| Segments |
Segments
As of September 30, 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 and nine months ended September 30, 2019 and 2018:
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Products and Services |
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Energy Production |
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Corporate, other and elimination (1) |
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Total |
Nine months ended September 30, 2019 |
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Revenue - external customers |
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$ |
22,263,794 |
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$ |
2,450,710 |
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|
$ |
— |
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$ |
24,714,504 |
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Intersegment revenue |
|
470,169 |
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|
— |
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(470,169 |
) |
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— |
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Total revenue |
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$ |
22,733,963 |
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$ |
2,450,710 |
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$ |
(470,169 |
) |
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$ |
24,714,504 |
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Gross profit |
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$ |
8,223,565 |
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$ |
992,350 |
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$ |
— |
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$ |
9,215,915 |
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Identifiable assets |
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$ |
25,166,483 |
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$ |
3,375,306 |
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$ |
11,412,533 |
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$ |
39,954,322 |
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Nine months ended September 30, 2018 |
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Revenue - external customers |
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$ |
21,816,696 |
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$ |
4,750,580 |
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$ |
— |
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$ |
26,567,276 |
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Intersegment revenue |
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863,077 |
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— |
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(863,077 |
) |
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— |
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Total revenue |
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$ |
22,679,773 |
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$ |
4,750,580 |
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$ |
(863,077 |
) |
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$ |
26,567,276 |
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Gross profit |
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$ |
7,958,320 |
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$ |
1,922,175 |
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$ |
— |
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$ |
9,880,495 |
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Identifiable assets |
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$ |
21,311,668 |
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$ |
12,870,771 |
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$ |
16,579,095 |
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$ |
50,761,534 |
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Three months ended September 30, 2019 |
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Revenue - external customers |
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$ |
8,038,875 |
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$ |
631,602 |
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$ |
— |
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$ |
8,670,477 |
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Intersegment revenue |
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113,008 |
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— |
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(113,008 |
) |
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— |
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Total revenue |
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$ |
8,151,883 |
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$ |
631,602 |
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$ |
(113,008 |
) |
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$ |
8,670,477 |
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Gross profit |
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$ |
2,493,568 |
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$ |
337,673 |
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$ |
— |
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$ |
2,831,241 |
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Identifiable assets |
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$ |
25,166,483 |
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$ |
3,375,306 |
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$ |
11,412,533 |
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$ |
39,954,322 |
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Three months ended September 30, 2018 |
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Revenue - external customers |
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$ |
6,478,864 |
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$ |
1,459,820 |
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$ |
— |
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$ |
7,938,684 |
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Intersegment revenue |
|
216,993 |
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— |
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(216,993 |
) |
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— |
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Total revenue |
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$ |
6,695,857 |
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$ |
1,459,820 |
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$ |
(216,993 |
) |
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$ |
7,938,684 |
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Gross profit |
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$ |
2,266,307 |
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$ |
616,791 |
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$ |
— |
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$ |
2,883,098 |
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Identifiable assets |
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$ |
21,311,668 |
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$ |
12,870,771 |
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$ |
16,579,095 |
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$ |
50,761,534 |
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(1) Corporate, intersegment revenue, other and elimination includes various corporate assets. |
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