What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-01-14 compared with 2025-10-02 · 247 added, 229 removed, 453 unchanged (51% of the section changed)

2 unchanged sentences

CONSOLIDATED BALANCE SHEETS

September 30,

Current Assets

Cash and cash equivalents

Accounts receivable, net of allowance for credit losses of $ 24,200 and $ 24,200 , respectively

Contract assets

Cash and cash

Accounts receivable, net of allowance for credit losses

of $ 24,200 and $ 24,200 , respectively

Prepaid expenses and other current assets

10 unchanged sentences

Short term notes

Short term notes and accrued interest - related party

Short term notes and accrued interest - related

Convertible notes

Current portion of long-term debt and finance lease obligations

Current portion of long-term debt and finance

lease obligations

Current portion of lease liabilities

9 unchanged sentences

5,000,000 shares authorized;

- 0 - shares issued

Common stock;

1 unchanged sentence

320,000,000 shares authorized;

68,688,575 shares issued, issuable* and outstanding June 30, 2025 and 70,000,000 shares authorized on December 31, 2024

68,688,575 shares issued, issuable* and outstanding September 30, 2025 and 70,000,000 shares authorized on December 31, 2024

Common stock issuable

15 unchanged sentences

numbers are derived from the audited financial statements for the year ended December 31, 2024.

2,785,000 shares issuable at June 30, 2025 and December 31, 2024, per terms of note agreements.

2,785,000 shares issuable at September 30, 2025 and December 31, 2024, per terms of note agreements.

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

1 unchanged sentence

CONSOLIDATED STATEMENTS OF OPERATIONS

For the Three Months Ended

For the Six Months Ended

Total revenue

the Three Months Ended September 30,

the Nine Months Ended September 30,

Operating expenses:

Products costs

General and administrative expenses

Salaries and related expenses

Total operating expenses

General and administrative

and related expenses

operating expenses

Loss from operations

1 unchanged sentence

Interest expense

Other income (expense)

Total non-operating expense, net

income (expense)

non-operating expense, net

Loss from continuing operations

1 unchanged sentence

( 1,494,700 )

Income from discontinued operations, net of tax

Income from discontinued

operations, net of tax

( 1,480,600 )

( 1,491,000 )

Net income (loss) attributable to non-controlling interest

Net Loss attributable to SEER common stockholders

Net income (loss) attributable to non-controlling

Net Loss attributable

to SEER common stockholders

$ ( 455,000 )

2 unchanged sentences

$ ( 1,487,900 )

Basic earnings per share attributable to SEER common stockholders

Basic earnings per share attributable to SEER

common stockholders

Loss from continuing operations, per share

Income from discontinued operations, per share

Income from discontinued

operations, per share

Net Loss per share, basic

Fully diluted earnings per share attributable to SEER common stockholders

Fully diluted earnings per share attributable

to SEER common stockholders

Loss from continuing operations, per share

Income from discontinued operations, per share

Income from discontinued

operations, per share

Net Loss per share, basic

Weighted average shares outstanding – basic

Weighted average shares outstanding – diluted

Weighted average shares outstanding –

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

ENVIRONMENTAL & ENERGY RESOURCES, INC.

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

Preferred Stock

Stock Subscription

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT

Non-controller

Stockholders’

Balances at December 31, 2024

at December 31, 2024

( 36,180,700 )

1 unchanged sentence

( 14,951,800 )

Conversion of preferred stock to common

of preferred stock to common

( 4,000,000 )

Net income (loss)

Balances at March 31, 2025

income (loss)

at March 31, 2025

( 36,627,300 )

1 unchanged sentence

( 15,165,700 )

Issuance of common stock

Net income (loss)

Balances at June 30, 2025

of common stock

income (loss)

at June 30, 2025

( 37,203,900 )

1 unchanged sentence

( 15,734,300 )

Preferred Stock

Stock Subscription

income (loss)

at September 30, 2025

$ ( 37,658,900 )

$ ( 1,956,400 )

$ ( 16,189,800 )

Non-controller

Stockholders’

