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Discontinued Operations
6 Months Ended
Jun. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations Discontinued Operations
In the fourth quarter of 2022, the Company discontinued the operations of its Drivetrain and XL Grid 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, 2024 and 2023:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2024202320242023
Net income (loss) from discontinued operations:
Drivetrain219 (183)218 (4,049)
Total$219 $(183)$218 $(4,049)
XL Grid
The following table presents financial results of XL Grid operations:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2024202320242023
Revenues$— $— $— $149 
Operating expenses:
Cost of revenues - inventory and other direct costs— — — 148 
Selling, general, and administrative expenses— — — 743 
Gain on asset disposal— — — (742)
Total operating expenses— — — 149 
Net loss from discontinued operations$— $— $— $— 
Drivetrain
The following table presents financial results of Drivetrain operations:
Three Months Ended June 30,Six Months Ended June 30,
(Amounts in thousands)2024202320242023
Revenues$16 $12 $37 $20 
Operating expenses:
Cost of revenues - inventory and other direct costs(122)168 (100)29 
Gain on asset disposal(81)— (81)— 
Other— 27 — 4,040 
Total operating expenses(203)195 (181)4,069 
Net income (loss) from discontinued operations$219 $(183)$218 $(4,049)
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, 2024December 31, 2023
Assets from discontinued operations:
Drivetrain$— $32 
Total assets from discontinued operations$— $32 
Liabilities from discontinued operations:
Drivetrain$133 $170 
Total liabilities from discontinued operations$133 $170