Stabilis Solutions (SLNG) 10-Q 5 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 05, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-24575
Entity Registrant Name	STABILIS SOLUTIONS, INC.
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	59-3410234
Entity Address, Address Line One	11750 Katy Freeway
Entity Address, Address Line Two	Suite 900
Entity Address, City or Town	Houston
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77079
City Area Code	832
Local Phone Number	456-6500
Title of 12(b) Security	Common Stock, $.001 par value
Trading Symbol	SLNG
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,497,910
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001043186
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 3,313	$ 1,814
Accounts receivable	7,048	5,620
Inventories, net	159	226
Prepaid expenses and other current assets	3,564	3,111
Due from related parties	0	42
Total current assets	14,084	10,813
Property, plant and equipment, net	57,039	52,038
Right-of-use assets	602	786
Goodwill	4,453	4,453
Investments in foreign joint ventures	11,608	11,897
Other noncurrent assets	328	326
Total assets	88,114	80,313
Current liabilities:
Current portion of long-term notes payable	127	680
Current portion of long-term notes payable - related parties	3,496	3,351
Current portion of finance lease obligation	17	0
Current portion of finance lease obligation - related parties	0	648
Current portion of operating lease obligations	271	362
Short-term notes payable	0	432
Accrued liabilities	5,930	4,361
Accounts payable	3,969	4,395
Total current liabilities	13,810	14,229
Long-term notes payable, net of current portion	6,797	682
Long-term notes payable, net of current portion - related parties	1,441	2,726
Long-term portion of finance lease obligations	71	0
Long-term portion of operating lease obligations	393	490
Deferred compensation	31	59
Deferred income taxes	91	97
Total liabilities	22,634	18,283
Commitments and contingencies (Note 12)
Stockholders’ Equity:
Common stock; $0.001 par value, 37,500,000 shares authorized, 17,497,910 and 16,896,626 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	18	17
Additional paid-in capital	95,356	91,278
Accumulated other comprehensive income	322	122
Accumulated deficit	(30,216)	(29,387)
Total stockholders’ equity	65,480	62,030
Total liabilities and stockholders’ equity	$ 88,114	$ 80,313

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common stock, par value (in usd per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	37,500,000	37,500,000
Common stock, shares issued (in shares)	17,497,910	16,896,626
Common stock, shares, outstanding (in shares)	17,497,910	16,896,626

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue
Total revenues	$ 16,052	$ 5,003	$ 33,716	$ 18,841
Operating expenses:
Selling, general and administrative expenses	3,815	2,368	7,040	5,554
Gain from disposal of fixed assets	(24)	0	(24)	(11)
Depreciation expense	2,218	2,266	4,443	4,536
Total operating expenses	18,146	8,975	35,809	23,435
Loss from operations before equity income	(2,094)	(3,972)	(2,093)	(4,594)
Net equity income from foreign joint ventures' operations:
Income from equity investments in foreign joint ventures	538	1,001	959	887
Foreign joint ventures' operations related expenses	(63)	(53)	(130)	(113)
Net equity income from foreign joint ventures' operations	475	948	829	774
Loss from operations	(1,619)	(3,024)	(1,264)	(3,820)
Other income (expense):
Interest expense, net	(77)	(15)	(94)	(26)
Interest expense, net - related parties	(148)	(242)	(321)	(482)
Other income (loss)	1,023	(13)	1,113	25
Total other income (expense)	798	(270)	698	(483)
Loss before income tax expense	(821)	(3,294)	(566)	(4,303)
Income tax expense	183	169	263	210
Net loss	$ (1,004)	$ (3,463)	$ (829)	$ (4,513)
Net income (loss) per common share:
Net income (loss) per common share, basic (in usd per share)	$ (0.06)	$ (0.21)	$ (0.05)	$ (0.27)
Net income (loss) per common share, diluted (in usd per share)	$ (0.06)	$ (0.21)	$ (0.05)	$ (0.27)
Weighted average number of common shares outstanding:
Weighted average number of shares outstanding, basic (in shares)	17,129,253	16,887,194	17,013,582	16,853,438
Weighted average number of shares outstanding, diluted (in shares)	17,129,253	16,887,194	17,013,582	16,853,438
LNG Product
Revenue
Total revenues	$ 11,812	$ 2,884	$ 23,507	$ 12,015
Operating expenses:
Cost of revenue	9,354	2,551	18,166	8,648
Rental, service and other
Revenue
Total revenues	2,580	1,143	7,005	4,540
Operating expenses:
Cost of revenue	1,491	902	3,732	2,573
Power delivery
Revenue
Total revenues	1,660	976	3,204	2,286
Operating expenses:
Cost of revenue	$ 1,292	$ 888	$ 2,452	$ 2,135

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,004)	$ (3,463)	$ (829)	$ (4,513)
Foreign currency translation adjustment	402	84	200	(535)
Total comprehensive loss	$ (602)	$ (3,379)	$ (629)	$ (5,048)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Balance, beginning at Dec. 31, 2019	$ 67,843	$ 17	$ 90,748	$ (291)	$ (22,631)
Balance, beginning (in shares) at Dec. 31, 2019		16,800,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	19		19
Common stock issued (in shares)		34,706
Net loss	(1,050)				(1,050)
Other comprehensive income (loss)	(619)			(619)
Balance, ending at Mar. 31, 2020	66,193	$ 17	90,767	(910)	(23,681)
Balance, ending (in shares) at Mar. 31, 2020		16,835,318
Balance, beginning at Dec. 31, 2019	67,843	$ 17	90,748	(291)	(22,631)
Balance, beginning (in shares) at Dec. 31, 2019		16,800,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(4,513)
Other comprehensive income (loss)	(535)
Balance, ending at Jun. 30, 2020	62,953	$ 17	90,906	(826)	(27,144)
Balance, ending (in shares) at Jun. 30, 2020		16,896,626
Balance, beginning at Mar. 31, 2020	66,193	$ 17	90,767	(910)	(23,681)
Balance, beginning (in shares) at Mar. 31, 2020		16,835,318
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	139		139
Common stock issued (in shares)		61,308
Net loss	(3,463)				(3,463)
Other comprehensive income (loss)	84			84
Balance, ending at Jun. 30, 2020	62,953	$ 17	90,906	(826)	(27,144)
Balance, ending (in shares) at Jun. 30, 2020		16,896,626
Balance, beginning at Dec. 31, 2020	62,030	$ 17	91,278	122	(29,387)
Balance, beginning (in shares) at Dec. 31, 2020		16,896,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	162		162
Net loss	175				175
Other comprehensive income (loss)	(202)			(202)
Balance, ending at Mar. 31, 2021	62,165	$ 17	91,440	(80)	(29,212)
Balance, ending (in shares) at Mar. 31, 2021		16,896,626
Balance, beginning at Dec. 31, 2020	$ 62,030	$ 17	91,278	122	(29,387)
Balance, beginning (in shares) at Dec. 31, 2020		16,896,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in acquisition of new assets (in shares)	500,000	500,000
Shares issued in asset acquisition	$ 3,800
Net loss	(829)
Other comprehensive income (loss)	200
Balance, ending at Jun. 30, 2021	65,480	$ 18	95,356	322	(30,216)
Balance, ending (in shares) at Jun. 30, 2021		17,497,910
Balance, beginning at Mar. 31, 2021	62,165	$ 17	91,440	(80)	(29,212)
Balance, beginning (in shares) at Mar. 31, 2021		16,896,626
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	122		122
Common stock issued (in shares)		101,284
Shares issued in asset acquisition	3,795	$ 1	3,794
Net loss	(1,004)				(1,004)
Other comprehensive income (loss)	402			402
Balance, ending at Jun. 30, 2021	$ 65,480	$ 18	$ 95,356	$ 322	$ (30,216)
Balance, ending (in shares) at Jun. 30, 2021		17,497,910

