Quarterly report pursuant to Section 13 or 15(d)

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v3.19.2
Segments
6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Segments
Segments
As of June 30, 2019, 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. The following table presents information by reportable segment for the three and six months ended June 30, 2019 and 2018:
 
 
 Products and Services
 
Energy Production
 
Corporate, other and elimination (1)
 
Total
Six months ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
14,224,919

 
$
1,819,108

 
$

 
$
16,044,027

Intersegment revenue
 
357,161

 

 
(357,161
)
 

   Total revenue
 
$
14,582,080

 
$
1,819,108

 
$
(357,161
)
 
$
16,044,027

Gross profit
 
$
5,729,997

 
$
654,677

 
$

 
$
6,384,674

Identifiable assets
 
$
24,448,764

 
$
3,551,619

 
$
11,755,993

 
$
39,756,376

 
 
 
 
 
 
 
 
 
Six months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
15,337,832

 
$
3,290,760

 
$

 
$
18,628,592

Intersegment revenue
 
646,084

 

 
(646,084
)
 

   Total revenue
 
$
15,983,916

 
$
3,290,760

 
$
(646,084
)
 
$
18,628,592

Gross profit
 
$
5,692,013

 
$
1,305,384

 
$

 
$
6,997,397

Identifiable assets
 
$
20,619,262

 
$
12,853,001

 
$
17,999,924

 
$
51,472,187

 
 
 
 
 
 
 
 
 
Three months ended June 30, 2019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
7,289,097

 
$
578,299

 
$

 
$
7,867,396

Intersegment revenue
 
83,649

 

 
(83,649
)
 

   Total revenue
 
$
7,372,746

 
$
578,299

 
$
(83,649
)
 
$
7,867,396

Gross profit
 
$
3,212,170

 
$
213,745

 
$

 
$
3,425,915

Identifiable assets
 
$
24,448,764

 
$
3,551,619

 
$
11,755,993

 
$
39,756,376

 
 
 
 
 
 
 
 
 
Three months ended June 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
6,944,940

 
$
1,508,225

 
$

 
$
8,453,165

Intersegment revenue
 
290,915

 

 
(290,915
)
 

   Total revenue
 
$
7,235,855

 
$
1,508,225

 
$
(290,915
)
 
$
8,453,165

Gross profit
 
$
2,491,090

 
$
668,504

 
$

 
$
3,159,594

Identifiable assets
 
$
20,619,262

 
$
12,853,001

 
$
17,999,924

 
$
51,472,187

 
 
 
 
 
 
 
 
 
(1) Corporate, intersegment revenue, other and elimination includes various corporate assets.