and fertilizers, as

well as general solid waste and medical/pharmaceutical waste destruction.

Many of SEER’s current operating companies share customer

bases and each provides synergistic services, technologies and products.

Entities/Subsidiaries

LLC (d/b/a MV Technologies), (“MV”) :

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from, landfill, wastewater treatment operations and agricultural digester operations.

SEM’s operations were discontinued during the year ended December 31, 2023.

Waste Solutions, LLC (“PWS”):

4 unchanged sentences

the presence of plasma.

The term “non-thermal plasma” refers to a low energy ionized gas that is generated by electrical

discharges between two electrodes.

This technology, commercially referred to as CoronaLux™, is designed and intended for the “clean”

destruction of hazardous chemical and biological waste (i.e ., hospital “red bag” waste) thereby eliminating the need

for costly segregation, transportation, incineration or landfill (with their associated legacy liabilities).

PWS is a 54% owned subsidiary.

(“Reach” or “Benefuels”) (trade name for Benefuels, LLC):

(formed February 2013) owned 85% by

Reach develops renewable natural gas projects that convert raw biogas into pipeline quality gas and/or Renewable,

“RNG”, for fleet vehicles.

Reach has had minimal operations as of December 31, 2022.

destruction of hazardous chemical and biological waste (i.e ., medical waste) thereby eliminating the need for costly segregation,

transportation, incineration or landfill (with their associated legacy liabilities).

In 2023 SEER sold its North American patent rights

in a stock transaction and now holds a small, minority interest in Amlon Holdings.

SEER continues to have the rights to develop the technology

internationally and continues to promote and market the CoronaLux technology in international markets.

LLC (“PelleChar”):

7 unchanged sentences

that is produced using the patented pyrolytic process.

PelleChar activity to date relates to startup of operations, and an increasing

sales effort.

PelleChar activity to date relates to promoting both domestic and international

Revenue and expenses of PelleChar were not material for the year ended December 31, 2023.

MWS Joint Venture :

In October 2014, PWS and Medical Waste Services, LLC (“MWS”) formed a contractual joint venture to

exploit the PWS medical waste destruction technology.

In 2015, MWS licensed and installed a CoronaLux™ unit at an MWS facility,

and subsequently received a limited permit to operate from the South Coast Air Quality Management District (“SCAQMD”) and

the California Department of Public Health.

In November 2017, PWS received final air quality permit approval from SCAQMD allowing for

full operations of the CoronaLux™ unit at the MWS facility.

Southwest Joint Venture :

In December 2017, PWS and GulfWest Waste Solutions, LLC (“GWWS”) formed Paragon Southwest Medical

Waste, LLC (“PSMW”) to exploit the PWS medical waste destruction technology.

PSMW has an exclusive license to the CoronaLux™

technology in a six-state area of the Southern United States.

In 2017, PSMW purchased and installed three CoronaLux™

units at an PSMW facility.

In July 2022, the Company exchanged its patents and related technology to its joint venture, PSMW, in exchange for

units in PSMW.

Company currently has identified three segments as follows:

On December 17, 2022, SEER and Eco Tadweer (“ET”), a business entity incorporated in the Kingdom of Saudi

Arabia (“KSA”) entered into a joint venture with SEER owning a minority, non-controlling 49% interest in the joint venture.

The purpose of the joint venture is to market and monetize SEER’s technologies in and around the KSA.

While SEER is entitled to

appoint one of three managers, ET is responsible for funding, operation and management of the joint venture.

Eco SEER has had minimal

operations as of September 30, 2023.

Company currently has identified two segments as follows:

% of Annual Revenues

SEM, PelleChar

Environmental

is not currently operating but should operations commence it will be part of the Environmental Solutions segment.

The MV RCM Joint Venture

is not currently operating but should operations commence it will be part of the Environmental Solutions segment.

of December 31, 2022, we had four customers who comprised 10% or more of our accounts receivable and had a balance of approximately $461,700.

As of December 31, 2021, we had three customers who comprised 10% or more of our accounts receivable and had a balance of approximately

MV, SEM, PelleChar

Environmental Solutions

Eco SEER Saudi Joint Venture is not currently operating but when operations commence it will be part of the Environmental Solutions segment.

Having been sold, the Paragon Southwest Joint Venture is not currently operating.

Any revenue generated from PWS’s international

marketing efforts will be part of the Solid Waste segment.

of December 31, 2023, we had three customers who comprised 10% or more of our accounts receivable and had a balance of approximately

As of December 31, 2022, we had four customers who comprised 10% or more of our accounts receivable and had a balance of approximately

See Item 1A Risk Factors.

6 unchanged sentences

its diverse services, technologies, and environmental solution offerings, SEER participates in the worldwide markets of environmental

compliance, renewable energy and gaseous and solid waste minimization/management.

There are ever-increasing emissions and solid waste

regulations, as well as statutory programs at the local, state, federal and international levels that create and mandate the need for

renewable energies and waste minimization, proper handling, storage, treatment and disposal of virtually all types of waste.

compliance, renewable energy, gaseous and solid waste minimization/management, and organic fertilizers and soil amendments.

ever-increasing emissions and solid waste regulations, as well as statutory programs at the local, state, federal and international levels

that create and mandate the need for renewable energies and waste minimization, proper handling, storage, treatment and disposal of virtually

all types of waste.

industrial waste management industry in North America was shaped first by the Resource Conservation and Recovery Act of 1976 (“RCRA”),

56 unchanged sentences

patents will expire in or around 2033.

In July 2022, the Company exchanged its patents and related technology to its joint venture, PSMW, in exchange for

units in PSMW.

In July 2022, the Company exchanged its patents and related technology to its joint venture, PSMW,

in exchange for units in PSMW.

industrial services industry is highly competitive.

23 unchanged sentences

other solutions available in the market.

In July 2022, the Company exchanged its patents and related technology to its joint venture, PSMW, in exchange for

units in PSMW.

In July 2022, the Company exchanged its patents and related technology to its joint venture,

PSMW, in exchange for units in PSMW.

Environmental

87 unchanged sentences

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-K

Item 1. Business