SENR Files Q3 2024 10-Q Report

TL;DR

**SENR dropped its Q3 10-Q. Check financials.**

AI Summary

Strategic Environmental & Energy Resources, Inc. (SENR) filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Specific financial figures and operational highlights are expected to be detailed within the full report.

Why It Matters

This filing provides investors with the latest financial health and operational performance of Strategic Environmental & Energy Resources, Inc., crucial for investment decisions.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant positive or negative performance trends for the company.

Key Players & Entities

• Strategic Environmental & Energy Resources, Inc. (company) — Filer of the 10-Q
• SENR (company) — Ticker symbol for Strategic Environmental & Energy Resources, Inc.
• 2024-09-30 (date) — End of the reporting period
• 2024-11-19 (date) — Date of filing

FAQ

Filing Documents

• form10-q.htm (10-Q) — 901KB
• 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
• 0001493152-24-046698.txt ( ) — 5187KB
• senr-20240930.xsd (EX-101.SCH) — 41KB
• senr-20240930_cal.xml (EX-101.CAL) — 74KB
• senr-20240930_def.xml (EX-101.DEF) — 136KB
• senr-20240930_lab.xml (EX-101.LAB) — 318KB
• senr-20240930_pre.xml (EX-101.PRE) — 245KB
• form10-q_htm.xml (XML) — 824KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024, and 2023 (unaudited) 4 Condensed Consolidated Statement of Changes in Stockholders' Deficit as of September 30, 2024, and 2023 (unaudited) 5 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024, and 2023 (unaudited) 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 24 Item 4.

Controls and Procedures

Controls and Procedures 24

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 26 Item 1A.

Risk Factors

Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 28

SIGNATURES

SIGNATURES 29 2 Part I. FINANCIAL INFORMATION Item 1. Financial Statements STRATEGIC ENVIRONMENTAL & ENERGY RESOURCES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS September 30, December 31, * 2024 2023 (unaudited) * ASSETS Current Assets Cash and cash equivalents $ 42,200 $ 57,900 Accounts receivable, net of allowance for credit losses of $ 24,200 and $ 24,200 , respectively 468,100 340,800 Inventory 2,100 16,800 Contract assets 34,300 17,000 Prepaid expenses and other current assets 390,100 81,400 Assets held for sale - 54,300 Total Current Assets 936,800 568,200 Property and equipment, net 46,900 33,600 Intangible Assets, net 15,400 17,900 Right of use assets 143,200 191,300 Other assets 40,000 40,000 TOTAL ASSETS $ 1,182,300 $ 851,000 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities Accounts payable $ 1,183,700 $ 816,600 Accrued liabilities 4,490,300 3,759,300 Contract liabilities 685,800 829,800 Deferred revenue 286,700 43,300 Customer deposits - 26,800 Short term notes 4,951,800 4,243,100 Short term notes and accrued interest - related party 213,000 201,400 Convertible notes 1,605,000 1,605,000 Current portion of long-term debt and finance lease obligations 507,600 509,800 Current portion of lease liabilities 72,500 72,500 Liabilities held for sale 34,500 42,900 Total Current Liabilities 14,030,900 12,150,500 Lease liabilities net of current portion 91,900 145,100 Long term debt 1,839,000 1,843,900 Total Liabilities 15,961,800 14,139,500 Commitments and contingencies - - Stockholders' deficit Preferred stock; $ .001 par value; 5,000,000 shares authorized; - 0 - shares issued - - Common stock; $ .001 par value; 70,000,000 shares authorized; 65,088,575 shares issued, issuable* and outstanding June 30, 2024 and December 31, 2023 65,100 65,100 Common stock issuable 25,000 25,000 Additional paid-in capita

View Full Filing

View this 10-Q filing on SEC EDGAR