Balances at December 31, 2023

at December 31, 2023

( 34,377,900 )

1 unchanged sentence

( 13,288,500 )

Net income (loss)

Balances at March 31, 2024

income (loss)

at March 31, 2024

( 34,730,100 )

1 unchanged sentence

( 13,641,600 )

income (loss)

at June 30, 2024

( 35,404,700 )

1 unchanged sentence

( 14,317,600 )

Net income (loss)

Balances at June 30, 2024

( 35,404,700 )

1 unchanged sentence

( 14,317,600 )

income (loss)

at September 30, 2024

$ ( 35,865,800 )

1 unchanged sentence

$ ( 14,779,500 )

$ ( 35,865,800 )

$ ( 1,952,600 )

$ ( 14,779,500 )

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

1 unchanged sentence

CONSOLIDATED STATEMENT OF CASH FLOWS

the Six Months Ended June 30,

Cash flows from operating

from continuing operations

the Nine Months Ended September 30,

Cash flows from operating activities:

Loss from continuing

$ ( 1,480,600 )

3 unchanged sentences

( 1,491,000 )

Adjustments to reconcile net

loss to net cash provided by operating activities:

and amortization

sale of fixed assets

assets held for sale

Adjustments to reconcile net loss to net cash

provided by operating activities:

Depreciation and amortization

Gain on sale of fixed assets

Gain on assets held for

Changes in operating assets

7 unchanged sentences

Deferred revenue

and liabilities held for sale

used in operating activities

Cash flows from investing

Purchase of property and equipment

Assets and liabilities

held for sale

Net cash used in operating

Cash flows from investing activities:

Purchase of property and

from the sale of fixed assets held for sale

(used) provided by investing activities

Cash flows from financing

Net cash (used) provided

by investing activities

Cash flows from financing activities:

Payments of notes and capital

lease obligations

Proceeds from issuance of

from short-term and long-term debt

(used) provided by financing activities

Net (decrease) increase in

Proceeds from issuance

of common stock

Proceeds from short-term

and long-term debt

Net cash (used) provided

by financing activities

Net (decrease) increase in cash

at the beginning of period

at the end of period

disclosures of cash flow information:

Supplemental disclosures

of cash flow information:

paid for interest

12 unchanged sentences

oil and gas, refining, landfill, food, beverage & agriculture, and renewable fuel industries.

The two wholly owned subsidiaries are:

1) MV, LLC (d/b/a MV Technologies) (“MV”), which designs and builds biogas conditioning solutions for the production of renewable

natural gas, odor control systems and natural gas vapor capture primarily for landfill operations, waste-water treatment facilities,

oil and gas fields, refineries, municipalities and food, beverage & agriculture operations throughout the U.S.;

and 2) Strategic

Environmental Materials, LLC, (“SEM”), a materials technology company previously focused on the development of cost-effective

chemical absorbents.

The media production operations were discontinued during the year ended December 31, 2023.

The three wholly owned subsidiaries

1) MV, LLC (d/b/a MV Technologies) (“MV”), which designs and builds biogas conditioning solutions for the production

of renewable natural gas, odor control systems and natural gas vapor capture primarily for landfill operations, waste-water treatment

facilities, oil and gas fields, refineries, municipalities and food, beverage & agriculture operations throughout the U.S.;

Golf, a sales organization providing BioChar primarily to the golf industry;

and 3) Strategic Environmental Materials, LLC, (“SEM”),

a materials technology company previously focused on the development of cost-effective chemical absorbents.

The media production operations

were discontinued during the year ended December 31, 2023.

(See Note 15)

23 unchanged sentences

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

of approximately $ 37.2 million as of June 30, 2025, and for the six months ended June 30, 2025, we incurred a net loss from continuing

operations of approximately $ 1.0 million.

As of June 30, 2025, our current liabilities exceeded our current assets by approximately $ 14.0

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, 2025, is dependent upon continued operations.

of approximately $ 37.7 million as of September 30, 2025, and for the nine months ended September 30, 2025, we incurred a net loss from

continuing operations of approximately $ 1.5 million.

