Business Segments

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Business Segments

Business Segments

The Company’s revenues are derived from two operating segments: LNG and Power Delivery. The LNG segment supplies LNG to multiple end markets in North America and provides turnkey fuel solutions to help users of propane, diesel and other crude-based fuel products convert to LNG. The Power Delivery segment provides power delivery equipment and services through our subsidiary in Brazil and in China through our 40% interest in BOMAY.

	Three Months Ended September 30, 2020						Nine Months Ended September 30, 2020
	(in thousands)						(in thousands)
	LNG		Power Delivery		Total		LNG		Power Delivery		Total
Revenues	$	7,667	$	1,352	$	9,019	$	24,222	$	3,638	$	27,860
Depreciation	2,237		29		2,266		6,706		96		6,802
Loss from operations before equity income	(2,179)		(254)		(2,433)		(5,909)		(1,129)		(7,038)
Net equity income from foreign joint ventures' operations	—		573		573		—		1,347		1,347
Income (loss) from operations	(2,179)		319		(1,860)		(5,909)		218		(5,691)
Net income (loss)	(2,458)		325		(2,133)		(6,678)		32		(6,646)

	September 30, 2020
			(in thousands)
	LNG		Power Delivery		Total
Total assets	$	65,582	$	13,502	$	79,084

	Three Months Ended September 30, 2019						Nine Months Ended September 30, 2019
	(in thousands)						(in thousands)
	LNG		Power Delivery		Total		LNG		Power Delivery		Total
Revenues	$	9,143	$	1,371	$	10,514	$	33,213	$	1,371	$	34,584
Depreciation	2,277		30		2,307		6,862		30		6,892
Loss from operations before equity income	(2,988)		(266)		(3,254)		(3,914)		(266)		(4,180)
Net equity income from foreign joint ventures' operations	—		135		135		—		135		135
Income (loss) from operations	(2,988)		(131)		(3,119)		(3,914)		(131)		(4,045)
Net loss	(3,209)		(146)		(3,355)		(4,806)		(146)		(4,952)

	December 31, 2019
			(in thousands)
	LNG		Power Delivery		Total
Total assets	$	75,883	$	14,443	$	90,326

Our operating segments offer different products and services and are managed separately as business units. Cash, cash equivalents and investments are not managed centrally, so the gains and losses on foreign currency remeasurement, and interest and dividend income, are included in the segments’ results.