Strategic Environmental & Energy Resources, Inc. Files 2023 Annual Report

TL;DR

<b>Strategic Environmental & Energy Resources, Inc. has filed its 2023 10-K annual report.</b>

AI Summary

Strategic Environmental & Energy Resources, Inc. (SENR) filed a Annual Report (10-K) with the SEC on April 16, 2024. Filed a 10-K report for the fiscal year ending December 31, 2023. The company is incorporated in Nevada and operates in Hazardous Waste Management. Business and mailing address is located at 370 Interlocken Boulevard, Suite 680, Broomfield, CO 80021. Fiscal year ends on December 31st. Report filed on April 16, 2024.

Why It Matters

For investors and stakeholders tracking Strategic Environmental & Energy Resources, Inc., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and operational status for the fiscal year 2023. Investors and stakeholders can review key financial data, risk factors, and business strategies disclosed in the report.

Risk Assessment

Risk Level: low — Strategic Environmental & Energy Resources, Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, which is routine for publicly traded companies and does not indicate any immediate or significant new risks.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion, and risk factors to assess the company's performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-16 — Filing Date (Date the 10-K was filed)
• 000-54987 — SEC File Number (SEC file number for the company)
• 4955 — SIC Code (Standard Industrial Classification code)

Key Players & Entities

• Strategic Environmental & Energy Resources, Inc. (company) — Filer name
• SENR (company) — Ticker symbol
• NV (company) — State of incorporation
• Broomfield (company) — City of business address
• CO (company) — State of business address

FAQ

Industry Context

Strategic Environmental & Energy Resources, Inc. operates within the Hazardous Waste Management industry, providing services related to environmental solutions and energy transportation.

Regulatory Implications

The company is subject to regulations governing hazardous waste management and environmental protection, typical for its industry.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue trends, profitability, and cash flow.
2. Review the 'Risk Factors' section for potential challenges and uncertainties facing the company.
3. Examine the 'Management's Discussion and Analysis of Financial Condition and Results of Operations' for insights into business performance and strategy.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-04-16: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing analyzed, so no prior filing data is available for comparison.

Key Financial Figures

• $0.10 — 148,226 , based upon a closing price of $0.10 per share. As of April 15, 2024, ther
• $289,100 — able and had a balance of approximately $289,100. As of December 31, 2022, we had four c
• $461,700 — able and had a balance of approximately $461,700. See Item 1A Risk Factors. Financial
• $34.4 million — an accumulated deficit of approximately $34.4 million as of December 31, 2023, and for the ye
• $2.5 million — continuing operations of approximately $2.5 million. As of December 31, 2023, our current l
• $11.6 million — ded our current assets by approximately $11.6 million. These factors raise substantial doubt
• $1 million — ee Benefits Liability in the amounts of $1 million each, respectively, per year; 2) Contra
• $1 — iability Insurance, which has limits of $1

Filing Documents

• form10-k.htm (10-K) — 1482KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 12KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• 0001493152-24-014808.txt (&nbsp;) — 8428KB
• senr-20231231.xsd (EX-101.SCH) — 72KB
• senr-20231231_cal.xml (EX-101.CAL) — 97KB
• senr-20231231_def.xml (EX-101.DEF) — 224KB
• senr-20231231_lab.xml (EX-101.LAB) — 539KB
• senr-20231231_pre.xml (EX-101.PRE) — 383KB
• form10-k_htm.xml (XML) — 1366KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 19 Item 2.

Properties

Properties 19 Item 3.

Legal Proceedings

Legal Proceedings 19 Item 4. Mine Safety Disclosures 19 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20 Item 6.

Selected Financial Data

Selected Financial Data 20 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operation

Management's Discussion and Analysis of Financial Condition and Results of Operation 21 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 25 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 25 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 25 Item 9A.

Controls and Procedures

Controls and Procedures 25 Item 9B. Other Information 26 PART III Item 10. Directors and Executive Officers of the Registrant 27 Item 11.

Executive Compensation

Executive Compensation 29 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 30 Item 13. Certain Relationships and Related Transactions 31 Item 14. Principal Accountant Fees and Services 32 Part IV Item 15. Exhibits, Financial Statement Schedules 32

Signatures

Signatures 34 2 PART I Cautionary The information contained in this Annual Report may contain certain statements about SEER that are or may be "forward-looking statements" that is, statements related to future, not past, events, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations of the management of SEER and are subject to uncertainty and changes in circumstances and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause our results to differ materially from current expectations include, but are not limited to factors detailed in our reports filed with the U.S. Securities and Exchange Commission ("SEC"), including but not limited to those under the caption "Risk Factors" contained herein. In addition, these statements are based on a number of assumptions that are subject to change. The forward-looking statements contained in the information in this Annual Report may include all other statements in this document other than historical facts. Without limitation, any statements preceded or followed by, or that include the words "targets", "plans", "believes", "expects", "aims", "intends", "will", "may", "anticipates", "estimates", "approximates", "projects", "seeks", "sees", "should," "would," "expect," "positioned," "strategy," or words or terms of similar substance or derivative variation or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, synergies, economic performance, indebtedness, financial condition, losses and future prospects; (ii) business and management strategies and the expansion and growth of SEER; (iii) the effects of g

Business

Business Strategy SEER's operations to date have been fueled by a combination of synergistic and vertical integration, acquisitions, strategic alliances and organic growth. SEER acquired MV as a wholly owned subsidiary. In 2015 SEM was created to provide recurring and high-margin revenue to the Company by offering an internal source of diverse media solutions required to treat various waste and off-gas streams, particularly digesters and landfills. This enables pricing flexibility by the technology solutions affiliates that, in turn, should result in increased sales of systems that leads to greater demand for media. We intend to continue pursuing an aggressive strategy of both acquisitions, strategic partnerships, and organic growth while expanding our geographic footprint into other regions of the United States and foreign markets. Potential acquisitions may include businesses that secure supply chain and vendor logistics or complement our core businesses or companies that provide a similar set of services in regions where the Company does not currently have operations. Upon full development of certain patented and patent-pending technologies, we intend to explore licensing relationships with larger, established companies to generate sustainable revenue streams from domestic and international applications. Intellectual Property MV was issued a patent in 2012 related to "Oil-Gas Vapor Collection, Storage, and Recovery System, etc." Patent No. US 8,206,124 B1. MV was issued a second patent in 2014 titled "Fugitive Gas Capture", US Patent No. 8,708,663 B1, that expanded claims in the earlier patent. In 2017, MV was issued a third patent titled "Dry Chemical Scrubber with Ph Adjustment" Patent No. US 9,630,144 B2. The patents will expire in 2029 and 2031, unless otherwise extended. MV is in the process of expanding the scope and number of claims of this issued patent. In 2013, PWS filed provisional and non-provisional patent applications in the name and for t

View Full Filing

View this 10-K filing on SEC EDGAR