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Business Segments
6 Months Ended
Jun. 30, 2021
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 June 30, 2021Six Months Ended June 30, 2021
(in thousands)(in thousands)
LNGPower DeliveryTotalLNGPower DeliveryTotal
Revenues$14,392 $1,660 $16,052 $30,512 $3,204 $33,716 
Depreciation2,181 37 2,218 4,369 74 4,443 
Loss from operations before equity income(1,840)(254)(2,094)(1,572)(521)(2,093)
Net equity income from foreign joint ventures' operations— 475 475 — 829 829 
Income (loss) from operations(1,840)221 (1,619)(1,572)308 (1,264)
Interest expense, net63 14 77 70 24 94 
Interest expense, net - related parties148 — 148 321 — 321 
Income tax expense (benefit)219 (36)183 263 — 263 
Net income (loss)(1,247)243 (1,004)(1,232)403 (829)
June 30, 2021
(in thousands)
LNGPower DeliveryTotal
Total assets$72,413 $15,701 $88,114 

Three Months Ended June 30, 2020Six Months Ended June 30, 2020
(in thousands)(in thousands)
LNGPower DeliveryTotalLNGPower DeliveryTotal
Revenues$4,027 $976 $5,003 $16,555 $2,286 $18,841 
Depreciation2,234 32 2,266 4,469 67 4,536 
Loss from operations before equity income(3,531)(441)(3,972)(3,719)(875)(4,594)
Net equity income from foreign joint ventures' operations— 948 948 — 774 774 
Income (loss) from operations(3,531)507 (3,024)(3,719)(101)(3,820)
Interest expense, net14 15 21 26 
Interest expense, net - related parties242 — 242 482 — 482 
Income tax expense(35)204 169 — 210 210 
Net income (loss)(3,740)277 (3,463)(4,220)(293)(4,513)
December 31, 2020
(in thousands)
LNGPower DeliveryTotal
Total assets$64,757 $15,556 $80,313 
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.