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	1 Months Ended	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net loss		$ (1,004)	$ 175	$ (3,463)	$ (1,050)	$ (829)	$ (4,513)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense		2,218		2,266		4,443	4,536
Deferred income tax expense (benefit)						(6)	28
Stock-based compensation expense						284	158
Bad debt expense						0	144
Gain on disposal of fixed assets						(24)	(11)
Gain on extinguishment of debt	$ (1,100)					(1,086)	0
Income from equity investment in joint venture		(538)		(1,001)		(959)	(887)
Distributions from equity investment in joint venture						1,387	2,054
Deferred compensation costs						(28)	87
Amortization of debt issuance costs						10	0
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable						(1,428)	4,316
Due to (from) related parties						42	0
Inventories						92	28
Prepaid expenses and other current assets						(453)	920
Accounts payable and accrued liabilities						1,150	(2,537)
Other						16	0
Net cash provided by operating activities						2,611	4,323
Cash flows from investing activities:
Acquisition of fixed assets						(5,917)	(281)
Proceeds on sales of fixed assets						258	12
Net cash used in investing activities						(5,659)	(269)
Cash flows from financing activities:
Proceeds on long-term borrowings						7,087	1,080
Payments on long-term borrowings and financed leases from related parties						(1,701)	(1,694)
Payments on short-term notes payable						(448)	(201)
Payment of debt issuance costs						(420)	0
Net cash provided by (used in) financing activities						4,518	(815)
Effect of exchange rate changes on cash						29	(162)
Net increase in cash and cash equivalents						1,499	3,077
Cash and cash equivalents, beginning of period			$ 1,814		$ 3,979	1,814	3,979	$ 3,979
Cash and cash equivalents, end of period	$ 3,313	$ 3,313		$ 7,056		3,313	7,056	$ 1,814
Supplemental disclosure of cash flow information:
Interest paid						380	474
Income taxes paid						169	210
Non-cash investing and financing activities:
Common stock issued to acquire fixed assets						3,795	0
Equipment acquired under capital leases						$ 104	$ 0

Overview and Basis of Presentat

Overview and Basis of Presentation	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Overview and Basis of Presentation	Overview and Basis of Presentation Overview Stabilis Solutions, Inc. and its subsidiaries (the “Company”, “Stabilis”, “our”, “us” or “we”) produce, provide turnkey clean energy production, storage, transportation and fueling solutions using liquefied natural gas (“LNG”) and hydrogen to multiple end markets across North America. The Company also distributes LNG and hydrogen from third parties and provides services, transportation, and equipment to customers. The Company is a supplier of LNG and hydrogen solutions to customers in diverse end markets, including aerospace, agriculture, industrial, utility, pipeline, mining, energy, remote clean power, and high horsepower transportation markets in North America and provides turnkey fuel solutions to help industrial users of propane, diesel and other crude-based fuel products convert to LNG, which may result in reduced fuel costs and improved environmental footprint. Stabilis is vertically integrated from LNG production through distribution including cryogenic equipment rental and field services. Stabilis opened its 100,000 gallons per day (“gpd”) LNG production facility in George West, Texas in January 2015 to service industrial and oilfield customers in Texas and the greater Gulf Coast region. The Company owns a second liquefaction plant capable of producing 25,000 gpd that is currently not in operation. On June 1, 2021 the Company closed on the purchase of a third LNG production facility in Port Allen, Louisiana. The plant is capable of producing 30,000 gpd. The Company also provides power delivery equipment and services through its subsidiary in Brazil, M&I Electric Brazil Sistemas e Servicios em Energia LTDA (“M&I Brazil”) and its 40% interest in a joint venture in China, BOMAY Electric Industries Co., Ltd. (“BOMAY”). Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements include our accounts and those of our subsidiaries and, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and disclosures normally included in the notes to condensed consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted. We believe that the presentation and disclosures herein are adequate to make the information not misleading. The unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) for a fair presentation of the interim periods. The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2020 included in the Company's Annual Report on Form 10-K, as filed on March 16, 2021. All intercompany accounts and transactions have been eliminated in consolidation. In the Notes to Condensed Consolidated Financial Statements (Unaudited), all dollar amounts in tabulations are in thousands, unless otherwise indicated. The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is required to make certain disclosures if it concludes that there is substantial doubt about the entity’s ability to continue as a going concern within one year from the date of the issuance of these financial statements. The Company has incurred recurring operating losses. The Company is subject to business risks and uncertainties inherent in the current LNG industry. There is no assurance that the Company will be able to generate sufficient revenues in the future to sustain itself or to support future growth. These factors were reviewed by management to determine if there was substantial doubt as to the Company’s ability to continue as a going concern. Management concluded that its plan to address the Company’s liquidity issues would allow it to continue as a going concern. The Company has recently experienced its highest ever revenue year to date, including a resumption of activity with existing customers as well as new revenue opportunities, particularly in Mexico and with power generation customers. On April 8, 2021, the Company obtained a new advancing loan facility, pursuant to the United States Department of Agriculture, Business & Industry Loan Program, in the aggregate principal amount of up to $10.0 million, of which $7.0 million was drawn and outstanding as of June 30, 2021. Accordingly, management believes the business will generate sufficient cash flows from its operations to fund the business for the next 12 months. Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates include the carrying amount of contingencies, valuation allowances for receivables, inventories, and deferred income tax assets, valuations assigned to assets and liabilities in business combinations, and impairments of long-lived assets. Actual results could differ from those estimates, and these differences could be material to the condensed consolidated financial statements.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2019-12, “Simplifying the Accounting for Income Taxes” (“ASU No. 2019-12”), which simplifies the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improves consistent application by clarifying and amending existing guidance. ASU No. 2019-12 was adopted by the Company effective January 1, 2021. The adoption of this standard had no impact on our unaudited condensed consolidated financial position or results of operations. Recently Issued Accounting Standards In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU No. 2020-04”), which provides guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contract modifications, hedging relationships, and other transactions impacted by reference rate reform. The provisions of ASU No. 2020-04 apply only to those transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions of ASU No. 2020-04 are optional and are effective from March 12, 2020 through December 31, 2022. We are currently evaluating the impact of ASU No. 2020-04 on our unaudited condensed consolidated financial statements.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregated Revenues The table below presents revenue disaggregated by source, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 LNG Product $ 11,812 $ 2,884 $ 23,507 $ 12,015 Rental 1,940 385 5,327 3,275 Service 381 313 623 406 Power Delivery 1,660 976 3,204 2,286 Other 259 445 1,055 859 $ 16,052 $ 5,003 $ 33,716 $ 18,841 The table below presents revenue disaggregated by geographic location, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenues Brazil $ 1,660 $ 976 $ 3,204 $ 2,286 Mexico 2,081 16 3,697 49 United States 12,311 4,011 26,815 16,506 $ 16,052 $ 5,003 $ 33,716 $ 18,841 See Note 4—Business Segments, below, for additional disaggregation of revenue. Contract Liabilities The Company recognizes contract liabilities upon receipt of payments for which the performance obligations have not been fulfilled at the reporting date, resulting in deferred revenue. Contract liabilities are included in accrued liabilities in the accompanying unaudited condensed consolidated balance sheets. The following table presents the changes in the Company’s contract liabilities for the periods ended June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, Balance at beginning of period $ 357 $ 185 Cash received, excluding amounts recognized as revenue 228 777 Amounts recognized as revenue (347) (605) Balance at end of period $ 238 $ 357 The Company has no other material contract assets or liabilities and contract costs.

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Business Segments	Business Segments The Company’s revenues are derived from two operating segments: LNG and Power Delivery. The LNG segment supplies LNG to multiple end markets in North America and provides turnkey fuel solutions to help users of propane, diesel and other crude-based fuel products convert to LNG. The Power Delivery segment provides power delivery equipment and services through our subsidiary in Brazil and in China through our 40% interest in BOMAY. Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (in thousands) (in thousands) LNG Power Delivery Total LNG Power Delivery Total Revenues $ 14,392 $ 1,660 $ 16,052 $ 30,512 $ 3,204 $ 33,716 Depreciation 2,181 37 2,218 4,369 74 4,443 Loss from operations before equity income (1,840) (254) (2,094) (1,572) (521) (2,093) Net equity income from foreign joint ventures' operations — 475 475 — 829 829 Income (loss) from operations (1,840) 221 (1,619) (1,572) 308 (1,264) Interest expense, net 63 14 77 70 24 94 Interest expense, net - related parties 148 — 148 321 — 321 Income tax expense (benefit) 219 (36) 183 263 — 263 Net income (loss) (1,247) 243 (1,004) (1,232) 403 (829) June 30, 2021 (in thousands) LNG Power Delivery Total Total assets $ 72,413 $ 15,701 $ 88,114 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 (in thousands) (in thousands) LNG Power Delivery Total LNG Power Delivery Total Revenues $ 4,027 $ 976 $ 5,003 $ 16,555 $ 2,286 $ 18,841 Depreciation 2,234 32 2,266 4,469 67 4,536 Loss from operations before equity income (3,531) (441) (3,972) (3,719) (875) (4,594) Net equity income from foreign joint ventures' operations — 948 948 — 774 774 Income (loss) from operations (3,531) 507 (3,024) (3,719) (101) (3,820) Interest expense, net 1 14 15 5 21 26 Interest expense, net - related parties 242 — 242 482 — 482 Income tax expense (35) 204 169 — 210 210 Net income (loss) (3,740) 277 (3,463) (4,220) (293) (4,513) December 31, 2020 (in thousands) LNG Power Delivery Total Total assets $ 64,757 $ 15,556 $ 80,313

