Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of financial information regarding discontinued operations

The following table provides supplemental detail of the Company’s discontinued operations contained within the unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2023 and 2022.

	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands)	2023		2022		2023		2022
Net income (loss) from discontinued operations:
XL Grid	$	—	$	(1,453)	$	—	$	(2,894)
Drivetrain	(183)		$	(3,398)	$	(4,049)	$	(9,294)
Impairment of goodwill	—		—		—		(8,606)
Total	$	(183)	$	(4,851)	$	(4,049)	$	(20,794)

XL Grid

The following table presents financial results of XL Grid operations:

	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands)	2023		2022		2023		2022
Revenues	$	—	$	2,202	$	149	$	6,367
Operating expenses:
Cost of revenues - inventory and other direct costs	—		1,529		148		4,517
Loss on asset disposal	—		—		(742)		—
Selling, general, and administrative expenses	—		2,126		743		4,744
Total operating expenses	—		3,655		149		9,261
Net loss from discontinued operations	$	—	$	(1,453)	$	—	$	(2,894)

Drivetrain

The following table presents financial results of Drivetrain operations:

	Three Months Ended June 30,				Six Months Ended June 30,
(Amounts in thousands)	2023		2022		2023		2022
Revenues	$	12	$	808	$	20	$	1,406
Operating expenses:
Cost of revenues - inventory and other direct costs	168		916		29		3,124
Engineering, research, and development	—		2,404		—		5,393
Selling, general, and administrative expenses	—		902		—		2,199
Other	27		(16)		4,040		(16)
Total operating expenses	195		4,206		4,069		10,700
Net loss from discontinued operations	$	(183)	$	(3,398)	$	(4,049)	$	(9,294)

The following table presents aggregate carrying amounts of assets and liabilities of discontinued operations contained within the unaudited condensed consolidated balance sheets:

	As of
(Amounts in thousands)	June 30, 2023		December 31, 2022
Assets from discontinued operations:
Drivetrain	$	37	$	3,604
XL Grid	—		7,373
Total assets from discontinued operations	$	37	$	10,977
Liabilities from discontinued operations:
Drivetrain	$	191	$	5,743
XL Grid	—		3,648
Total liabilities from discontinued operations	$	191	$	9,391