As of September 30, 2025, our current liabilities exceeded our current assets by

approximately $ 14.5 million.

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

of a major portion of the Company’s assets as of September 30, 2025, 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 six months

ended June 30, 2025, the Company raised approximately $ 0.2 million from the issuance of short-term and long-term debt, offset by payments

of principal on short term notes of $ 0.3 million, for a net cash used by financing activities of approximately $ 0.2 million.

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

The Company 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.

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

through the Company’s joint ventures.

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.

For the nine months

ended September 30, 2025, the Company raised approximately $ 0.6 million from the issuance of short-term and long-term debt, offset by

payments of principal on short term notes of $ 0.5 million, for a net cash used by financing activities of approximately $ 0.1 million.

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

The Company 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.

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

and operate through the Company’s joint ventures.

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.

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

55 unchanged sentences

R&D expenses were

$ 0 for both the six months ended June 30, 2025, and 2024.

both the nine months ended September 30, 2025, and 2024.

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

12 unchanged sentences

to be recognized.

During the six months ended June 30, 2025, and 2024 the Company recognized no adjustments for uncertain tax positions.

During the nine months ended September 30, 2025, and 2024 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, 2025, and 2024.

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, 2025, and 2024.

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, 2023.

28 unchanged sentences

SCHEDULE OF DISAGGREGATION OF REVENUE

Three months ended June 30, 2025

Environmental Solutions

Sources of Revenue

Three months ended

September 30, 2025

Environmental

Product sales

Total Revenue

Three months ended June 30, 2024

Environmental Solutions

Sources of Revenue

September 30, 2024

Environmental

Product sales

Total Revenue

Six months ended June 30, 2025

Environmental Solutions

Sources of Revenue

September 30, 2025

Environmental

Product sales

Total Revenue

Six months ended June 30, 2024

Environmental Solutions

Sources of Revenue

September 30, 2024

Environmental

Product sales

Total Revenue

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

3 unchanged sentences

SCHEDULE OF CONTRACT BALANCES

Contract Liabilities

Receivable, net

Deferred Revenue

Accounts Receivable, net

Contract Assets

Contract Liabilities

(non-current)

Balance as of June 30, 2025

Balance as of September 30, 2025

Balance as of December 31, 2024

Increase (decrease)

$ ( 125,500 )

$ ( 178,900 )

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

3 unchanged sentences

Performance Obligations

of June 30, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations was approximately

of September 30, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations was approximately

$ 1.4 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, 2025

December 31, 2024

Field and shop equipment

2 unchanged sentences

and equipment, gross

accumulated depreciation and amortization

Property and equipment, net

accumulated depreciation

and amortization

and equipment, net

numbers are derived from the audited financial statements for the year ended December 31,

expense for the three months ended June 30, 2025, and 2024 was $ 2,400 and $ 3,100 , respectively.

For the three months ended June 30, 2025,

expense for the three months ended September 30, 2025, and 2024 was $ 2,400 and $ 2,900 , respectively.

For the three months ended September

30, 2025, and 2024, depreciation expense included in cost of goods sold was $ 1,300 and $ 1,900 , respectively.

For both the three months ended June

30, 2025, and 2024, depreciation expense included in selling, general and administrative expenses was $ 1,100 .

expense for the six months ended June 30, 2025, and 2024 was $ 5,300 and $ 6,000 , respectively.

For the six months ended June 30, 2025,

For the three months ended

September 30, 2025, and 2024, depreciation expense included in selling, general and administrative expenses was $ 1,100 and $ 1,000 , respectively.

expense for the nine months ended September 30, 2025, and 2024 was $ 7,700 and $ 8,900 , respectively.

For the nine months ended September

30, 2025, and 2024, depreciation expense included in cost of goods sold was $ 4,500 and $ 5,900 , respectively.

For the six months ended June 30,

2025, and 2024, depreciation expense included in selling, general and administrative expenses was $ 2,100 and $ 1,900 , respectively.

