Quarterly report [Sections 13 or 15(d)]

Segments

v3.25.1
Segments
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segments
Note 13. Segments
    Our Chief Executive Officer, who is our Chief Operating Decision Maker ("CODM") manages our business through three operating segments, wherein our CODM manages our businesses by: (i) assessing operating performance on a periodic basis, (ii) making resource allocation decisions and (iii) designating responsibilities for his direct reports. As of March 31, 2025, we were organized into three operating segments through which senior management evaluates our business. These segments, as described in more detail in Note 1. Description of Business and Basis of Presentation, are organized around the products, services and energy production provided to customers and represent our reportable segments.
Our CODM uses segment profit, based on operating income after the elimination of intercompany transactions and segment identifiable assets to assess segment operating performance and to make resource allocation decisions. Certain costs such as other income (expense) are not included in the measure of segment profit and are excluded from management's assessment of segment financial performance.
Corporate includes finance, treasury, certain research and development costs, tax and legal costs and certain other costs which are not allocated to the reportable segments.
The following table presents information by reportable segment for the three months ended March 31, 2025 and 2024:
Products Services Energy Production Corporate Total
Three Months Ended March 31, 2025
Revenues $ 2,533,809  $ 4,245,022  $ 498,939  $ —  $ 7,277,770 
Cost of sales 1,487,750  2,258,898  310,082  4,056,730 
Gross profit 1,046,059  1,986,124  188,857  —  3,221,040 
Operating expenses 569,829  1,760,446  16,469  1,468,540  3,815,284 
Profit (loss) from operations $ 476,230  $ 225,678  $ 172,388  $ (1,468,540) $ (594,244)
Identifiable assets $ 10,255,443  $ 11,475,395  $ 2,703,490  $ 5,291,500  $ 29,725,828 
Three Months Ended March 31, 2024
Revenues $ 1,491,398  $ 4,014,310  $ 680,389  $ —  $ 6,186,097 
Cost of sales 1,049,543  2,092,257  468,640  —  3,610,440 
Gross profit 441,855  1,922,053  211,749  —  2,575,657 
Operating expenses 629,249  1,487,340  19,102  1,489,851  3,625,542 
Profit (loss) from operations $ (187,394) $ 434,713  $ 192,647  $ (1,489,851) $ (1,049,885)
Identifiable assets $ 9,793,634  $ 12,207,675  $ 3,295,316  $ 3,161,918  $ 28,458,543