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	6 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets The Company’s prepaid expenses and other current assets consisted of the following (in thousands): June 30, December 31, Prepaid LNG $ 86 $ 90 Prepaid insurance 403 734 Prepaid supplier expenses 276 299 Other receivables 2,242 1,521 Deposits 335 285 Other 222 182 Total prepaid expenses and other current assets $ 3,564 $ 3,111

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The Company’s property, plant and equipment consisted of the following (in thousands): June 30, December 31, Liquefaction plants and systems $ 47,118 $ 40,841 Real property and buildings 2,392 1,649 Vehicles and tanker trailers and equipment 49,358 47,179 Computer and office equipment 577 532 Construction in progress 191 191 Leasehold improvements 31 30 99,667 90,422 Less: accumulated depreciation (42,628) (38,384) $ 57,039 $ 52,038 Depreciation expense for the six months ended June 30, 2021 and 2020 totaled $4.4 million and $4.5 million, respectively, of which all is included in the unaudited condensed consolidated statements of operations as its own and separate line item. On June 1, 2021 the Company closed on the purchase of an LNG production facility in Port Allen, Louisiana. The acquisition included the LNG liquefaction facility, the related assets and real property. The Company paid consideration of $5.0 million in cash and 500,000 shares of Company common stock, subject to a registration rights agreement and valued at $3.8 million.

Investments in Foreign Joint Ve

Investments in Foreign Joint Ventures	6 Months Ended
	Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments in Foreign Joint Ventures	Investments in Foreign Joint Ventures BOMAY. The Company holds a 40% interest in BOMAY Electric Industries Company, Ltd. (“BOMAY”), which builds electrical systems for sale in China. The majority partner in this foreign joint venture is Baoji Oilfield Machinery Co., Ltd. (a subsidiary of China National Petroleum Corporation), which owns 51%. The remaining 9% is owned by AA Energies, Inc. The Company made no sales to its joint venture in the three and six months ended June 30, 2021 and 2020. Below is summary financial information for BOMAY at June 30, 2021 and December 31, 2020, and operational results for the three and six months ended June 30, 2021 and 2020 in U.S. dollars (in thousands, unaudited): June 30, December 31, 2020 Assets: Total current assets $ 52,416 $ 51,811 Total non-current assets 6,740 7,136 Total assets $ 59,156 $ 58,947 Liabilities and equity: Total liabilities $ 27,291 $ 26,355 Total joint ventures’ equity 31,865 32,592 Total liabilities and equity $ 59,156 $ 58,947 Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue $ 19,005 $ 18,647 $ 33,221 $ 27,203 Gross Profit 2,458 3,336 4,691 4,232 Earnings 1,265 2,283 2,235 1,999 The following is a summary of activity in our investment in BOMAY for the periods ended June 30, 2021 and December 31, 2020 in U.S. dollars (in thousands, unaudited): June 30, December 31, 2020 Investments in BOMAY (1)(2) Initial investment $ 9,333 $ 9,333 Undistributed earnings: Balance at the beginning of the period 1,908 1,257 Equity in earnings 959 2,705 Dividend distributions (1,387) (2,054) Balance at end of period 1,480 1,908 Foreign currency translation: Balance at the beginning of the period 656 (69) Change during the period 139 725 Balance at end of period 795 656 Total investment in BOMAY at end of period $ 11,608 $ 11,897 (1) Accumulated statutory reserves in equity method investments of $2.66 million at June 30, 2021 and December 31, 2020 is included in our investment in BOMAY. In accordance with the People’s Republic of China, (“PRC”) regulations on enterprises with foreign ownership, an enterprise established in the PRC with foreign ownership is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. (2) The Company’s initial investment in BOMAY differed from the Company’s 40% share of BOMAY’s equity as a result of applying fair value accounting pursuant to ASC 805. The basis difference of approximately $1.2 million will be accreted over the remaining seven year life of the joint venture. The Company accreted $65 thousand and $86 thousand during the six months ended June 30, 2021 and 2020, respectively, which is included in income from equity investments in foreign joint ventures in the accompanying condensed consolidated statement of operations. As of June 30, 2021 and December 31, 2020, accumulated accretion totaled $248 thousand and $183 thousand, respectively. The Company accounts for its investment in BOMAY using the equity method of accounting. Under the equity method, the Company’s share of the joint venture operations earnings or losses is recognized in the condensed consolidated statements of operations as equity income (loss) from foreign joint venture operations. Joint venture income increases the carrying value of the joint venture and joint venture losses reduce the carrying value. Dividends received from the joint venture reduce the carrying value. The Company considers dividend distributions received from its equity method investments which do not exceed cumulative equity in earnings subsequent to the date of investment to be a return on investment and classifies these distributions as operating activities in the accompanying condensed consolidated statements of cash flows. In accordance with our long-lived asset policy, when events or circumstances indicate the carrying amount of an asset may not be recoverable, management tests long-lived assets for impairment. If the estimated future cash flows are projected to be less than the carrying amount, an impairment write-down (representing the carrying amount of the long-lived asset which exceeds the present value of estimated expected future cash flows) would be recorded as a period expense. In making this evaluation, a variety of quantitative and qualitative factors are considered including national and local economic, political and market conditions, industry trends and prospects, liquidity and capital resources and other pertinent factors. Based on this evaluation for this reporting period, the Company does not believe an impairment adjustment is necessary at June 30, 2021.

Accrued Liabilities

Accrued Liabilities	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The Company’s accrued liabilities consisted of the following (in thousands): June 30, December 31, Compensation and benefits $ 2,547 $ 1,745 Professional fees 360 408 LNG fuel and transportation 1,922 1,151 Accrued interest 35 21 Contract liabilities 238 357 Other taxes payable 435 328 Other accrued liabilities 393 351 Total accrued liabilities $ 5,930 $ 4,361

Debt

Debt	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The Company’s carrying value of debt consisted of the following (in thousands): June 30, December 31, Unsecured promissory note $ — $ 1,080 Secured term note 6,590 — Secured term note payable - related party 1,077 1,077 Secured promissory note - related party 3,859 5,000 Insurance and other notes payable 335 714 Less: amounts due within one year (3,623) (4,463) Total long-term debt $ 8,238 $ 3,408 Unsecured Promissory Note During 2020, the Company received loan proceeds of $1.1 million (the “PPP Loan”) pursuant to the Paycheck Protection Program (the “PPP”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Under the terms of the PPP, all or a portion of the principal may be forgiven if the PPP Loan proceeds are used for qualifying expenses as described in the CARES Act, such as payroll costs, benefits, rent, and utilities. In June 2021, the forgiveness of the PPP Loan was approved by the Small Business Administration in full and the PPP Loan has been settled. The Company recognized a gain on forgiveness of debt in the amount of $1.1 million which is included in other income (expense) in the accompanying condensed consolidated statements of operations. Secured Term Note On April 8, 2021, the Company entered into a Loan Agreement (the “Loan Agreement”) with AmeriState Bank (“Lender”), as lender, pursuant to the United States Department of Agriculture, Business & Industry Loan Program, to provide for an advancing loan facility in the aggregate principal amount of up to $10.0 million (the “USDA Loan”), of which $7.0 million was drawn and outstanding as of June 30, 2021. The USDA Loan, which is in the form of a term loan facility, matures on April 8, 2031 and bears interest at 5.75% per annum through April 8, 2026, and the U.S. prime lending rate plus 2.5% per annum thereafter. The USDA Loan provides that proceeds from borrowings may be used for working capital purposes at the Company’s liquefaction plant in George West, Texas and related fees and costs associated with the USDA Loan. Upon an Event of Default (as defined in the Loan Agreement), the Lender may (i) terminate its commitment, (ii) declare the outstanding principal amount of the Advancing Notes (as defined in the Loan Agreement) due and payable, or (iii) exercise all rights and remedies available to Lender under the Loan Agreement. On April 8, 2021, Mile High LNG LLC, Stabilis GDS, Inc., Stabilis LNG Eagle Ford LLC and Stabilis Energy Services, LLC, each a wholly owned subsidiary of the Company (collectively, “Debtor”), entered into a Security Agreement and Assignment (the “Security Agreement”) in favor of the Lender. The Security Agreement grants to Lender a first priority security interest in the collateral identified therein, which includes specific equipment collateral owned by the Company. During the six months ended June 30, 2021 and 2020, the Company recorded interest expense on debt as follows (in thousands): June 30, June 30, Unsecured promissory note $ — $ — Secured term note 59 0 Secured term note payable - related party 20 42 Secured promissory note - related party 291 435 Insurance and other notes payable 30 27 Total interest expense on debt $ 400 $ 504 Certain of the agreements governing our outstanding debt have certain covenants with which we must comply. As of June 30, 2021, we were in compliance with all of these covenants.

