Segments |
As of March 31, 2024, we were organized into three 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 months ended March 31, 2024 and 2023:
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Products |
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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, 2024 |
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Revenue - external customers |
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$ |
1,491,398 |
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$ |
4,014,310 |
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$ |
680,389 |
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$ |
— |
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$ |
6,186,097 |
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Intersegment revenue |
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— |
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117,348 |
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— |
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(117,348) |
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$ |
— |
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Total revenue |
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$ |
1,491,398 |
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$ |
4,131,658 |
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$ |
680,389 |
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$ |
(117,348) |
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$ |
6,186,097 |
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Gross profit |
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$ |
441,855 |
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$ |
1,922,053 |
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$ |
211,749 |
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$ |
— |
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$ |
2,575,657 |
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Identifiable assets |
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$ |
9,793,634 |
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$ |
12,207,675 |
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$ |
3,295,316 |
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$ |
3,161,918 |
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$ |
28,458,543 |
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Three Months Ended March 31, 2023 |
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Revenue - external customers |
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$ |
1,710,136 |
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$ |
3,136,173 |
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$ |
533,509 |
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$ |
— |
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$ |
5,379,818 |
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Intersegment revenue |
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— |
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88,214 |
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— |
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(88,214) |
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— |
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Total revenue |
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$ |
1,710,136 |
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$ |
3,224,387 |
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$ |
533,509 |
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$ |
(88,214) |
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$ |
5,379,818 |
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Gross profit |
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$ |
497,567 |
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$ |
1,398,572 |
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$ |
195,770 |
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$ |
— |
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$ |
2,091,909 |
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Identifiable assets |
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$ |
12,023,164 |
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$ |
9,750,153 |
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$ |
3,433,439 |
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$ |
3,036,675 |
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$ |
28,243,431 |
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(1) Corporate, intersegment revenue, other and elimination includes various corporate assets. |
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