Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.21.2
Segments
9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segments Segments     As of September 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 nine months ended September 30, 2021 and 2020:
Products and Services Energy Production Corporate, other and elimination (1) Total
Three Months Ended September 30, 2021
Revenue - external customers $ 4,700,576  $ 315,292  $ —  $ 5,015,868 
Intersegment revenue 48,111  —  (48,111) — 
Total revenue $ 4,748,687  $ 315,292  $ (48,111) $ 5,015,868 
Gross profit $ 2,197,161  $ 144,774  $ —  $ 2,341,935 
Identifiable assets $ 28,079,758  $ 4,400,992  $ —  $ 32,480,750 
Three Months Ended September 30, 2020
Revenue - external customers $ 6,831,012  $ 368,695  $ —  $ 7,199,707 
Intersegment revenue 77,514  —  (77,514) — 
Total revenue $ 6,908,526  $ 368,695  $ (77,514) $ 7,199,707 
Gross profit $ 2,615,657  $ 171,087  $ —  $ 2,786,744 
Identifiable assets $ 21,031,221  $ 2,877,859  $ 11,338,685  $ 35,247,765 
Nine Months Ended September 30, 2021
Revenue - external customers $ 15,878,683  $ 1,339,448  $ —  $ 17,218,131 
Intersegment revenue 236,155  —  (236,155) — 
Total revenue $ 16,114,838  $ 1,339,448  $ (236,155) $ 17,218,131 
Gross profit $ 7,593,267  $ 542,515  $ —  $ 8,135,782 
Identifiable assets $ 28,079,758  $ 4,400,992  $ —  $ 32,480,750 
Nine Months Ended September 30, 2020
Revenue - external customers $ 21,201,579  $ 1,395,886  $ —  $ 22,597,465 
Intersegment revenue 309,224  —  (309,224) — 
Total revenue $ 21,510,803  $ 1,395,886  $ (309,224) $ 22,597,465 
Gross profit $ 7,976,904  $ 507,998  $ —  $ 8,484,902 
Identifiable assets $ 21,031,221  $ 2,877,859  $ 11,338,685  $ 35,247,765 
(1) Corporate, intersegment revenue, other and elimination includes various corporate assets.