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14. Segment Information

3 Months Ended

Apr. 01, 2017

We operate within targeted markets through two reportable segments: retail and recycling. The retail segment is comprised of income generated through our ApplianceSmart stores, which includes appliance sales and byproduct revenues from collected appliances. The recycling segment includes all fees charged and costs incurred for collecting, recycling and installing appliances for utilities and other customers and includes byproduct revenue, which is primarily generated through the recycling of appliances. We have included the results from consolidating AAP in our recycling segment. The nature of products, services and customers for both segments varies significantly. As such, the segments are managed separately. Our Chief Executive Officer has been identified as the Chief Operating Decision Maker (“CODM”). The CODM evaluates performance and allocates resources based on revenues and income from operations of each segment. Income from operations represents revenues less cost of revenues and operating expenses, including certain allocated selling, general and administrative costs. There are no inter-segment sales or transfers.

The following tables present our segment information for periods indicated:

	Three Months Ended
	April 1, 2017			April 2, 2016
Revenues:
Retail	$	15,789		$	16,668
Recycling		7,450			8,677
Total revenues	$	23,239		$	25,345

Gross profit
Retail		4,207			4,686
Recycling		1,816			1,505
Total gross profit		6,023			6,191

Operating loss:
Retail	$	(78	)	$	63
Recycling		(1,631	)		(850	)
Total operating loss	$	(1,709	)	$	(787	)


Depreciation and amortization:
Retail	$	45		$	54
Recycling		257			271
Total depreciation and amortization	$	302		$	325

Interest Expenses
Retail		1			248
Recycling		296			35
Total interest expenses		297			283

	April 1, 2017		December 31, 2016
Total Assets
Retail	$	5,666	$	17,559
Recycling		28,889		24,297
	$	34,555	$	41,856
Intangible assets
Retail	$	–	$	–
Recycling		56		56
	$	56	$	56