Segment Information

12 Months Ended

Oct. 31, 2021

Segment Information

Segment Information

Note 17. Segment Information

We are engaged in the development, design, production, construction, and servicing of high temperature fuel cells for clean electric power generation. Critical to the success of our business is, among other things, our research and development efforts, both through customer-sponsored projects and Company-sponsored projects. The research and development activities are viewed as another product line that contributes to the development, design, production and sale of fuel cell products, however, it is not considered a separate operating segment. The chief operating decision maker does not review and assess financial information at a discrete enough level to be able to assess performance of research and development activities as if they operated as a standalone business segment, therefore, the Company has identified one business segment: fuel cell power plant production and research.

Revenues, by geographic location (based on the customer’s ordering location) for the years ended October 31, 2021, 2020 and 2019 were as follows (in thousands):

	2021		2020		2019
United States	$	58,393	$	67,750	$	56,211
South Korea		8,161		2,059		2,686
England		143		25		1,496
Germany		2,658		414		359
Switzerland		230		623		—
Total	$	69,585	$	70,871	$	60,752

Service agreement revenue which is included within Service agreements and license revenues on the Consolidated Statement of Operations was $19.8 million, $20.4 million and $15.1 million for the years ended October 31, 2021, 2020 and 2019, respectively.

Long-lived assets located outside of the United States as of October 31, 2021 and 2020 are not significant individually or in the aggregate.