Segments and Geographic Areas

9 Months Ended

Sep. 30, 2019

Segments and Geographic Areas

Segments and Geographic Areas

Note 21.    Segments and Geographic Areas

The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company.

We operate our business in two operating segments: Legacy YOD and Mobile Energy Group (formerly Wecast Services). Segment disclosures are on a performance basis consistent with internal management reporting. The Company does not allocate expenses below segment gross profit since these segments share the same executive team, office space, occupancy expenses, information technology infrastructures, human resources and finance department.

Information about segments during the periods presented were as follows:

	Nine Months Ended
	September 30, 2019		September 30, 2018
Revenue
-Legacy YOD	$	—	$	—
- Mobile Energy Group (formerly Wecast Services)		44,503,562		362,628,296
Total revenue		44,503,562		362,628,296
Cost of revenue
-Legacy YOD		—		—
- Mobile Energy Group (formerly Wecast Services)		1,217,184		359,839,565
Gross profit	$	43,286,378	$	2,788,731

	September 30, 2019		December 31, 2018
TOTAL ASSETS
-Legacy YOD	$	635,128	$	26,442,810
-Mobile Energy Group (formerly Wecast Services)		164,128,548		51,592,929
-Unallocated assets		—		16,199,373
Total	$	164,763,676	$	94,235,112