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Business Segment Information | 6 Months Ended
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Jun. 30, 2014
Business Segment Information [Abstract] |
Business Segment Information | Note 8—Business Segment Information The Company owns 99.3% of its subsidiary, GEIC, which owns 100% of IDT Energy and 92% of GOGAS. IDT Energy has outstanding deferred stock units granted to directors and employees that represent an interest of 1.4% of the equity of IDT Energy. The Company has two reportable business segments: IDT Energy, a REP supplying electricity and natural gas to residential and small business customers in the Northeastern United States, and Genie Oil and Gas, which is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other fuel resources. The Genie Oil and Gas segment consists of (1) a 44.9% interest in AMSO, LLC, the Company’s oil shale project in Colorado, (2) an 87.9% interest in IEI, the Company’s oil shale project in Israel, (3) an 88.5% interest in Afek, the Company’s conventional oil and gas exploration project in the southern portion of the Golan Heights, and (4) an 89.9% interest in Genie Mongolia, the Company’s oil shale exploration project in Central Mongolia. Corporate costs include unallocated compensation, consulting fees, legal fees, business development expenses and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any direct cost of revenues. The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments. Operating results for the business segments of the Company were as follows:
(in thousands) |  | IDT Energy |  |  | Genie Oil and Gas |  |  | Corporate |  |  | Total |
Three Months Ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 48,810 |  |  | $ | — |  |  | $ | — |  |  | $ | 48,810 |
Income (loss) from operations |  |  | 940 |  |  |  | (2,769 | ) |  |  | (2,515 | ) |  |  | (4,344 | )
Research and development |  |  | — |  |  |  | 2,369 |  |  |  | — |  |  |  | 2,369 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Three Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 55,134 |  |  | $ | — |  |  | $ | — |  |  | $ | 55,134 |
Income (loss) from operations |  |  | 520 |  |  |  | (3,888 | ) |  |  | (2,201 | ) |  |  | (5,569 | )
Research and development |  |  | — |  |  |  | 2,592 |  |  |  | — |  |  |  | 2,592 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  |  | 806 |  |  |  | — |  |  |  | 806 |
Six Months Ended June 30, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 179,158 |  |  | $ | — |  |  | $ | — |  |  | $ | 179,158 |
Income (loss) from operations |  |  | 31 |  |  |  | (5,206 | ) |  |  | (5,662 | ) |  |  | (10,837 | )
Research and development |  |  | — |  |  |  | 4,469 |  |  |  | — |  |  |  | 4,469 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Six Months Ended June 30, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  | $ | 140,465 |  |  | $ | — |  |  | $ | — |  |  | $ | 140,465 |
Income (loss) from operations |  |  | 9,375 |  |  |  | (7,808 | ) |  |  | (4,504 | ) |  |  | (2,937 | )
Research and development |  |  | — |  |  |  | 5,081 |  |  |  | — |  |  |  | 5,081 |
Equity in the net loss of AMSO, LLC |  |  | — |  |  |  | 1,935 |  |  |  | — |  |  |  | 1,935 |
Total assets for the business segments of the Company were as follows:
(in thousands) |  | IDT Energy |  |  | Genie Oil and Gas |  |  | Corporate |  |  | Total |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
June 30, 2014 |  | $ | 67,678 |  |  | $ | 39,752 |  |  | $ | 27,283 |  |  | $ | 134,713 |
December 31, 2013 |  | $ | 76,691 |  |  | $ | 42,193 |  |  | $ | 39,959 |  |  | $ | 158,843 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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