Leases

Leases	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Leases	Leases The following table summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of June 30, 2021 and December 31, 2020 (in thousands): Classification June 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 602 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 95 6,781 Total lease assets $ 697 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 271 $ 362 Finance Current portion of finance lease obligation 17 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 393 490 Finance Long-term portion of finance lease obligations 71 — Total lease liabilities $ 752 $ 1,500 The following table summarizes the components of lease expense for the three and six months ended June 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended June 30, Six Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 34 $ 41 $ 77 $ 80 Operating lease cost Selling, general and administrative expenses 46 90 123 181 Finance lease cost Amortization of leased assets Depreciation 6 292 9 585 Interest on lease liabilities Interest expense 3 135 15 296 Net lease cost $ 89 $ 558 $ 224 $ 1,142 On January 25, 2021, the Company entered into three finance lease agreements for vehicles. Under the terms of the lease agreements, the Company has total monthly principal and interest payments of $2 thousand for a 36-month period at an annual rate of 10.7%. The leases include purchase options, which are reasonably certain to occur. In December 2019, the Company refinanced its lease agreement with a subsidiary of The Modern Group, Ltd. (“The Modern Group”) for equipment purchases totaling approximately $3.2 million. Under the terms of the lease agreement, the Company exercised its purchase option and the remaining outstanding lease obligation of approximately $648 thousand became due on January 25, 2021. The assets are now owned outright. These assets are included in the Company's property, plant and equipment, net on the consolidated balance sheets and the purchase had no effect on the net book value of these assets. The following schedule presents the future minimum lease payments for our operating and finance obligations at June 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 204 $ 13 $ 217 2022 212 25 237 2023 145 25 170 2024 149 42 191 2025 25 — 25 Thereafter — — — Total lease payments 735 105 840 Less: Interest (71) (17) (88) Present value of lease liabilities $ 664 $ 88 $ 752 Lease term and discount rates for our operating and finance lease obligations are as follows: Lease Term and Discount Rate June 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.6 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7% The following table summarizes the supplemental cash flow information related to leases for the six months ended June 30, 2021 and 2020: Other information June 30, June 30, (In thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 187 $ 237 Financing cash flows from finance leases 668 1,694 Interest paid 30 235 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 73
Leases	Leases The following table summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of June 30, 2021 and December 31, 2020 (in thousands): Classification June 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 602 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 95 6,781 Total lease assets $ 697 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 271 $ 362 Finance Current portion of finance lease obligation 17 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 393 490 Finance Long-term portion of finance lease obligations 71 — Total lease liabilities $ 752 $ 1,500 The following table summarizes the components of lease expense for the three and six months ended June 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended June 30, Six Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 34 $ 41 $ 77 $ 80 Operating lease cost Selling, general and administrative expenses 46 90 123 181 Finance lease cost Amortization of leased assets Depreciation 6 292 9 585 Interest on lease liabilities Interest expense 3 135 15 296 Net lease cost $ 89 $ 558 $ 224 $ 1,142 On January 25, 2021, the Company entered into three finance lease agreements for vehicles. Under the terms of the lease agreements, the Company has total monthly principal and interest payments of $2 thousand for a 36-month period at an annual rate of 10.7%. The leases include purchase options, which are reasonably certain to occur. In December 2019, the Company refinanced its lease agreement with a subsidiary of The Modern Group, Ltd. (“The Modern Group”) for equipment purchases totaling approximately $3.2 million. Under the terms of the lease agreement, the Company exercised its purchase option and the remaining outstanding lease obligation of approximately $648 thousand became due on January 25, 2021. The assets are now owned outright. These assets are included in the Company's property, plant and equipment, net on the consolidated balance sheets and the purchase had no effect on the net book value of these assets. The following schedule presents the future minimum lease payments for our operating and finance obligations at June 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 204 $ 13 $ 217 2022 212 25 237 2023 145 25 170 2024 149 42 191 2025 25 — 25 Thereafter — — — Total lease payments 735 105 840 Less: Interest (71) (17) (88) Present value of lease liabilities $ 664 $ 88 $ 752 Lease term and discount rates for our operating and finance lease obligations are as follows: Lease Term and Discount Rate June 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.6 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7% The following table summarizes the supplemental cash flow information related to leases for the six months ended June 30, 2021 and 2020: Other information June 30, June 30, (In thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 187 $ 237 Financing cash flows from finance leases 668 1,694 Interest paid 30 235 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 73

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Other Purchases and Sales During the six months ended June 30, 2021 and 2020, the Company paid Applied Cryo Technologies, Inc. (“ACT”), a company owned 51% by Crenshaw Family Holdings, LP (“Crenshaw Family Holdings”), $498 thousand and $73 thousand, respectively, for equipment, repairs and services. Casey Crenshaw, the Company's controlling shareholder, is the beneficial owner of 25% of Crenshaw Family Holdings and is deemed to jointly control Crenshaw Family Holdings with family members. During the three months ended June 30, 2021 and 2020, the Company paid ACT $132 thousand and $40 thousand, respectively, for equipment repairs and services. The Company had no sales to ACT during the three and six months ended June 30, 2021 and 2020. The Company had $0 and $2 thousand due from ACT included in accounts receivable on the unaudited condensed consolidated balance sheets at June 30, 2021 and December 31, 2020, respectively. As of June 30, 2021 and December 31, 2020, the Company had $72 thousand and $121 thousand, respectively, due to ACT included in accounts payable on the unaudited condensed consolidated balance sheets. The Company purchases supplies and services from a subsidiary of The Modern Group. Casey Crenshaw is the beneficial owner of 25% of the Modern Group and is deemed to jointly control The Modern Group with family members. During the six months ended June 30, 2021 and 2020, the Company made purchases of supplies and services from a subsidiary of The Modern Group totaling $721 thousand and $195 thousand, respectively. During the three months ended June 30, 2021 and 2020, the Company made purchases of supplies and services totaling $191 thousand and $162 thousand, respectively. There was no receivable due from a subsidiary of The Modern Group as of June 30, 2021 and December 31, 2020. As of June 30, 2021 and December 31, 2020, the Company had $760 thousand and $582 thousand, respectively, due to a subsidiary of The Modern Group included in accounts payable on the unaudited condensed consolidated balance sheets. Chart Energy & Chemicals, Inc. (“Chart E&C”) beneficially owns 8.4% of our outstanding common stock and is party to a Secured Term Note Payable with the Company. The Company purchases services from Chart E&C. During the six months ended June 30, 2021 and 2020, purchases from Chart E&C totaled $78 thousand and $20 thousand, respectively. During the three months ended June 30, 2021 and 2020, purchases from Chart E&C totaled $35 thousand and $10 thousand. As of June 30, 2021 and December 31, 2020, the Company had $32 thousand and $14 thousand, respectively, due to Chart E&C included in accounts payable on the unaudited condensed consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Environmental Matters The Company is subject to federal, state and local environmental laws and regulations. The Company does not anticipate any expenditures to comply with such laws and regulations that would have a material impact on the Company’s condensed consolidated financial position, results of operations or liquidity. The Company believes that its operations comply, in all material respects, with applicable federal, state and local environmental laws and regulations. Litigation, Claims and Contingencies The Company may become party to various legal actions that arise in the ordinary course of its business. The Company is also subject to audit by tax and other authorities for varying periods in various federal, state and local jurisdictions, and disputes may arise during the course of these audits. It is impossible to determine the ultimate liabilities that the Company may incur

