Strategic Environmental & Energy Resources, Inc.

What they do

SEER assembles environmental and clean-technology businesses. MV Technologies designs and sells dry scrubber systems under the H2SPlus and OdorFilter names to remove hydrogen sulfide from biogas, landfill gas and petroleum processing operations, and also designs systems to condition biogas into renewable natural gas. Paragon Waste Solutions has developed a patented waste destruction technology called CoronaLux that uses pyrolytic heating plus non-thermal plasma oxidation to destroy hazardous chemical and biological waste. SEER Environmental Materials is arranging biochar kiln manufacturing and a planned northeast Texas biochar facility under a license from Biochar Now, and the newly formed SEER Golf division markets biochar-based turf and water-conservation products.

Revenue drivers

• MV Technologies (H2SPlus / OdorFilter dry scrubbers) — The largest and most established revenue line: patented dry scrubber systems for hydrogen sulfide removal in biogas, landfill gas and petroleum refining, sold to landfill operators, food and agricultural processors, wastewater treatment plants and refiners.
• Renewable natural gas conditioning systems — MV also develops and designs proprietary systems to condition biogas for use as RNG for transportation fuel and pipeline injection, an extension of the same gas-processing customer base.
• Biochar and environmental materials (SEM and SEER Golf) — SEM is arranging biochar kiln manufacturing and a northeast Texas production facility under a Biochar Now license, and the new SEER Golf division sells biochar-based turf products that the company says retain up to 5.6 times their weight in water.
• Paragon Waste Solutions (CoronaLux) — Majority-owned PWS markets the patented CoronaLux pyrolytic/plasma waste destruction technology for medical and hazardous waste; in 2023 SEER sold its North American patent rights in a stock transaction and now holds a minority interest in Amlon Holdings.

Recent performance

Annual revenue was $4.3 million in 2024, up from $2.9 million in 2023 but still below the $4.0 million reported in 2022. The company has not reported an annual profit in the last four years, with net losses of $2.4 million in 2023 and $1.8 million in 2024. Operating cash flow has been negative every year since 2020, though the outflow narrowed to $436,100 in 2024 from $937,500 in 2023. Quarterly revenue was $1.7 million in the 2024 fourth quarter, $1.1 million in the 2025 first quarter, $948,100 in the 2025 second quarter and $1.1 million in the 2025 third quarter. As of September 30, 2025, the balance sheet showed $1.3 million in total assets, $17.5 million in total liabilities, negative shareholder equity of $14.2 million and $183,000 of cash.

Strategy

Management describes a domestic strategy of growing existing subsidiaries with established revenue while forming alliances with or acquiring complementary businesses in renewable energy, waste management and treatment, emissions capture, and soil amendments and fertilizers. The stated internal focus is margin expansion through patented and patent-pending technologies, using what the company describes as more than 25 years of service experience to place those innovations into international markets. Recent emphasis includes decarbonization technologies and monetization and tokenization of fully-insured biochar carbon credits. The company has also stood up a new SEER Golf division to commercialize biochar-based turf management and water conservation products, whose product is registered with the EPA and certified by OMRI for organic applications. SEM's central Texas media operations were discontinued in 2023, and its current objective is biochar kiln manufacturing and a northeast Texas production facility.

Risks

• Going concern — The company's auditors have expressed substantial doubt about its ability to continue as a going concern, and the 10-K discloses an accumulated deficit of approximately $36.2 million as of December 31, 2024 and a need to raise substantial additional funds.
• Severe leverage and negative equity — At September 30, 2025, total liabilities of $17.5 million dwarf total assets of $1.3 million, leaving shareholder equity of negative $14.2 million and cash of only $183,000.
• Cash burn and recurring losses — Revenue fell from $4.0 million in 2022 to $2.9 million in 2023 before recovering to $4.3 million in 2024, while net losses of $2.6 million, $2.4 million and $1.8 million were reported in 2022 through 2024 and operating cash flow has been negative each year since 2020.
• Regulatory and permitting exposure — The 10-K states the business requires numerous approvals, certificates, licenses and permits across every jurisdiction in which it operates, and that changing federal, state and local regulations could require new authorizations or operational changes at significant cost.

Outlook

The publicly available excerpts do not include a quantified forward revenue or earnings guidance. Management's stated direction is to grow existing subsidiaries, pursue alliances or acquisitions in renewable energy and waste treatment, and commercialize newer efforts in biochar and biochar carbon-credit monetization. The filings frame continued losses and the need for substantial additional financing as open questions, and the 10-K explicitly says there is no assurance the company can raise capital, obtain debt financing, or improve operating results enough to continue as a going concern.