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Business Segments
12 Months Ended
Dec. 31, 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.
Year Ended December 31, 2020
(in thousands)
LNGPower DeliveryTotal
Revenues$36,290 $5,260 $41,550 
Depreciation8,911 130 9,041 
Loss from operations before equity income(6,815)(1,451)(8,266)
Net equity income from foreign joint ventures’ operations— 2,456 2,456 
Income (loss) from operations(6,815)1,005 (5,810)
Interest expense, net26 19 45 
Interest expense, net - related parties871 — 871 
Income tax expense46 210 256 
Net income (loss)(7,567)811 (6,756)
Total Assets$64,757 $15,556 $80,313 
Year Ended December 31, 2019
(in thousands)
LNGPower DeliveryTotal
Revenues$43,650 $3,421 $47,071 
Depreciation9,127 144 9,271 
Operating loss(5,016)(414)(5,430)
Net equity income from foreign joint ventures' operations— 1,133 1,133 
Income (loss) from operations(5,016)719 (4,297)
Interest expense, net19 14 33 
Interest expense, net - related parties1,175 — 1,175 
Income tax expense38 78 116 
Net loss(6,194)686 (5,508)
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.
Geographic Information
Years Ended December 31,
(in thousands)
20202019
Revenues
Brazil$5,260 $3,421 
Mexico4,085 131 
United States32,205 43,519 
$41,550 $47,071 
Years Ended December 31,
(in thousands)
20202019
Assets
Brazil$3,659 $3,276 
China11,897 11,167 
Mexico5,307 4,916 
United States59,450 70,967 
$80,313 $90,326