| Segments |
Segments
As of December 31, 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. 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 years ended December 31, 2019 and 2018:
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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 |
Year ended December 31, 2019 |
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Revenue - external customers |
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$ |
30,285,614 |
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$ |
3,140,834 |
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|
$ |
— |
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$ |
33,426,448 |
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Intersegment revenue |
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609,530 |
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— |
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(609,530 |
) |
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— |
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Total revenue |
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$ |
30,895,144 |
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$ |
3,140,834 |
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$ |
(609,530 |
) |
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$ |
33,426,448 |
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Gross profit |
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$ |
11,091,898 |
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$ |
1,386,854 |
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$ |
— |
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$ |
12,478,752 |
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Identifiable assets |
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$ |
32,508,704 |
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$ |
8,607,931 |
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$ |
— |
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$ |
41,116,635 |
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Year ended December 31, 2018 |
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Revenue - external customers |
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$ |
29,484,158 |
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$ |
6,399,526 |
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$ |
— |
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$ |
35,883,684 |
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Intersegment revenue |
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1,211,148 |
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— |
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(1,211,148 |
) |
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— |
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Total revenue |
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30,695,306 |
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6,399,526 |
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(1,211,148 |
) |
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35,883,684 |
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Gross profit |
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10,993,490 |
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|
2,598,372 |
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— |
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13,591,862 |
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Identifiable assets |
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27,566,921 |
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22,337,472 |
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— |
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49,904,393 |
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