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Creative Waste Solutions Inc   (SLVM)
Other Ticker:  
 
    Sector  Services    Industry Environmental Services
   Industry Environmental Services
   Sector  Services
 


Creative Waste Solutions Inc Segments

 
 

Business Segments III. Quarter
Revenues
(in millions $)
(Jun 30 2020)
%
(of total Revenues)
III. Quarter
Income
(in millions $)
(Jun 30 2020)
%
(Profit Margin)
Total
0.02 100 % -0.14 -

• View Income Statement • View Competition by Segment • View Annual Report

Growth rates by Segment III. Quarter
Y/Y Revenue
%
(Jun 30 2020)
Q/Q Revenue
%
III. Quarter
Y/Y Income
%
(Jun 30 2020)
Q/Q Income
%
Total
-67.56 % 1038.64 % - -

• View Growth rates • View Competitors Segment Growth • View Market Share

To get more information on Creative Waste Solutions Inc 's Total segment. Select each division with the arrow.

  Creative Waste Solutions Inc 's

Business Segments Description



Waste Management

The company through its subsidiaries provides waste management environmental services to residential, commercial, industrial, and municipal customers in the geographical region of the South East.

The company’s subsidiaries are involved in the brokerage business and operate a waste transfer station. The company’s expansion has taken place by the following membership and asset purchases:

On April 7, 2016, the Company entered into a membership purchase agreement with Creative Waste Solutions, LLC, a Florida limited liability corporation (“Creative”) whereby the Company purchased 100% of the membership interest for $25,000.


On August 26, 2016, the Company purchased certain assets of Florida based Easy Disposal, Inc., for an aggregate amount of $380,000 which includes 50,000 shares of common stock of the Company, valued at $2.00 per share and the remainder in cash. The Company paid for this acquisition by issuing unsecured notes payable in the aggregate amount of $300,000 that bear interest at 10% per annum and are payable upon demand.

Brokerage Division:

Our brokerage divisions consist of Creative Waste Solutions, LLC and Integrated Waste Transportation Services. Both entities own nominal assets and their accounting only been consolidated since their respective dates of acquisitions of April 7, 2016 and May 22, 2016. Creative Waste Solutions, LLC does not maintain any long term contracts and all revenues are generated through “phone in” orders. Fees are charged based on availability of subcontractors, dumpsters, volume and frequency of pick up. Integrated Waste Transportation maintains a long term contract with a large local Waste Management company and acts as subcontractor for small local waste Management needs.


Waste Stations:

We accept various waste at our Hollywood Florida location. Waste is delivered by small local haulers consolidated and compacted to reduce the volume and increase the density of the waste and transported by transfer trucks disposal sites.

Access to transfer stations is critical to haulers who collect waste in areas not in close proximity to disposal facilities. Fees charged to third parties at transfer stations are usually based on the type and volume or weight of the waste deposited at the transfer station, the distance to the disposal site, market rates for disposal costs and other general market factors.

We do not own the physical site, but we operate under a long term lease on the property. We do own the permits and necessary documentation and responsible for any regulatory requirements relating to the operation and closure of the transfer station.


Land Fill Operations.

Currently, we do not own or operate any land fill operations. All waste accepted by our Waste Station and through our brokerage house is transported to legal entities that operate disposal sites.

Mineral Exploration

On April 14, 2015 the Company acquired the working interest of two producing oil and gas properties in Alberta Canada for US $80,000.

The Company has determined that the asset does not fit the future plans of the Company. Under the guidelines of ASC 360 Newly Acquired Asset Classified as Held for Sale, the Company is actively seeking to dispose of the asset through a sale. As part of the treatment of the asset for sale the Company under ASC 205 Discontinued Operations has treated the expenses related with its acquisition of $3,942 as discontinued operations expense. During the year ended September 30, 2015, the Company determined that this asset had become impaired and took a charge to earnings of $80,000 which is also reflected in discontinued operations.
   

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