Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.21.2
Segments
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segments Segments     As of June 30, 2021, we were organized into two operating segments through which senior management evaluates our business. These segments, as described in more detail in Note 1, are organized around the products and services provided to customers and represent our reportable segments. The following table presents information by reportable segment for the three and six months ended June 30, 2021 and 2020:
Products and Services Energy Production Corporate, other and elimination (1) Total
Three months ended June 30, 2021
Revenue - external customers $ 5,774,241  $ 370,861  $ —  $ 6,145,102 
Intersegment revenue 56,988  —  (56,988) — 
Total revenue $ 5,831,229  $ 370,861  $ (56,988) $ 6,145,102 
Gross profit $ 2,704,130  $ 138,508  $ —  $ 2,842,638 
Identifiable assets $ 26,804,525  $ 4,514,717  $ —  $ 31,319,242 
Three months ended June 30, 2020
Revenue - external customers $ 7,158,717  $ 276,341  $ —  $ 7,435,058 
Intersegment revenue 83,050  —  (83,050) — 
Total revenue $ 7,241,767  $ 276,341  $ (83,050) $ 7,435,058 
Gross profit $ 2,835,526  $ 70,465  $ —  $ 2,905,991 
Identifiable assets $ 20,343,337  $ 2,973,048  $ 12,557,068  $ 35,873,453 
Six months ended June 30, 2021
Revenue - external customers $ 11,178,107  $ 1,024,156  $ —  $ 12,202,263 
Intersegment revenue 188,504  —  (188,504) — 
Total revenue $ 11,366,611  $ 1,024,156  $ (188,504) $ 12,202,263 
Gross profit $ 5,396,105  $ 397,741  $ —  $ 5,793,846 
Identifiable assets $ 26,804,525  $ 4,514,717  $ —  $ 31,319,242 
Six months ended June 30, 2020
Revenue - external customers $ 14,370,567  $ 1,027,191  $ —  $ 15,397,758 
Intersegment revenue 231,710  —  (231,710) — 
Total revenue $ 14,602,277  $ 1,027,191  $ (231,710) $ 15,397,758 
Gross profit $ 5,361,247  $ 336,911  $ —  $ 5,698,158 
Identifiable assets $ 20,343,337  $ 2,973,048  $ 12,557,068  $ 35,873,453 
(1) Corporate, intersegment revenue, other and elimination includes various corporate assets.