Segment information

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Segment information

11. Segment information

In accordance with ASC 280, Segment Reporting (“ASC 280”), we have two reportable geographic segments: Turkey and Bulgaria. Summarized financial information from operations concerning our geographic segments is shown in the following table:

	Corporate			Turkey		Bulgaria			Total
	(in thousands)
For the three months ended September 30, 2019
Total revenues	$	-		$	14,653	$	-		$	14,653
(Loss) income from operations before income taxes		(3,984	)		5,932		(628	)		1,320
Capital expenditures	$	-		$	9,696	$	487		$	10,183
For the three months ended September 30, 2018
Total revenues	$	-		$	20,140	$	-		$	20,140
(Loss) income from operations before income taxes		(2,995	)		7,184		(52	)		4,137
Capital expenditures	$	-		$	6,087	$	-		$	6,087
For the nine months ended September 30, 2019
Total revenues	$	-		$	50,909	$	-		$	50,909
(Loss) income from operations before income taxes		(9,524	)		20,304		(6,582	)		4,198
Capital expenditures	$	-		$	20,424	$	5,537		$	25,961
For the nine months ended September 30, 2018
Total revenues	$	-		$	55,264	$	-		$	55,264
(Loss) income from operations before income taxes		(11,230	)		15,160		(173	)		3,757
Capital expenditures	$	-		$	17,708	$	-		$	17,708
Segment assets
September 30, 2019	$	8,842		$	133,806	$	625		$	143,273
December 31, 2018	$	8,358		$	122,325	$	1,917		$	132,600