For the nine months ended

September 30, 2025, and 2024, depreciation expense included in selling, general and administrative expenses was $ 3,200 and $ 3,000 , respectively.

5 – INTANGIBLE ASSETS

SCHEDULE OF INTANGIBLE ASSETS

June 30, 2025 (unaudited)

Gross carrying amount

Accumulated amortization

Net carrying value

30, 2025 (unaudited)

carrying amount

carrying value

Customer list

$ ( 768,700 )

December 31, 2024 *

Gross carrying amount

Accumulated amortization

Net carrying value

carrying amount

carrying value

Customer list

2 unchanged sentences

estimated useful lives of the intangible assets range from seven 7 to twenty years .

Amortization expense was $ 700 for both the six months

ended June 30, 2025, and 2024, respectively.

Amortization expense was $ 1,300 and $ 1,600 for the six months ended June 30, 2025, and 2024,

respectively.

Amortization expense was $ 700 for both the three months

ended September 30, 2025, and 2024.

Amortization expense was $ 2,100 for both the nine months ended September 30, 2025, and 2024.

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, 2025, Consolidated Balance Sheets and represent the Company’s right to use

of use assets” on the Company’s September 30, 2025, 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, 2025, Consolidated

of lease liabilities” and “Lease liabilities net of current portion” on the Company’s September 30, 2025, Consolidated

Balance Sheets.

As of June 30, 2025, total right-of-use assets and operating lease liabilities were approximately $ 114,600 and $ 132,500 ,

As of September 30, 2025, total right-of-use assets and operating lease liabilities were approximately $ 114,600 and $ 132,500 ,

respectively.

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

In the six months ended June 30,

In the nine months ended September

30, 2025, the Company recognized approximately $ 11,600 in operating lease costs for right-of-use assets.

As of June 30, 2025, the Company

is in default of the office lease, and is not occupying the leased space.

As of September 30, 2025, the

Company is in default of the office lease, and is not occupying the leased space.

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,

months ended September 30,

Cash paid for operating lease liabilities

2 unchanged sentences

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities as of June 30, 2025 were as follows:

Maturities of lease liabilities as of September

30, 2025 were as follows:

Total operating lease

4 unchanged sentences

SCHEDULE OF ACCRUED LIABILITIES

Accrued compensation and related taxes

September 30,

Accrued compensation and related

Accrued interest

1 unchanged sentence

Warranty and defect claims

Total Accrued Liabilities

Accrued Liabilities

numbers are derived from the audited financial statements for the year ended December 31,

2 unchanged sentences

SCHEDULE OF UNCOMPLETED CONTRACTS

September 30,

Revenue recognized

9 unchanged sentences

Waste Solutions LLC

its inception through June 30, 2025, the Company has provided approximately $ 6.4 million in funding to PWS for working capital and the

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

its inception through September 30, 2025, the Company has provided approximately $ 6.4 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

11 unchanged sentences

June 30, 2023, the Company exchanged its interest in PSMW in exchange for a 2 % interest in Amlon Holdings when PSWM was acquired by Amlon

as of June 30, 2025 (unaudited), and December 31, 2024*, was comprised of the following:

as of September 30, 2025 (unaudited), and December 31, 2024*, was comprised of the following:

SCHEDULE OF DEBT

Current portion of long-

term debt and capital

lease obligations

Long term debt

Current portion

long-term debt and

capital lease obligations

Balance December 31, 2024

4 unchanged sentences

Amortization of debt discount

Balance June 30, 2025

Balance September 30, 2025

$ 5,140,300 (2)

$ 1,836,100 (3)

An unsecured note payable of $ 52,200 , dated January 1, 2025, interest at an annual rate of 9.75 % interest and is payable in ten payments

ending in November of 2025.

For the six months ended June 30, 2025, the Company recorded interest expense of $ 1,400 .

An unsecured note payable of $ 52,200 ,

dated January 1, 2025, interest at an annual rate of 9.75 %

interest and is payable in ten payments ending in November of 2025.

For the nine months ended September 30, 2025, the

Company recorded interest expense of $ 2,100 .

