Quarterly report [Sections 13 or 15(d)]

Segments

v3.26.3
Segments
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segments SegmentsSegmentsOur 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, 2026, 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, 2026 and 2025:
Products Services Energy Production Corporate Total
Three Months Ended September 30, 2026
Revenues $ 3,047,954  $ 4,462,607  $ 363,259  $ —  $ 7,873,820 
Cost of sales 2,221,685  2,561,731  144,459  4,927,875 
Gross profit 826,269  1,900,876  218,800  —  2,945,945 
Operating expenses 726,511  2,101,621  (32,375) 1,716,586  4,512,343 
Profit (loss) from operations $ 99,758  $ (200,745) $ 251,175  $ (1,716,586) $ (1,566,398)
Identifiable assets $ 9,758,472  $ 12,598,792  $ 1,527,079  $ 6,481,949  $ 30,366,292 
Nine Months Ended September 30, 2026
Revenues $ 5,358,026  $ 13,474,254  $ 1,123,445  $ —  $ 19,955,725 
Cost of sales 3,453,788  8,034,469  757,959  12,246,216 
Gross profit 1,904,238  5,439,785  365,486  —  7,709,509 
Operating expenses 2,213,806  6,269,070  24,004  5,055,100  13,561,980 
Profit (loss) from operations $ (309,568) $ (829,285) $ 341,482  $ (5,055,100) $ (5,852,471)
Identifiable assets $ 9,758,472  $ 12,598,792  $ 1,527,079  $ 6,481,949  $ 30,366,292 
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