Quarterly report pursuant to Section 13 or 15(d)

Segments (Notes)

v3.7.0.1
Segments (Notes)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Segments
Segments
As of June 30, 2017, the Company was organized into two operating divisions through which senior management evaluates the Company’s business. These divisions, as described in more detail in Note 1, are organized around the products and services provided to customers and represent the Company’s reportable segments. Prior to the acquisition of ADGE (see Note 3. “Acquisition of American DG Energy Inc.”), the Company’s operations were comprised of a single segment.
The following table presents information by reportable segment for the three month periods ended June 30, 2017 and 2016 and the six month periods ended June 30, 2017 and 2016:
 
 
 
 Products and Services
 
Energy Production
 
Corporate, other and elimination (1)
 
Total
 
Three months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
6,816,348

 
$
774,192

 
$

 
$
7,590,540

 
Intersegment revenue
 
191,818

 

 
(191,818
)
 

 
   Total revenue
 
7,008,166

 
774,192

 
(191,818
)
 
7,590,540

 
Gross profit
 
2,542,973

 
443,649

 

 
2,986,622

 
Identifiable assets
 
17,687,401

 
16,288,369

 
21,610,279

 
55,586,049

 
 
 
 
 
 
 
 
 
 
 
Three months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
5,687,308

 
$

 
$

 
$
5,687,308

 
Intersegment revenue
 

 

 

 

 
   Total revenue
 
5,687,308

 

 

 
5,687,308

 
Gross profit
 
2,102,894

 

 

 
2,102,894

 
Identifiable assets
 
17,524,410

 

 
6,216,951

 
23,741,361

 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
13,663,113

 
$
774,192

 
$

 
$
14,437,305

 
Intersegment revenue
 
191,818

 

 
(191,818
)
 

 
   Total revenue
 
13,854,931

 
774,192

 
(191,818
)
 
14,437,305

 
Gross profit
 
5,457,644

 
443,649

 

 
5,901,293

 
Identifiable assets
 
17,687,401

 
16,288,369

 
21,610,279

 
55,586,049

 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
10,762,823

 
$

 
$

 
$
10,762,823

 
Intersegment revenue
 

 

 

 

 
   Total revenue
 
10,762,823

 

 

 
10,762,823

 
Gross profit
 
3,822,238

 

 

 
3,822,238

 
Identifiable assets
 
17,524,410

 

 
6,216,951

 
23,741,361

 
 
 
 
 
 
 
 
 
 
 
(1) Corporate, intersegment revenue, other and elimination includes various corporate assets. Excess of cost over fair value of net assets acquired at June 30, 2017 has not as of yet been allocated to the respective segments pending completion of the necessary analysis.