There was $ 0

accrued and unpaid interest as of June 30, 2025.

B) An unsecured note payable of $ 12,000 , dated February 21, 2025, interest at an

annual rate of 8 % simple interest and matured on March 21, 2025.

For the six months ended June 30, 2025, the Company recorded interest

expense of $ 400 .

There was $ 400 accrued and unpaid interest as of June 30, 2025.

C) An unsecured note payable of $ 150,000 , dated

April 25, 2025, interest at an annual rate of 8 % simple interest and matured on June 20, 2025.

For the six months ended June 30,

2025, the Company recorded interest expense of $ 8,000 .

There was $ 8,000 accrued and unpaid interest as of June 30, 2025.

accrued and unpaid interest as of September 30, 2025.

B) An unsecured note payable of $ 12,000 ,

dated February 21, 2025, interest at an annual rate of 8 %

simple interest and matured on March

For the nine months ended September 30, 2025, the Company recorded interest expense of $ 700 .

There was $ 700

accrued and unpaid interest as of September 30, 2025.

C) An unsecured note payable of $ 150,000 ,

dated April 25, 2025, interest at an annual rate of 8 %

simple interest and matured on June

For the nine months ended September 30, 2025, the Company recorded interest expense of $ 8,000 .

There was $ 0

accrued and unpaid interest as of September 30, 2025, and the note was paid in full.

D) An unsecured note payable of

dated July 3, 2025, interest at an annual rate of 8 %

simple interest and matured on August

For the nine months ended September 30, 2025, the Company recorded interest expense of $ 5,300 .

There was $ 5,300

accrued and unpaid interest as of September 30, 2025.

E) An unsecured note payable of $ 100,000 ,

dated July 25, 2025, interest at an annual rate of 8 %

simple interest and matured on September

For the nine months ended September 30, 2025, the Company recorded interest expense of $ 5,300 .

There was $ 5,300

accrued and unpaid interest as of September 30, 2025.

F) An unsecured note payable of $ 200,000 ,

dated September 23, 2025, interest at an annual rate of 8 %

simple interest and matured on November

For the nine months ended September 30, 2025, the Company recorded interest expense of $ 12,800 .

There was $ 12,800

accrued and unpaid interest as of September 30, 2025.

balance consists of $ 4,210,200 of secured notes, and $ 930,100 unsecured notes payable, of which $ 4,450,000 are in default.

2 unchanged sentences

SCHEDULE OF RELATED PARTIES NOTES PAYABLE AND ACCRUED INTEREST

September 30,

Short term notes

Accrued interest

Total short-term notes and accrued interest - Related parties

numbers are derived from the audited financial statements for the year ended December 31,

Total short-term notes

and accrued interest - Related parties

12 – EQUITY TRANSACTIONS

Common Stock Transactions

the six months ended June 30, 2025, the Company sold 200,000 shares of restricted common stock at $ 0.05 per share.

Net proceeds were

$ 9,000 , after paying a 10 % in transaction fees.

the six months ended June 30, 2025, 4 million shares of preferred stock was converted into 3.6 million shares of common stock.

of the transaction, $ 225,000 of debt was also contributed to paid in capital, as well as $ 8,600 in accrued interest on the debt.

the nine months ended September 30, 2025, the Company sold 200,000 shares of restricted common stock at $ 0.05 per share.

were $ 9,000 , after paying a 10 % in transaction fees.

the nine months ended September 30, 2025, 4 million shares of preferred stock was converted into 3.6 million shares of common stock.

As part of the transaction, $ 225,000 of debt was also contributed to paid in capital, as well as $ 8,600 in accrued interest on the debt.

Common Stock Transactions

the six months ended June 30, 2024, no new equity transactions have occurred.

the nine months ended September 30, 2024, no new equity transactions have occurred.

Non-controlling

5 unchanged sentences

13 – CUSTOMER CONCENTRATIONS

Company had sales from operations from three and zero customers, for the six months ended June 30, 2025, and 2024 that surpassed the

Company had sales from operations from two and one customers, for the nine months ended September 30, 2025, and 2024 that surpassed the

10% threshold of total revenue, respectively.