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Issuances of Common Stock The Company is authorized to issue up to 37,500,000 shares of common stock, $0.001 par value per share. During the six months ended June 30, 2021, the Company issued 500,000 shares of common stock, valued at $3.8 million, as partial consideration for the purchase of an LNG production facility in Port Allen, Louisiana. See Note 6—Property, Plant and Equipment, above, for additional information. In addition, during the six months ended June 30, 2021, the Company issued 101,284 shares of common stock as vesting of the Restricted Stock Units under its 2019 Long Term Incentive Plan. See Note 14—Stock-Based Compensation, below, for additional information. Issuances of Warrants As of June 30, 2021, the Company had outstanding Warrants to purchase 62,500 shares of our common stock as follows: Date of Issuance No. of Warrants Exercise Price Expiration Date Nov. 13, 2017 62,500 $18.08 Nov. 13, 2022

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Restricted Stock Awards In February 2020, independent directors received 50% of their retainer fee as Restricted Stock Awards (“RSAs”). The 34,706 RSAs were issued immediately upon grant and were subject to a one year vesting period and other restrictions under the Company's 2019 Long Term Incentive Plan (the “2019 Plan”). During the six months ended June 30, 2021, the 34,706 RSAs vested. The Company granted 61,308 RSAs under the 2019 Plan to independent directors in April 2020. The Company recognized $17 thousand and $57 thousand in stock-based compensation costs related to RSAs for the six months ended June 30, 2021 and 2020, respectively, which is included in general and administrative expenses in the unaudited condensed consolidated statements of operations. The Company recognized $38 thousand in stock-based compensation costs related to RSAs during the three months ended June 30, 2020. The Company did not recognize stock-based compensation costs during the three months ended June 30, 2021 As of June 30, 2021, the Company had no unrecognized compensation costs related to grants of RSAs. Restricted Stock Units The Company did not grant Restricted Stock Units (“RSUs”) to employees under the 2019 Plan during the six months ended June 30, 2021. The Company recognized $265 thousand and $101 thousand in stock-based compensation costs related to RSUs for the six months ended June 30, 2021 and 2020, respectively, which is included in general and administrative expenses in the unaudited condensed consolidated statements of operations. The Company recognized $120 thousand and $101 thousand in stock-based compensation costs related to RSUs during the three months ended June 30, 2021 and 2020, respectively. The Company has recognized 1,835 forfeitures, at a weighted average grant date fair value of $1.75 per share, as a reduction of expense previously recorded as general and administrative expenses in the unaudited condensed consolidated statements of operations during the six months ended June 30, 2021. During the three and six months ended June 30, 2021, a total of 101,284 awards vested. As of June 30, 2021, the Company had $700 thousand of unrecognized compensation costs related to 675,381 outstanding RSUs, which is expected to be recognized over a weighted average period of less than two years. All units are expected to vest.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company records income taxes for interim periods based on an estimated annual effective tax rate. The estimated annual effective tax rate is recomputed on a quarterly basis and may fluctuate due to changes in forecasted annual operating income, positive or negative changes to the valuation allowance for net deferred tax assets, the timing of distributions on foreign investments from which foreign taxes are withheld, and changes to actual or forecasted permanent book to tax differences. The Company’s effective tax rate for the six months ended June 30, 2021 and 2020 was 46.5% and 4.9%, respectively. The 2021 rate reflects state and foreign income taxes and the Company’s deferred federal income tax expense generated from an expected net operating income, offset by a change in the valuation allowance on net deferred tax assets.

Concentration of Credit Risk

Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2021
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	Concentration of Credit Risk As of June 30, 2021 and December 31, 2020, two customers comprised of 52% and 47% of our net accounts receivable balance, respectively. During the three months ended June 30, 2021, revenues from three customers represented 50% of total revenues. During the three months ended June 30, 2020, revenues from one customer represented 12% of total revenues. During the six months ended June 30, 2021 and June 30, 2020, revenues from two customers represented 38% and 29% of our total revenues, respectively. As of June 30, 2021, two vendors comprised of 40% of our net accounts payable balance. As of December 31, 2020, one vendor comprised of 15% of our net accounts payable balance. For the three months ended June 30, 2021 no vendor exceeded 10% concentration. During the three months ended June 30, 2020, cost of revenues from two vendors represented 28% of our total cost of revenues.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsNone

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Overview	OverviewStabilis Solutions, Inc. and its subsidiaries (the “Company”, “Stabilis”, “our”, “us” or “we”) produce, provide turnkey clean energy production, storage, transportation and fueling solutions using liquefied natural gas (“LNG”) and hydrogen to multiple end markets across North America. The Company also distributes LNG and hydrogen from third parties and provides services, transportation, and equipment to customers.
Basis of Presentation	Basis of Presentation The accompanying interim unaudited condensed consolidated financial statements include our accounts and those of our subsidiaries and, have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and disclosures normally included in the notes to condensed consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") have been condensed or omitted. We believe that the presentation and disclosures herein are adequate to make the information not misleading. The unaudited condensed consolidated financial statements reflect all adjustments (consisting of normal recurring adjustments) for a fair presentation of the interim periods. The results of operations for the interim period are not necessarily indicative of the results of operations to be expected for the full year. The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements as of and for the year ended December 31, 2020 included in the Company's Annual Report on Form 10-K, as filed on March 16, 2021. All intercompany accounts and transactions have been eliminated in consolidation. In the Notes to Condensed Consolidated Financial Statements (Unaudited), all dollar amounts in tabulations are in thousands, unless otherwise indicated. The accompanying unaudited condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company is required to make certain disclosures if it concludes that there is substantial doubt about the entity’s ability to continue as a going concern within one year from the date of the issuance of these financial statements. The Company has incurred recurring operating losses. The Company is subject to business risks and uncertainties inherent in the current LNG industry. There is no assurance that the Company will be able to generate sufficient revenues in the future to sustain itself or to support future growth. These factors were reviewed by management to determine if there was substantial doubt as to the Company’s ability to continue as a going concern. Management concluded that its plan to address the Company’s liquidity issues would allow it to continue as a going concern. The Company has recently experienced its highest ever revenue year to date, including a resumption of activity with existing customers as well as new revenue opportunities, particularly in Mexico and with power generation customers. On April 8, 2021, the Company obtained a new advancing loan facility, pursuant to the United States Department of Agriculture, Business & Industry Loan Program, in the aggregate principal amount of up to $10.0 million, of which $7.0 million
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates include the carrying amount of contingencies, valuation allowances for receivables, inventories, and deferred income tax assets, valuations assigned to assets and liabilities in business combinations, and impairments of long-lived assets. Actual results could differ from those estimates, and these differences could be material to the condensed consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently Adopted Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2019-12, “Simplifying the Accounting for Income Taxes” (“ASU No. 2019-12”), which simplifies the accounting for income taxes by removing certain exceptions to the general principles of Topic 740, Income Taxes and also improves consistent application by clarifying and amending existing guidance. ASU No. 2019-12 was adopted by the Company effective January 1, 2021. The adoption of this standard had no impact on our unaudited condensed consolidated financial position or results of operations. Recently Issued Accounting Standards In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting” (“ASU No. 2020-04”), which provides guidance to alleviate the burden in accounting for reference rate reform by allowing certain expedients and exceptions in applying generally accepted accounting principles to contract modifications, hedging relationships, and other transactions impacted by reference rate reform. The provisions of ASU No. 2020-04 apply only to those transactions that reference LIBOR or another reference rate expected to be discontinued due to reference rate reform. Adoption of the provisions of ASU No. 2020-04 are optional and are effective from March 12, 2020 through December 31, 2022. We are currently evaluating the impact of ASU No. 2020-04 on our unaudited condensed consolidated financial statements.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregated by Source	The table below presents revenue disaggregated by source, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 LNG Product $ 11,812 $ 2,884 $ 23,507 $ 12,015 Rental 1,940 385 5,327 3,275 Service 381 313 623 406 Power Delivery 1,660 976 3,204 2,286 Other 259 445 1,055 859 $ 16,052 $ 5,003 $ 33,716 $ 18,841 The table below presents revenue disaggregated by geographic location, for the three and six months ended June 30, 2021 and 2020 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2021 2020 2021 2020 Revenues Brazil $ 1,660 $ 976 $ 3,204 $ 2,286 Mexico 2,081 16 3,697 49 United States 12,311 4,011 26,815 16,506 $ 16,052 $ 5,003 $ 33,716 $ 18,841
Schedule of Contract Balances	The following table presents the changes in the Company’s contract liabilities for the periods ended June 30, 2021 and December 31, 2020 (in thousands): June 30, December 31, Balance at beginning of period $ 357 $ 185 Cash received, excluding amounts recognized as revenue 228 777 Amounts recognized as revenue (347) (605) Balance at end of period $ 238 $ 357

