Quarterly report [Sections 13 or 15(d)]

Segments

v3.25.3
Segments
 9 Months Ended
Sep. 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 September 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 nine months ended September 30, 2025 and 2024:
Products Services Energy Production Corporate Total
Three Months Ended September 30, 2025
Revenues $ 2,983,795  $ 3,943,510  $ 255,816  $ —  $ 7,183,121 
Cost of sales 1,885,377  2,946,438  167,740  4,999,555 
Gross profit 1,098,418  997,072  88,076  —  2,183,566 
Operating expenses 542,613  2,212,366  14,867  1,514,424  4,284,270 
Profit (loss) from operations $ 555,805  $ (1,215,294) $ 73,209  $ (1,514,424) $ (2,100,704)
Identifiable assets $ 9,610,556  $ 12,841,859  $ 2,611,264  $ 16,400,609  $ 41,464,288 
Nine Months Ended September 30, 2025
Revenues $ 8,672,927  $ 12,153,700  $ 929,085  $ —  $ 21,755,712 
Cost of sales 5,605,282  7,675,073  608,258  13,888,613 
Gross profit 3,067,645  4,478,627  320,827  —  7,867,099 
Operating expenses 1,719,754  5,830,684  30,539  4,392,932  11,973,909 
Profit (loss) from operations $ 1,347,891  $ (1,352,057) $ 290,288  $ (4,392,932) $ (4,106,810)
Identifiable assets $ 9,610,556  $ 12,841,859  $ 2,611,264  $ 16,400,609  $ 41,464,288 
Three Months Ended September 30, 2024
Revenues $ 1,391,016  $ 3,850,551  $ 388,563  $ —  $ 5,630,130 
Cost of sales 797,210  2,139,041  212,965  —  3,149,216 
Gross profit 593,806  1,711,510  175,598  —  2,480,914 
Operating expenses 404,812  1,648,917  20,584  1,279,824  3,354,137 
Profit (loss) from operations $ 188,994  $ 62,593  $ 155,014  $ (1,279,824) $ (873,223)
Identifiable assets $ 9,200,050  $ 12,414,637  $ 3,077,535  $ 2,788,065  $ 27,480,287 
Nine Months Ended September 30, 2024
Revenues $ 3,002,087  $ 11,991,378  $ 1,550,549  $ —  $ 16,544,014 
Cost of sales 2,018,734  6,423,114  966,440  —  9,408,288 
Gross profit 983,353  5,568,264  584,109  —  7,135,726 
Operating expenses 1,493,825  4,768,807  61,834  4,208,335  10,532,801 
Profit (loss) from operations $ (510,472) $ 799,457  $ 522,275  $ (4,208,335) $ (3,397,075)
Identifiable assets $ 9,200,050  $ 12,414,637  $ 3,077,535  $ 2,788,065  $ 27,480,287