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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of financial information regarding discontinued operations | The following table provides supplemental details of the Company’s discontinued operations contained within the consolidated statements of operations for the years ended December 31, 2023 and 2022:
| Years Ended December 31,
(Amounts in thousands) | 2023 |  | 2022
Net loss from discontinued operations: |  |  |
XL Grid | $ | — |  |  | $ | (1,092) |
Drivetrain | (4,123) |  |  | (30,414) |
Impairment of goodwill | — |  |  | (8,606) |
Total | $ | (4,123) |  |  | $ | (40,112) |
XL Grid The following table presents financial results of XL Grid operations:
| Years Ended December 31,
(Amounts in thousands) | 2023 |  | 2022
Revenues | $ | 149 |  |  | $ | 12,279 |
Operating expenses: |  |  |
Cost of revenues - inventory and other direct costs | 148 |  |  | 8,577 |
Selling, general, and administrative expenses | 743 |  |  | 4,794 |
Gain on asset disposal | (742) |  |  | — |
Total operating expenses | 149 |  |  | 13,371 |
Net loss from discontinued operations | $ | — |  |  | $ | (1,092) |
Drivetrain The following table presents financial results of Drivetrain operations:
| Years Ended December 31,
(Amounts in thousands) | 2023 |  | 2022
Revenues | $ | 42 |  |  | $ | 2,419 |
Operating expenses: |  |  |
Cost of revenues - inventory and other direct costs | 106 |  |  | 14,038 |
Engineering, research, and development | — |  |  | 9,819 |
Selling, general, and administrative expenses | — |  |  | 8,041 |
Loss on asset disposal | 4,071 |  |  | 935 |
Other (income) | (12) |  |  | — |
Total operating expenses | 4,165 |  |  | 32,833 |
Net loss from discontinued operations | $ | (4,123) |  |  | $ | (30,414) |
The following table presents aggregate carrying amounts of assets and liabilities of discontinued operations contained within the consolidated balance sheets:
|  | As of December 31,
(Amounts in thousands) |  | 2023 |  | 2022
Assets from discontinued operations: |  |  |  |
Drivetrain |  | $ | 32 |  |  | $ | 3,604 |
XL Grid |  | — |  |  | 7,373 |
Total assets from discontinued operations |  | $ | 32 |  |  | $ | 10,977 |
Liabilities from discontinued operations: |  |  |  |
Drivetrain |  | $ | 170 |  |  | $ | 5,743 |
XL Grid |  | — |  |  | 3,648 |
Total liabilities from discontinued operations |  | $ | 170 |  |  | $ | 9,391 |

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