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	Three Months Ended June 30, 2021 Six Months Ended June 30, 2021 (in thousands) (in thousands) LNG Power Delivery Total LNG Power Delivery Total Revenues $ 14,392 $ 1,660 $ 16,052 $ 30,512 $ 3,204 $ 33,716 Depreciation 2,181 37 2,218 4,369 74 4,443 Loss from operations before equity income (1,840) (254) (2,094) (1,572) (521) (2,093) Net equity income from foreign joint ventures' operations — 475 475 — 829 829 Income (loss) from operations (1,840) 221 (1,619) (1,572) 308 (1,264) Interest expense, net 63 14 77 70 24 94 Interest expense, net - related parties 148 — 148 321 — 321 Income tax expense (benefit) 219 (36) 183 263 — 263 Net income (loss) (1,247) 243 (1,004) (1,232) 403 (829) June 30, 2021 (in thousands) LNG Power Delivery Total Total assets $ 72,413 $ 15,701 $ 88,114 Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 (in thousands) (in thousands) LNG Power Delivery Total LNG Power Delivery Total Revenues $ 4,027 $ 976 $ 5,003 $ 16,555 $ 2,286 $ 18,841 Depreciation 2,234 32 2,266 4,469 67 4,536 Loss from operations before equity income (3,531) (441) (3,972) (3,719) (875) (4,594) Net equity income from foreign joint ventures' operations — 948 948 — 774 774 Income (loss) from operations (3,531) 507 (3,024) (3,719) (101) (3,820) Interest expense, net 1 14 15 5 21 26 Interest expense, net - related parties 242 — 242 482 — 482 Income tax expense (35) 204 169 — 210 210 Net income (loss) (3,740) 277 (3,463) (4,220) (293) (4,513) December 31, 2020 (in thousands) LNG Power Delivery Total Total assets $ 64,757 $ 15,556 $ 80,313

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	6 Months Ended
	Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Current Assets	The Company’s prepaid expenses and other current assets consisted of the following (in thousands): June 30, December 31, Prepaid LNG $ 86 $ 90 Prepaid insurance 403 734 Prepaid supplier expenses 276 299 Other receivables 2,242 1,521 Deposits 335 285 Other 222 182 Total prepaid expenses and other current assets $ 3,564 $ 3,111

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment consisted of the following (in thousands): June 30, December 31, Liquefaction plants and systems $ 47,118 $ 40,841 Real property and buildings 2,392 1,649 Vehicles and tanker trailers and equipment 49,358 47,179 Computer and office equipment 577 532 Construction in progress 191 191 Leasehold improvements 31 30 99,667 90,422 Less: accumulated depreciation (42,628) (38,384) $ 57,039 $ 52,038

Investments in Foreign Joint _2

Investments in Foreign Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information of Foreign Joint Venture	Below is summary financial information for BOMAY at June 30, 2021 and December 31, 2020, and operational results for the three and six months ended June 30, 2021 and 2020 in U.S. dollars (in thousands, unaudited): June 30, December 31, 2020 Assets: Total current assets $ 52,416 $ 51,811 Total non-current assets 6,740 7,136 Total assets $ 59,156 $ 58,947 Liabilities and equity: Total liabilities $ 27,291 $ 26,355 Total joint ventures’ equity 31,865 32,592 Total liabilities and equity $ 59,156 $ 58,947 Three Months Ended Six Months Ended 2021 2020 2021 2020 Revenue $ 19,005 $ 18,647 $ 33,221 $ 27,203 Gross Profit 2,458 3,336 4,691 4,232 Earnings 1,265 2,283 2,235 1,999
Schedule of Activity in Investment in Foreign Joint Ventures	The following is a summary of activity in our investment in BOMAY for the periods ended June 30, 2021 and December 31, 2020 in U.S. dollars (in thousands, unaudited): June 30, December 31, 2020 Investments in BOMAY (1)(2) Initial investment $ 9,333 $ 9,333 Undistributed earnings: Balance at the beginning of the period 1,908 1,257 Equity in earnings 959 2,705 Dividend distributions (1,387) (2,054) Balance at end of period 1,480 1,908 Foreign currency translation: Balance at the beginning of the period 656 (69) Change during the period 139 725 Balance at end of period 795 656 Total investment in BOMAY at end of period $ 11,608 $ 11,897 (1) Accumulated statutory reserves in equity method investments of $2.66 million at June 30, 2021 and December 31, 2020 is included in our investment in BOMAY. In accordance with the People’s Republic of China, (“PRC”) regulations on enterprises with foreign ownership, an enterprise established in the PRC with foreign ownership is required to provide for certain statutory reserves, namely (i) General Reserve Fund, (ii) Enterprise Expansion Fund and (iii) Staff Welfare and Bonus Fund, which are appropriated from net profit as reported in the enterprise’s PRC statutory accounts. A non-wholly-owned foreign invested enterprise is permitted to provide for the above allocation at the discretion of its board of directors. The aforementioned reserves can only be used for specific purposes and are not distributable as cash dividends. (2) The Company’s initial investment in BOMAY differed from the Company’s 40% share of BOMAY’s equity as a result of applying fair value accounting pursuant to ASC 805. The basis difference of approximately $1.2 million will be accreted over the remaining seven year life of the joint venture. The Company accreted $65 thousand and $86 thousand during the six months ended June 30, 2021 and 2020, respectively, which is included in income from equity investments in foreign joint ventures in the accompanying condensed consolidated statement of operations. As of June 30, 2021 and December 31, 2020, accumulated accretion totaled $248 thousand and $183 thousand, respectively.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	6 Months Ended
	Jun. 30, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The Company’s accrued liabilities consisted of the following (in thousands): June 30, December 31, Compensation and benefits $ 2,547 $ 1,745 Professional fees 360 408 LNG fuel and transportation 1,922 1,151 Accrued interest 35 21 Contract liabilities 238 357 Other taxes payable 435 328 Other accrued liabilities 393 351 Total accrued liabilities $ 5,930 $ 4,361

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Debt Disclosure [Abstract]
Schedule of Carrying Value of Debt	The Company’s carrying value of debt consisted of the following (in thousands): June 30, December 31, Unsecured promissory note $ — $ 1,080 Secured term note 6,590 — Secured term note payable - related party 1,077 1,077 Secured promissory note - related party 3,859 5,000 Insurance and other notes payable 335 714 Less: amounts due within one year (3,623) (4,463) Total long-term debt $ 8,238 $ 3,408
Schedule Of Interest Expense On Debt	During the six months ended June 30, 2021 and 2020, the Company recorded interest expense on debt as follows (in thousands): June 30, June 30, Unsecured promissory note $ — $ — Secured term note 59 0 Secured term note payable - related party 20 42 Secured promissory note - related party 291 435 Insurance and other notes payable 30 27 Total interest expense on debt $ 400 $ 504

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2021
Leases [Abstract]
Schedule of Lease Assets and Liabilities Obligations	The following table summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of June 30, 2021 and December 31, 2020 (in thousands): Classification June 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 602 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 95 6,781 Total lease assets $ 697 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 271 $ 362 Finance Current portion of finance lease obligation 17 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 393 490 Finance Long-term portion of finance lease obligations 71 — Total lease liabilities $ 752 $ 1,500
Schedule of Lease Expenses	The following table summarizes the components of lease expense for the three and six months ended June 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended June 30, Six Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 34 $ 41 $ 77 $ 80 Operating lease cost Selling, general and administrative expenses 46 90 123 181 Finance lease cost Amortization of leased assets Depreciation 6 292 9 585 Interest on lease liabilities Interest expense 3 135 15 296 Net lease cost $ 89 $ 558 $ 224 $ 1,142
Schedule of Future Minimum Lease Payments for Operating and Finance Obligation	The following schedule presents the future minimum lease payments for our operating and finance obligations at June 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 204 $ 13 $ 217 2022 212 25 237 2023 145 25 170 2024 149 42 191 2025 25 — 25 Thereafter — — — Total lease payments 735 105 840 Less: Interest (71) (17) (88) Present value of lease liabilities $ 664 $ 88 $ 752
Schedule of Lease Costs and Terms for Operating and Finance Lease Obligations	Lease term and discount rates for our operating and finance lease obligations are as follows: Lease Term and Discount Rate June 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.6 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7%
Schedule of Supplemental Cash Flow Information Related To Leases	The following table summarizes the supplemental cash flow information related to leases for the six months ended June 30, 2021 and 2020: Other information June 30, June 30, (In thousands) Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 187 $ 237 Financing cash flows from finance leases 668 1,694 Interest paid 30 235 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 73

