Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of financial information regarding discontinued operations

The following table presents financial results from discontinued operations in the Unaudited Condensed Consolidated Statements of Operations:

	Three Months Ended March 31,
(Amounts in thousands)	2023		2022
Net income (loss) from discontinued operations:
Drivetrain	$	109	$	(5,896)
XL Grid	(3,975)		(1,441)
Impairment of goodwill	—		(8,606)
Total	$	(3,866)	$	(15,943)

XL Grid

The following table presents financial results of XL Grid operations:

	Three Months Ended March 31,
(Amounts in thousands)	2023		2022
Revenues	$	149	$	4,165
Operating expenses:
Cost of revenues - inventory and other direct costs	148		2,988
Loss on asset disposal	3,233		—
Selling, general, and administrative expenses	743		2,618
Total operating expenses	4,124		5,606
Net loss from discontinued operations	$	(3,975)	$	(1,441)

Drivetrain

The following table presents financial results of Drivetrain operations:

	Three Months Ended March 31,
(Amounts in thousands)	2023		2022
Revenues	$	9	$	598
Operating expenses:
Cost of revenues - inventory and other direct costs	(138)		2,208
Engineering, research, and development	—		2,989
Selling, general, and administrative expenses	—		1,297
Other	38		—
Total operating expenses	(100)		6,494
Net income (loss) from discontinued operations	$	109	$	(5,896)

The following table presents aggregate carrying amounts of assets and liabilities of discontinued operations in the Unaudited Condensed Consolidated Balance Sheets:

	As of
(Amounts in thousands)	March 31, 2023		December 31, 2022
Assets from discontinued operations:
Drivetrain	$	71	$	3,604
XL Grid	—		7,373
Goodwill	—		—
Total assets from discontinued operations	$	71	$	10,977
Liabilities from discontinued operations:
Drivetrain	$	802	$	5,743
XL Grid	—		3,648
Total liabilities from discontinued operations	$	802	$	9,391