Quarterly report [Sections 13 or 15(d)]

Segments

v3.25.2
Segments
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segments SegmentsOur 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 June 30, 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 and six months ended June 30, 2025 and 2024:
Products Services Energy Production Corporate Total
Three Months Ended June 30, 2025
Revenues $ 3,155,323  $ 3,965,168  $ 174,329  $ —  $ 7,294,820 
Cost of sales 2,232,154  2,469,737  130,437  4,832,328 
Gross profit 923,169  1,495,431  43,892  —  2,462,492 
Operating expenses 607,312  1,857,872  (797) 1,409,967  3,874,354 
Profit (loss) from operations $ 315,857  $ (362,441) $ 44,689  $ (1,409,967) $ (1,411,862)
Identifiable assets $ 11,211,540  $ 11,676,917  $ 2,602,821  $ 2,860,559  $ 28,351,837 
Six Months Ended June 30, 2025
Revenues $ 5,689,132  $ 8,210,190  $ 673,268  $ —  $ 14,572,590 
Cost of sales 3,719,905  4,728,635  440,518  8,889,058 
Gross profit 1,969,227  3,481,555  232,750  —  5,683,532 
Operating expenses 1,177,141  3,618,318  15,672  2,878,507  7,689,638 
Profit (loss) from operations $ 792,086  $ (136,763) $ 217,078  $ (2,878,507) $ (2,006,106)
Identifiable assets $ 11,211,540  $ 11,676,917  $ 2,602,821  $ 2,860,559  $ 28,351,837 
Three Months Ended June 30, 2024
Revenues $ 119,673  $ 4,126,517  $ 481,597  $ —  $ 4,727,787 
Cost of sales 171,982  2,191,815  284,835  —  2,648,632 
Gross profit (52,309) 1,934,702  196,762  —  2,079,155 
Operating expenses 459,764  1,632,550  22,148  1,438,660  3,553,122 
Profit (loss) from operations $ (512,073) $ 302,152  $ 174,614  $ (1,438,660) $ (1,473,967)
Identifiable assets $ 8,801,555  $ 12,798,442  $ 3,150,322  $ 2,404,641  $ 27,154,960 
Six Months Ended June 30, 2024
Revenues $ 1,611,071  $ 8,140,827  $ 1,161,985  $ —  $ 10,913,883 
Cost of sales 1,221,525  4,284,072  753,475  —  6,259,072 
Gross profit 389,546  3,856,755  408,510  —  4,654,811 
Operating expenses 1,089,013  3,119,890  41,250  2,928,509  7,178,662 
Profit (loss) from operations $ (699,467) $ 736,865  $ 367,260  $ (2,928,509) $ (2,523,851)
Identifiable assets $ 8,801,555  $ 12,798,442  $ 3,150,322  $ 2,404,641  $ 27,154,960