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Schedule of Outstanding Warrants	As of June 30, 2021, the Company had outstanding Warrants to purchase 62,500 shares of our common stock as follows: Date of Issuance No. of Warrants Exercise Price Expiration Date Nov. 13, 2017 62,500 $18.08 Nov. 13, 2022

Overview and Basis of Present_3

Overview and Basis of Presentation (Details) gallon in Thousands	Jun. 01, 2021gallon	Apr. 08, 2021USD ($)	Jun. 30, 2021gallon
Loan Agreement | AmeriState Bank
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Line of credit facility, maximum borrowing capacity | $		$ 10,000,000
Proceeds from loan | $		$ 7,000,000
Bomay
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Ownership percentage			40.00%
Texas
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Daily capacity of production facility in gallons			100
Permian Basin
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Daily capacity of production facility in gallons			25
Louisiana
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Daily capacity of production facility in gallons	30

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Revenue Disaggregated by Source and Location (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 16,052	$ 5,003	$ 33,716	$ 18,841
Brazil
Disaggregation of Revenue [Line Items]
Total revenues	1,660	976	3,204	2,286
Mexico
Disaggregation of Revenue [Line Items]
Total revenues	2,081	16	3,697	49
United States
Disaggregation of Revenue [Line Items]
Total revenues	12,311	4,011	26,815	16,506
LNG Product
Disaggregation of Revenue [Line Items]
Total revenues	11,812	2,884	23,507	12,015
Rental
Disaggregation of Revenue [Line Items]
Total revenues	1,940	385	5,327	3,275
Service
Disaggregation of Revenue [Line Items]
Total revenues	381	313	623	406
Power Delivery
Disaggregation of Revenue [Line Items]
Total revenues	1,660	976	3,204	2,286
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 259	$ 445	$ 1,055	$ 859

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Contract with Customer, Asset and Liability, Rollforward [Roll Forward]
Balance at beginning of period	$ 357	$ 185
Cash received, excluding amounts recognized as revenue	228	777
Amounts recognized as revenue	(347)	(605)
Balance at end of period	$ 238	$ 357

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2021USD ($)segment	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment					2
Revenues	$ 16,052		$ 5,003		$ 33,716	$ 18,841
Depreciation	2,218		2,266		4,443	4,536
Loss from operations before equity income	(2,094)		(3,972)		(2,093)	(4,594)
Net equity income from foreign joint ventures' operations	475		948		829	774
Income (loss) from operations	(1,619)		(3,024)		(1,264)	(3,820)
Interest expense, net	77		15		94	26
Interest expense, net - related parties	148		242		321	482
Income tax expense (benefit)	183		169		263	210
Net income (loss)	(1,004)	$ 175	(3,463)	$ (1,050)	(829)	(4,513)
Total assets	88,114				88,114		$ 80,313
LNG
Segment Reporting Information [Line Items]
Revenues	14,392		4,027		30,512	16,555
Depreciation	2,181		2,234		4,369	4,469
Loss from operations before equity income	(1,840)		(3,531)		(1,572)	(3,719)
Net equity income from foreign joint ventures' operations	0		0		0	0
Income (loss) from operations	(1,840)		(3,531)		(1,572)	(3,719)
Interest expense, net	63		1		70	5
Interest expense, net - related parties	148		242		321	482
Income tax expense (benefit)	219		(35)		263	0
Net income (loss)	(1,247)		(3,740)		(1,232)	(4,220)
Total assets	72,413				72,413		64,757
Power Delivery
Segment Reporting Information [Line Items]
Revenues	1,660		976		3,204	2,286
Depreciation	37		32		74	67
Loss from operations before equity income	(254)		(441)		(521)	(875)
Net equity income from foreign joint ventures' operations	475		948		829	774
Income (loss) from operations	221		507		308	(101)
Interest expense, net	14		14		24	21
Interest expense, net - related parties	0		0		0	0
Income tax expense (benefit)	(36)		204		0	210
Net income (loss)	243		$ 277		403	$ (293)
Total assets	$ 15,701				$ 15,701		$ 15,556
Bomay
Segment Reporting Information [Line Items]
Ownership percentage	40.00%				40.00%

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Prepaid expenses and other current assets
Prepaid LNG	$ 86	$ 90
Prepaid insurance	403	734
Prepaid supplier expenses	276	299
Other receivables	2,242	1,521
Deposits	335	285
Other	222	182
Total prepaid expenses and other current assets	$ 3,564	$ 3,111

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property Plant and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 99,667	$ 90,422
Less: accumulated depreciation	(42,628)	(38,384)
Property, plant and equipment, net	57,039	52,038
Liquefaction plants and systems
Property, Plant and Equipment [Line Items]
Cost	47,118	40,841
Real property and buildings
Property, Plant and Equipment [Line Items]
Cost	2,392	1,649
Vehicles and tanker trailers and equipment
Property, Plant and Equipment [Line Items]
Cost	49,358	47,179
Computer and office equipment
Property, Plant and Equipment [Line Items]
Cost	577	532
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	191	191
Leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	$ 31	$ 30

Property, Plant and Equipment_2

Property, Plant and Equipment - Additional Information (Details) - USD ($) $ in Thousands	Jun. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense		$ 2,218	$ 2,266	$ 4,443	$ 4,536
Purchase price	$ 5,000
Number of shares of the combined company (in shares)	500,000			500,000

Investments in Foreign Joint _3

Investments in Foreign Joint Ventures - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Schedule of Equity Method Investments [Line Items]
Revenues	$ 16,052,000	$ 5,003,000	$ 33,716,000	$ 18,841,000
Affiliated Entity
Schedule of Equity Method Investments [Line Items]
Revenues	$ 0	$ 0	$ 0	$ 0
Bomay
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	40.00%		40.00%
Bomay | Baoji Oilfield Machinery Co., Ltd.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	51.00%		51.00%
Bomay | AA Energies, Inc.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	9.00%		9.00%

Investments in Foreign Joint _4

Investments in Foreign Joint Ventures - Schedule of Financial Information of Foreign Joint Venture (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Assets
Total current assets	$ 14,084				$ 14,084		$ 10,813
Total assets	88,114				88,114		80,313
Liabilities and Stockholders’ Equity
Total liabilities	22,634				22,634		18,283
Total joint ventures’ equity	65,480				65,480		62,030
Total liabilities and stockholders’ equity	88,114				88,114		80,313
Earnings	(1,004)	$ 175	$ (3,463)	$ (1,050)	(829)	$ (4,513)
Bomay | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Assets
Total current assets	52,416				52,416		51,811
Total non-current assets	6,740				6,740		7,136
Total assets	59,156				59,156		58,947
Liabilities and Stockholders’ Equity
Total liabilities	27,291				27,291		26,355
Total joint ventures’ equity	31,865				31,865		32,592
Total liabilities and stockholders’ equity	59,156				59,156		$ 58,947
Revenue	19,005		18,647		33,221	27,203
Gross Profit	2,458		3,336		4,691	4,232
Earnings	$ 1,265		$ 2,283		$ 2,235	$ 1,999

Investments in Foreign Joint _5

Investments in Foreign Joint Ventures - Schedule of Activity in Investment in Foreign Joint Ventures (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Undistributed earnings:
Dividend distributions	$ (1,387)	$ (2,054)
Foreign currency translation:
Total investment in BOMAY at end of period	11,608		$ 11,897
Accumulated statutory reserves in equity method investments	2,660		2,660
Accretion of investment	65	86
Accumulated accretion	248		183
Bomay
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]
Initial investment	9,333	9,333	9,333
Undistributed earnings:
Balance at the beginning of the period	1,908	1,257	1,257
Equity in earnings	959		2,705
Dividend distributions	(1,387)		(2,054)
Balance at end of period	1,480		1,908
Foreign currency translation:
Balance at the beginning of the period	656	$ (69)	(69)
Change during the period	139		725
Balance at end of period	795		656
Total investment in BOMAY at end of period	$ 11,608		$ 11,897
Ownership percentage	40.00%
Basis difference	$ 1,200
Remaining life of joint venture	7 years

