Business Segments

12 Months Ended

Dec. 31, 2019

The Company’s revenues are derived from two operating segments: LNG and Power Delivery. The LNG segment supplies LNG to the industrial, midstream, and oilfield sectors 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 solutions through our subsidiary in Brazil and in China through our 40% interest in BOMAY.



	Year Ended December 31, 2019
				(in thousands)
	LNG			Power Delivery			Total
Revenues	$	43,650		$	3,421		$	47,071
Depreciation	9,127			144			9,271
Operating loss	(5,016		)	(414		)	(5,430		)
Net equity income from foreign joint ventures' operations	—			1,133			1,133
Net income (loss)	(6,194		)	686			(5,508		)
Total Assets	$	75,883		$	14,443		$	90,326



	Year Ended December 31, 2018
				(in thousands)
	LNG			Power Delivery		Total
Revenues	$	37,342		$	—	$	37,342
Depreciation	8,822			—		8,822
Operating loss	(7,282		)	—		(7,282		)
Net equity income from foreign joint ventures' operations	—			—		—
Net loss	(11,086		)	—		(11,086		)
Total Assets	$	74,705		$	—	$	74,705

For the purposes of the operating segment disclosure, the Company presents operating income (loss) as it is the most comparable measure to the amounts presented on the consolidated statement of operations.

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.

Geographic Information



	Years Ended December 31,
	(in thousands)
	2019		2018
Revenues
Brazil	$	3,421	$	—
Mexico	131		—
United States	43,519		37,342
	$	47,071	$	37,342

	Years Ended December 31,
	(in thousands)
	2019		2018
Assets
Brazil	$	3,276	$	—
China	11,167		—
Mexico	4,916		—
United States	70,967		74,705
	$	90,326	$	74,705