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Business Segment, Geographic and Major Customer Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Business Segment, Geographic and Major Customer Information Business Segment, Geographic and Major Customer Information
Segment Information
Operating segments are defined as components of an enterprise for which separate financial information is available that is regularly evaluated by the chief operating decision-maker in deciding how to allocate resources and assess performance. The operations of the Company are categorized into the following reportable segments: CT and DA.

Chemistry Technologies. The CT segment includes green specialty chemistries, logistics and technology services, which enable its customers to pursue improved efficiencies and performance throughout the life cycle of their wells, helping customers improve their ESG and operational goals. The Company designs, develops, manufactures, packages, distributes, delivers and markets optimized fluid systems, including specialty and conventional chemistries, for use in oil and gas well drilling, cementing, completion, remediation and stimulation activities designed to maximize recovery in both new and mature fields, as well as to reduce health and environmental risk by utilization of greener chemicals. Customers of the CT segment include major integrated oil and gas companies, oilfield services companies, independent oil and gas companies, national and state-owned oil companies, and international supply chain management companies.

In 2020, the Company leveraged historical expertise, existing infrastructure, personnel, supply chain, research and resident consumer market experience to address the emerging demand for disinfectants, surface cleaners, degreasers and solvents for industrial, commercial and consumer use. The Company produces Food and Drug Administration and Environmental Protection Agency compliant products its ISO 9001:2015 certified facility in Marlow, Oklahoma. Today the Company has a portfolio of specialty chemical products to address the long-term challenges in the janitorial and sanitization (JanSan), food service and adjacent markets.

Data Analytics. The DA segment, created in the second quarter of 2020 in conjunction with the acquisition of JP3 on May 18, 2020, includes the design, development, production, sale and support of equipment and services that create and provide valuable information on the composition and properties of energy customers’ hydrocarbon fluids. The real-time information on hydrocarbon composition and properties helps customers generate additional profits by enhancing their operations including crude/condensates stabilization, blending, optimization of transmix, increasing efficiencies of gas processing plants, ensuring product quality while enabling automation of fluid handling and reducing losses through giveaways (i.e., that portion of a product of higher value than what is specified). The customers of the DA segment span across the entire oil and gas market, from upstream production to midstream facilities to refineries and distribution networks.
The Company evaluates performance based upon a variety of criteria. The primary financial measure is segment operating income. Various functions, including certain sales and marketing activities and general and administrative activities, are provided centrally by the corporate office. Costs associated with corporate office functions, other corporate income and expense items, and income taxes are not allocated to the reportable segment.
Summarized financial information of the reportable segments is as follows (in thousands):
For the three months ended September 30,Chemistry Technologies
Data Analytics (1)
Corporate and OtherTotal
2021
Revenue from external customers$8,044 $803 $— $8,847 
Revenue from related party1,332 — — 1,332 
Income (loss) from operations, including impairment4,399 (1,071)(2,696)632 
Depreciation and amortization215 17 1 233 
Additions to long-lived assets— — — — 
2020
Revenue from external customers$12,083 $656 $— $12,739 
Revenue from related party— — — — 
Loss from operations, including impairment(8,880)(34,035)(2,679)(45,594)
Depreciation and amortization244 274 — 518 
Additions to long-lived assets906 — — 906 
(1) The Company formed the Data Analytics segment in the second quarter of 2020 upon acquiring JP3.
For the nine months ended September 30,Chemistry Technologies
Data Analytics (1)
Corporate and OtherTotal
2021
Revenue from external customers$26,033 $3,749 $— $29,782 
Revenue from related party1,332 — — 1,332 
Loss from operations, including impairment(3,009)(2,138)(9,926)$(15,073)
Depreciation and amortization739 52 2 793 
Additions to long-lived assets31 — — 31 
2020
Revenue from external customers$39,462 $1,573 $— $41,035 
Revenue from related party— — — — 
Loss from operations, including impairment(75,137)(35,185)(15,589)(125,911)
Depreciation and amortization2,300 405 472 3,177 
Additions to long-lived assets906 — — 906 
(1) The Company formed the DA segment in the second quarter of 2020 upon acquiring JP3.

Assets of the Company by reportable segments are as follows (in thousands):
September 30, 2021December 31, 2020
Chemistry Technologies$47,625 $43,346 
Data Analytics15,960 13,201 
Corporate and Other969 29,663 
Total assets$64,554 $86,210 
Geographic Information
Revenue by country is based on the location where services are provided and products are used. No individual countries other than the U.S. and the United Arab Emirates (“UAE”) accounted for more than 10% of revenue. Revenue by geographic location is as follows (in thousands):
 Three months ended September 30,Nine months ended September 30,
 2021202020212020
U.S.$8,094 $9,928 $24,624 $32,639 
UAE1,319 1,473 3,741 3,781 
Other countries766 1,338 2,749 4,615 
Total revenue$10,179 $12,739 $31,114 $41,035 
Long-lived assets held in countries other than the U.S. are not considered material to the consolidated financial statements.
Major Customers*
Revenue from major customers, as a percentage of consolidated revenue, is as follows (in thousands):
For the three months ended September 30,Chemistry Technologies% of Total Revenue
2021
Customer D$3,041 29.9 %
Customer E - Related party1,332 13.1 %
2020  
Customer D$4,632 36.2 %
Customer C2,088 16.4 %
For the nine months ended September 30,Chemistry Technologies% of Total Revenue
2021
Customer D$7,701 24.8 %
Customer C4,067 13.1 %
 2020  
Customer C$10,412 25.4 %
Customer D8,117 19.8 %
Customer A 3,631 8.9 %
* DA customer did not account for more than 10% of revenue during this period.
The majority of the Company’s revenue is derived from its CT segment, which consists predominantly of customers within the oil and gas industry and the surface cleaner and disinfectant industry. Customers within the oil and gas industry include oilfield services companies, integrated oil and natural gas companies, independent oil and natural gas companies, and state-owned national oil companies. Customers within the surface cleaner and disinfectant industry typically include industrial and consumer markets, including hospitals, travel and hospitality, food services, e-commerce and retail, sports and entertainment. The concentration in the oil and gas industry increases credit and business risk. See Note 16, “Business Segment, Geographic and Major Customer Information,” for concentration of segment revenue from major customers.