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accrued liabilities
Compensation and benefits	$ 2,547	$ 1,745
Professional fees	360	408
LNG fuel and transportation	1,922	1,151
Accrued interest	35	21
Contract liabilities	238	357
Other taxes payable	435	328
Other accrued liabilities	393	351
Total accrued liabilities	$ 5,930	$ 4,361

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Unsecured promissory note	$ 0	$ 1,080
Secured term note	6,590	0
Secured term note payable - related party	1,077	1,077
Secured promissory note - related party	3,859	5,000
Insurance and other notes payable	335	714
Less: amounts due within one year	(3,623)	(4,463)
Total long-term debt	$ 8,238	$ 3,408

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Apr. 08, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Debt Instrument [Line Items]
Gain on extinguishment of debt		$ 1,100,000	$ 1,086,000	$ 0
AmeriState Bank | Loan Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000
Proceeds from loan	$ 7,000,000
Interest rate	5.75%
AmeriState Bank | Loan Agreement | Prime Rate
Debt Instrument [Line Items]
Debt instrument, interest rate basis	2.50%
Promissory Note | Cadence Bank, N.A. | Loan Pursuant to CARES Act
Debt Instrument [Line Items]
Debt instrument, face amount					$ 1,100,000

Debt - Schedule of Interest Exp

Debt - Schedule of Interest Expense (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Debt Instrument [Line Items]
Interest expense	$ 400	$ 504
Unsecured promissory note
Debt Instrument [Line Items]
Interest expense	0	0
Secured term note
Debt Instrument [Line Items]
Interest expense	59	0
Secured term note payable - related party
Debt Instrument [Line Items]
Interest expense	20	42
Secured promissory note - related party
Debt Instrument [Line Items]
Interest expense	291	435
Insurance and other notes payable
Debt Instrument [Line Items]
Interest expense	$ 30	$ 27

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets and Liabilities, Lessee
Operating lease assets	$ 602	$ 786
Finance lease assets	$ 95	$ 6,781
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Total lease assets	$ 697	$ 7,567
Operating lease liabilities current	271	362
Finance lease liabilities current	17	0
Current portion of finance lease obligation - related parties	0	648
Operating lease liabilities non-current	393	490
Finance lease liabilities non-current	71	0
Present value of lease liabilities	$ 752	$ 1,500

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Lessee, Lease, Description [Line Items]
Amortization of leased assets	$ 6	$ 292	$ 9	$ 585
Interest on lease liabilities	3	135	15	296
Net lease cost	89	558	224	1,142
Cost of sales
Lessee, Lease, Description [Line Items]
Operating lease cost	34	41	77	80
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 46	$ 90	$ 123	$ 181

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	Jan. 25, 2021USD ($)agreement	Dec. 31, 2019USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Leases [Abstract]
Number of finance lease agreements | agreement	3
Finance lease, principal and interest payments	$ 2		$ 668	$ 1,694
Lessee term	36 months
Annual rate	10.70%
Purchase of machinery and equipment		$ 3,200
Lease liability due	$ 648		$ 105

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments for Operating and Finance Obligation (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jan. 25, 2021	Dec. 31, 2020
Operating Leases
Remainder 2021	$ 204
2022	212
2023	145
2024	149
2025	25
Thereafter	0
Total lease payments	735
Less: Interest	(71)
Present value of lease liabilities	664
Finance Leases
Remainder 2021	13
2022	25
2023	25
2024	42
2025	0
Thereafter	0
Total lease payments	105	$ 648
Less: Interest	(17)
Present value of lease liabilities	88
Total
Remainder 2021	217
2022	237
2023	170
2024	191
2025	25
Thereafter	0
Total lease payments	840
Less: Interest	(88)
Present value of lease liabilities	$ 752		$ 1,500

Leases - Schedule of Lease Co_2

Leases - Schedule of Lease Costs and Terms for Operating and Finance Lease Obligations (Details)	Jun. 30, 2021
Leases [Abstract]
Operating leases, weighted-average remaining lease term (years)	2 years 8 months 12 days
Finance leases, weighted-average remaining lease term (years)	2 years 7 months 6 days
Operating leases, weighted-average discount rate	7.20%
Finance leases, weighted-average discount rate	10.70%

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related To Leases (Details) - USD ($) $ in Thousands	Jan. 25, 2021	Jun. 30, 2021	Jun. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$ 187	$ 237
Financing cash flows from finance leases	$ 2	668	1,694
Interest paid		30	235
Noncash activities from right-of-use assets obtained in exchange for lease obligations:
Operating leases		$ 0	$ 73

Related Party Transactions - Ot

Related Party Transactions - Other Purchases and Sales (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due from related parties	$ 0		$ 0		$ 42,000
Secured term note payable - related party	$ 1,077,000		$ 1,077,000		1,077,000
Applied Cryo Technologies
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	51.00%	51.00%	51.00%	51.00%
Payment for equipment repairs and services	$ 132,000	$ 40,000	$ 498,000	$ 73,000
Affiliated Entity
Related Party Transaction [Line Items]
Purchases from related parties	35,000	10,000	78,000	20,000
Secured term note payable - related party	$ 32,000		$ 32,000		14,000
Affiliated Entity | TMG | Board of Directors Chairman
Related Party Transaction [Line Items]
Percentage of beneficial ownership			25.00%
Affiliated Entity | Chart E&C
Related Party Transaction [Line Items]
Percentage of common stock owned	8.40%		8.40%
Affiliated Entity | Applied Cryo Technologies
Related Party Transaction [Line Items]
Related party sales	$ 0	0	$ 0	0
Due from related parties	0		0		2,000
Due to related parties	$ 72,000		$ 72,000		121,000
Affiliated Entity | TMG
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	25.00%		25.00%
Due from related parties	$ 0		$ 0		0
Due to related parties	760,000		760,000		$ 582,000
Purchase of supplies and services	$ 191,000	$ 162,000	$ 721,000	$ 195,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	1 Months Ended
	Oct. 31, 2018USD ($)
Commitments and Contingencies Disclosure [Abstract]
Potential liability related to asset purchase agreement	$ 4.3

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jun. 01, 2021	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		37,500,000	37,500,000	37,500,000
Common stock, par value (in usd per share)		$ 0.001	$ 0.001	$ 0.001
Number of shares of the combined company (in shares)	500,000		500,000
Shares issued in asset acquisition	$ 3,800	$ 3,795	$ 3,800
RSUs | 2019 Long Term Incentive Plan
Class of Stock [Line Items]
Number of share vested (in shares)			101,284

Stockholders' Equity - Issuance

Stockholders' Equity - Issuances of Warrants (Details)	Jun. 30, 2021$ / sharesshares
Class of Stock [Line Items]
No. of Warrants (in shares)	62,500
Warrant, November 13, 2022 Expiration
Class of Stock [Line Items]
No. of Warrants (in shares)	62,500
Exercise Price (in usd per share) | $ / shares	$ 18.08

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Apr. 30, 2020	Feb. 29, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
RSA
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Retainer fee, percentage		50.00%
Outstanding vested (in shares)		34,706
Vesting period		1 year
Compensation costs			$ 0	$ 38,000	$ 17,000	$ 57,000
Compensation cost expected to be recognized			0		$ 0
RSA | 2019 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	61,308
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)					0
Compensation costs			120,000		$ 265,000	$ 101,000
Compensation cost expected to be recognized			$ 700,000		$ 700,000
Forfeitures (in shares)					1,835
Weighted-average grant date fair value (in dollars per share)					$ 1.75
Outstanding RSUs (in shares)					675,381
Unrecognized compensation costs, weighted average period					2 years
RSUs | 2019 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding vested (in shares)					101,284

Income Taxes (Details)

Income Taxes (Details)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Effective tax rate	46.50%	4.90%

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Accounts Receivable | Customer Concentration Risk | Two Customer
Concentration Risk [Line Items]
Concentration risk, percentage			52.00%		47.00%
Revenue Benchmark | Customer Concentration Risk | Two Customer
Concentration Risk [Line Items]
Concentration risk, percentage			38.00%	29.00%
Revenue Benchmark | Customer Concentration Risk | Three Customer
Concentration Risk [Line Items]
Concentration risk, percentage	50.00%
Revenue Benchmark | Customer Concentration Risk | One Customer
Concentration Risk [Line Items]
Concentration risk, percentage		12.00%
Accounts Payable | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration risk, percentage			40.00%
Accounts Payable | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration risk, percentage					15.00%
Cost of Goods and Service Benchmark | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration risk, percentage		28.00%