During the three and six months ended June 30, 2019 and 2018 we operated our business through our two segments: Asset Management, and Real Estate Services.

In our Asset Management segment, we focus on providing management services to a wide range of real estate assets and businesses that include a variety of commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented developments. We have significant experience with construction, development, property and asset management services. The properties and businesses we currently manage are located primarily along the Washington, D.C. Metro Silver Line in Fairfax and Loudoun Counties, but we also manage projects in other jurisdictions within the states of Maryland and Virginia.

In our Real Estate Services segment, our experienced real estate services-based management team provides a wide range of real estate services in the areas of strategic corporate planning, capital markets, brokerage services, and environmental and design based services. Our environmental services group provides consulting, environmental studies, remediation services and provide site specific solutions for any project that may have an environmental impact, from environmental due diligence to site-specific assessments and remediation. This business line not only allows us to generate positive fee income from our highly qualified personnel but also serves as a potential catalyst for joint venture and acquisition opportunities. The Real Estate Services segment operates in the Mid-Atlantic Region.

The following table includes the Company’s two reportable segments of Asset Management and Real Estate Services for the three and six months ended June 30, 2019 and 2018. Certain revenues and expenses, reported within the homebuilding segment historically were reclassified to reflect the two operating segments as of June 30, 2019.

	Asset		Real Estate
	Management		Services			Total
Three Months Ended June 30, 2019
Gross revenue	$	4,024	$	898		$	4,922
Gross profit (loss)		510		(11	)		499
Net income (loss)		259		(353	)		(94	)
Total assets		3,923		3,396			7,319
Three Months Ended June 30, 2018
Gross revenue	$	2,960	$	494		$	3,454
Gross profit (loss)		354		(182	)		172
Net income (loss)		782		(466	)		316
Total assets		3,730		3,645			7,375
Six Months Ended June 30, 2019
Gross revenue	$	7,885	$	1,626		$	9,511
Gross profit		1,054		223			1,277
Net income (loss)		685		(339	)		346
Total assets		3,923		3,396			7,319
Six Months Ended June 30, 2018
Gross revenue	$	5,751	$	941		$	6,692
Gross profit		604		88			692
Net income (loss)		813		(326	)		487
Total assets		3,730		3,645			7,375

The Company allocates sales, marketing and general and administrative expenses to the individual segments based upon specifically allocable costs. Gross profit is defined as revenue less cost of sales.