| Segments |
Segments
As of June 30, 2017, the Company was organized into two operating divisions through which senior management evaluates the Company’s business. These divisions, as described in more detail in Note 1, are organized around the products and services provided to customers and represent the Company’s reportable segments. Prior to the acquisition of ADGE (see Note 3. “Acquisition of American DG Energy Inc.”), the Company’s operations were comprised of a single segment.
The following table presents information by reportable segment for the three month periods ended June 30, 2017 and 2016 and the six month periods ended June 30, 2017 and 2016:
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Products and Services |
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Energy Production |
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Corporate, other and elimination (1) |
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Total |
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Three months ended June 30, 2017 |
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Revenue - external customers |
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$ |
6,816,348 |
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$ |
774,192 |
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$ |
— |
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$ |
7,590,540 |
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Intersegment revenue |
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191,818 |
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— |
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(191,818 |
) |
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— |
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Total revenue |
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7,008,166 |
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774,192 |
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(191,818 |
) |
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7,590,540 |
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Gross profit |
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2,542,973 |
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443,649 |
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— |
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2,986,622 |
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Identifiable assets |
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17,687,401 |
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16,288,369 |
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21,610,279 |
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55,586,049 |
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Three months ended June 30, 2016 |
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Revenue - external customers |
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$ |
5,687,308 |
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$ |
— |
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$ |
— |
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$ |
5,687,308 |
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Intersegment revenue |
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— |
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— |
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— |
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— |
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Total revenue |
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5,687,308 |
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— |
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— |
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5,687,308 |
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Gross profit |
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2,102,894 |
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— |
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— |
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2,102,894 |
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Identifiable assets |
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17,524,410 |
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— |
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6,216,951 |
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23,741,361 |
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Six months ended June 30, 2017 |
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Revenue - external customers |
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$ |
13,663,113 |
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$ |
774,192 |
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$ |
— |
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$ |
14,437,305 |
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Intersegment revenue |
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191,818 |
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— |
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(191,818 |
) |
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— |
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Total revenue |
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13,854,931 |
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774,192 |
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(191,818 |
) |
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14,437,305 |
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Gross profit |
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5,457,644 |
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443,649 |
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— |
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5,901,293 |
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Identifiable assets |
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17,687,401 |
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16,288,369 |
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21,610,279 |
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55,586,049 |
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Six months ended June 30, 2016 |
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Revenue - external customers |
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$ |
10,762,823 |
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$ |
— |
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$ |
— |
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$ |
10,762,823 |
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Intersegment revenue |
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— |
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— |
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— |
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— |
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Total revenue |
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10,762,823 |
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— |
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— |
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10,762,823 |
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Gross profit |
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3,822,238 |
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— |
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— |
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3,822,238 |
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Identifiable assets |
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17,524,410 |
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— |
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6,216,951 |
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23,741,361 |
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(1) Corporate, intersegment revenue, other and elimination includes various corporate assets. Excess of cost over fair value of net assets acquired at June 30, 2017 has not as of yet been allocated to the respective segments pending completion of the necessary analysis. |
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