| Segments |
Segments
As of March 31, 2018, the Company was organized into two operating segments through which senior management evaluates the Company’s business. These segments, 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 4. “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 months ended March 31, 2018 and 2017:
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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 |
Three months ended March 31, 2018 |
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Revenue - external customers |
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$ |
8,392,892 |
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$ |
1,782,535 |
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$ |
— |
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$ |
10,175,427 |
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Intersegment revenue |
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355,169 |
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— |
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(355,169 |
) |
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— |
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Total revenue |
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$ |
8,748,061 |
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$ |
1,782,535 |
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$ |
(355,169 |
) |
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$ |
10,175,427 |
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Gross profit |
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$ |
3,200,923 |
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$ |
636,880 |
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$ |
— |
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$ |
3,837,803 |
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Identifiable assets |
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$ |
20,828,118 |
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$ |
13,394,893 |
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$ |
18,922,000 |
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$ |
53,145,011 |
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Three months ended March 31, 2017 |
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Revenue - external customers |
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$ |
6,846,767 |
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$ |
— |
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$ |
— |
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$ |
6,846,767 |
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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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$ |
6,846,767 |
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$ |
— |
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$ |
— |
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$ |
6,846,767 |
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Gross profit |
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$ |
2,914,673 |
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$ |
— |
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$ |
— |
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$ |
2,914,673 |
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Identifiable assets |
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$ |
17,524,410 |
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$ |
— |
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$ |
6,898,911 |
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$ |
24,423,321 |
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(1) Corporate, intersegment revenue, other and elimination includes various corporate assets. |
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