10 unchanged sentences

would be anti-dilutive.

For the six months ended June 30, 2025 and 2024, 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

For the nine months ended September 30, 2025 and 2024, 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

Six months ended June 30,

Convertible notes payable, including accrued interest

months ended September 30,

Convertible notes payable,

including accrued interest

dilutive securities

2 unchanged sentences

production operations of the Company’s wholly owned subsidiary, SEM, LLC.

For the unaudited six months ended June 30, 2025 and

2024, all media production operations from SEM have been reported as discontinued operations.

For the unaudited nine months ended September 30, 2025

and 2024, all media production operations from SEM have been reported as discontinued operations.

Management intends to use the SEM entity

3 unchanged sentences

SCHEDULE OF DISCONTINUED OPERATIONS

Property and equipment, net

Total Assets held for sale

September 30,

Property and equipment,

Assets held for sale

Accounts payable

Accrued liabilities

Current portion of long-term debt

Current portion of long-term

Total current liabilities

Long-term debt

Total liabilities held for sale

liabilities held for sale

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

For the six months ended

For the nine months ended

Services revenue

3 unchanged sentences

Other income (expense)

Gain on sale of assets held for sale

of assets held for sale

Total income (expense)

1 unchanged sentence

Income tax benefit

Total income (loss) from discontinued operations

Total income (loss)

from discontinued operations

16 – SEGMENT INFORMATION AND MAJOR CUSTOMERS

Company currently has identified two segments as follows:

SEM, PelleChar

SEM, PelleChar, SEER Golf

Environmental

5 unchanged sentences

All intercompany transactions have been eliminated.

information for the (unaudited) three and six months ended June 30, 2025 and 2024 is as follows:

information for the (unaudited) three and nine months ended September 30, 2025 and 2024 is as follows:

SCHEDULE OF SEGMENT INFORMATION

Three Months Ended June 30,

Months Ended September 30,

Environmental

Depreciation and amortization

Interest expense

Net income (loss) attributable to SEER common stockholders

Capital expenditures (cash and noncash)

and amortization

income (loss) attributable to SEER common stockholders

expenditures (cash and noncash)

Environmental

Depreciation and amortization

Interest expense

Net income (loss) attributable to SEER common stockholders

Capital expenditures (cash and noncash)

Six Months Ended June 30,

and amortization

income (loss) attributable to SEER common stockholders

expenditures (cash and noncash)

Months Ended September 30,

Environmental

Depreciation and amortization

Interest expense

Stock-based compensation

Net income (loss) attributable to SEER common stockholders

and amortization

income (loss) attributable to SEER common stockholders

( 1,795,900 )

( 1,478,200 )

Capital expenditures (cash and noncash)

expenditures (cash and noncash)

Environmental

Depreciation and amortization

Interest expense

Net income (loss) attributable to SEER common stockholders

and amortization

income (loss) attributable to SEER common stockholders

( 1,669,800 )

6 unchanged sentences

17 – SUBSEQUENT EVENTS

July 2025, the Company received proceeds of $ 100,000 by issuing a secured short-term promissory note, bearing interest at a rate of 8 %

per annum, and maturing on August 18, 2025.

October 2025, the Company received proceeds of $ 100,000 by issuing a secured short-term promissory note, bearing interest at a rate of

8 % per annum, and maturing on December 1, 2025 .

The interest rate increases to 12 % after August 18, 2025, if not paid in full.

in July 2025, the Company received proceeds of $ 100,000 by issuing a secured short-term promissory note, bearing interest at a rate of

8 % per annum, and maturing on September 7, 2025.

The interest rate increases to 12 % after September 7, 2025, if not paid in full.

Also in September 2025, the Company received proceeds of $ 200,000 by issuing a secured short-term promissory note,

bearing interest at a rate of 8 % per annum, and maturing on November 18, 2025.

The interest rate increases to 12 % after November 18, 2025,

if not paid in full.

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