16. Segment Reporting The Company has two operating and reportable segments, Seven Seas Water and Quench. This determination is supported by, among other factors, the existence of individuals responsible for the operations of each segment and who also report directly to the Companys chief operating decision maker (CODM), the nature of the segments operations and information presented to the Companys CODM. Seven Seas Water provides outsourced desalination solutions and wastewater treatment and water reuse solutions for governmental, municipal (including utility districts), industrial, property developers and hospitality customers. Quench rents and sells bottleless filtered water coolers and other products that use filtered water as an input, such as ice machines, sparkling water dispensers and coffee brewers, to customers throughout the United States and Canada. In addition to the Seven Seas Water and Quench segments, the Company records certain general and administrative costs that are not allocated to either of the reportable segments within Corporate and Other for the CODM and for segment reporting purposes. These costs include, but are not limited to, professional service fees and other expenses to support the activities of the registrant holding company. Corporate and Other does not include any labor allocations from the Seven Seas Water and Quench segments. The Company believes this presentation more accurately portrays the results of the core operations of each of the operating and reportable segments to the CODM. The Corporate and Other administration function is not treated as a segment. As part of the segment reconciliation below, intercompany interest expense and the associated intercompany interest income are included but are eliminated in consolidation. The following table provides information by reportable segment and a reconciliation to the consolidated results for the year ended December 31, 2018 (in thousands): Year Ended December 31, 2018 Seven Seas Corporate Water Quench &amp; Other Total Revenues: Bulk water $ 57,262 $  $  $ 57,262 Rental 2,318 61,898  64,216 Product sales 2,817 17,288  20,105 Financing 4,025   4,025 Total revenues 66,422 79,186  145,608 Gross profit: Bulk water 30,746   30,746 Rental 1,731 34,460  36,191 Product sales 493 6,047  6,540 Financing 4,025   4,025 Total gross profit 36,995 40,507  77,502 Selling, general and administrative expenses 30,143 48,670 4,832 83,645 Income (loss) from operations 6,852 (8,163) (4,832) (6,143) Other expense, net (15,896) Loss before income tax expense (22,039) Income tax benefit (1,311) Net loss $ (20,728) Other information: Depreciation and amortization $ 15,469 $ 19,064 $  $ 34,533 Expenditures for long-lived assets $ 3,521 $ 16,105 $  $ 19,626 Amortization of deferred financing fees $ 263 $ 203 $ 497 $ 963 As of December 31, 2018 Total assets $ 385,649 $ 300,195 $ 39,619 $ 725,463 The following table provides information by reportable segment and a reconciliation to the consolidated results for the year ended December 31, 2017 (in thousands): Year Ended December 31, 2017 Seven Seas Corporate Water Quench &amp; Other Total Revenues: Bulk water $ 53,436 $  $  $ 53,436 Rental  52,997  52,997 Product sales  9,796  9,796 Financing 4,534   4,534 Total revenues 57,970 62,793  120,763 Gross profit: Bulk water 26,291   26,291 Rental  29,513  29,513 Product sales  4,017  4,017 Financing 4,534   4,534 Total gross profit 30,825 33,530  64,355 Selling, general and administrative expenses 28,431 39,400 4,590 72,421 Income (loss) from operations 2,394 (5,870) (4,590) (8,066) Other expense, net (13,387) Loss before income tax expense (21,453) Income tax expense 3,441 Net loss $ (24,894) Other information: Depreciation and amortization $ 14,306 $ 15,342 $  $ 29,648 Loss on extinguishment of debt $ 820 $ 569 $  $ 1,389 Expenditures for long-lived assets $ 1,990 $ 12,455 $  $ 14,445 Amortization of deferred financing fees $ 430 $ 250 $ 198 $ 878 As of December 31, 2017 Total assets $ 254,202 $ 202,456 $ 97,287 $ 553,945 The following table provides information by reportable segment and a reconciliation to the consolidated results for the year ended December 31, 2016 (in thousands): Year Ended December 31, 2016 Seven Seas Corporate Water Quench &amp; Other Total Revenues: Bulk water $ 50,893 $  $  $ 50,893 Rental  48,699  48,699 Product sales 727 9,540  10,267 Financing 1,713   1,713 Total revenues 53,333 58,239  111,572 Gross profit: Bulk water 25,368   25,368 Rental  27,262  27,262 Product sales  4,398  4,398 Financing 1,713   1,713 Total gross profit 27,081 31,660  58,741 Selling, general and administrative expenses 24,307 44,092 2,477 70,876 Income (loss) from operations 2,774 (12,432) (2,477) (12,135) Other expense, net (8,419) Loss before income tax (20,554) Income tax expense 365 Net loss $ (20,919) Other information: Depreciation and amortization expense $ 13,975 $ 13,573 $  $ 27,548 Gain on bargain purchase, net of deferred taxes $ 1,429 $  $  1,429 Gain on extinguishment of debt $ 1,610 $  $  $ 1,610 Expenditures for long-lived assets $ 5,962 $ 11,294 $  $ 17,256 Amortization of deferred financing fees $ 599 $ 217 $  $ 816 As of December 31, 2016 Total assets $ 273,263 $ 193,427 $ 69,034 $ 535,724 Revenues earned by major geographical region were (in thousands): Year Ended December 31, 2018 2017 2016 United States $ 81,988 $ 62,552 $ 58,239 Foreign: Trinidad &amp; Tobago 14,294 14,107 12,999 Curacao 7,704 7,517 7,474 British Virgin Islands 9,821 9,069 10,861 Turks and Caicos 2,455 2,069 1,841 St. Maarten 7,698 7,396 8,546 US. Virgin Islands 10,606 9,355 9,241 Peru 7,599 7,529 1,330 Canada 2,359 253  All other countries 1,084 916 1,041 Total foreign 63,620 58,211 53,333 Total revenues $ 145,608 $ 120,763 $ 111,572 Revenues earned from major customers, which are all included within the Seven Seas Water reportable segment, were (in thousands): Year Ended December 31, 2018 2017 2016 Customer in Trinidad &amp; Tobago $ 14,294 $ 14,107 $ 12,999 Percentage of total revenues 10% 12% 12% Customer in British Virgin Islands $ 9,821 $ 9,069 $ 10,861 Percentage of total revenues 7% 8% 10% Please refer to See Note 4Revenue for revenues from external customers for each product and service by segment. Long-lived assets, which include property, plant and equipment, net and construction in process, by major geographic region were (in thousands): December 31, 2018 2017 United States $ 80,386 $ 33,125 Foreign: Trinidad &amp; Tobago 39,030 43,622 Curacao 3,288 5,768 British Virgin Islands 9,038 8,738 Turks and Caicos 2,914 3,012 Anguilla 3,425 US. Virgin Islands 25,314 28,103 All other countries 2,096 840 Total foreign 85,105 90,083 $ 165,491 $ 123,208