Quarterly report pursuant to Section 13 or 15(d)

Segments

v3.19.1
Segments
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segments
Segments
As of March 31, 2019, the Company was organized into two operating segments through which senior management evaluates the Company’s business. These segments, 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. The following table presents information by reportable segment for the three months ended March 31, 2019 and 2018:
 
 
 Products and Services
 
Energy Production
 
Corporate, other and elimination (1)
 
Total
Three months ended March 31, 2019
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
6,935,822

 
$
1,240,809

 
$

 
$
8,176,631

Intersegment revenue
 
273,512

 

 
(273,512
)
 

   Total revenue
 
$
7,209,334

 
$
1,240,809

 
$
(273,512
)
 
$
8,176,631

Gross profit
 
$
2,517,827

 
$
440,932

 
$

 
$
2,958,759

Identifiable assets
 
$
22,924,848

 
$
4,854,412

 
$
12,625,962

 
$
40,405,222

 
 
 
 
 
 
 
 
 
Three months ended March 31, 2018
 
 
 
 
 
 
 
 
Revenue - external customers
 
$
8,392,892

 
$
1,782,535

 
$

 
$
10,175,427

Intersegment revenue
 
355,169

 

 
(355,169
)
 

   Total revenue
 
$
8,748,061

 
$
1,782,535

 
$
(355,169
)
 
$
10,175,427

Gross profit
 
$
3,200,923

 
$
636,880

 
$

 
$
3,837,803

Identifiable assets
 
$
20,828,118

 
$
13,394,893

 
$
18,307,250

 
$
52,530,261

 
 
 
 
 
 
 
 
 
(1) Corporate, intersegment revenue, other and elimination includes various corporate assets.