Quarterly report pursuant to Section 13 or 15(d)

Revenue (Tables)

v3.23.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2023
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table provides information about disaggregated revenue:
Three Months Ended
March 31,
$ in thousands 2023 2022
Project revenue $ 816  $ 1,991 
Engineering services revenue 50  53 
Total services revenue 866  2,044 
Grant revenue 1,071  1,495 
Total revenue $ 1,937  $ 3,539 
Schedule of Accounts, Notes, Loans and Financing Receivable
Receivables consisted of the following:
$ in thousands March 31, 2023 December 31, 2022
Trade receivables $ 1,593  $ 1,119 
Grant receivables:
Unbilled 6,681  5,610 
Other grant receivables 1,578  1,578 
Total grant receivables 8,259  7,188 
Contract assets 529  560 
Other receivables 265  328 
Total receivables $ 10,646  $ 9,195 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The following table outlines the activity related to contract assets, which is included in total receivables on our consolidated balance sheets:
$ in thousands
Balance as of December 31, 2022
 $ 560 
Foreign currency translation adjustments 12 
Other (43)
Balance as of March 31, 2023
 $ 529 
The following table outlines the activity related to contract liabilities:
$ in thousands
Balance as of December 31, 2022
 $ 10,348 
Payments received in advance of performance 1,464 
Revenue recognized (774)
Recognition of consideration payable associated with Project Warrants (76)
Other 4 
Balance as of March 31, 2023
 $ 10,966