Stabilis Solutions (SLNG) 10-Q 12 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Nov. 10, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-40364
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
Security Exchange Name	NASDAQ
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		17,691,268
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001043186
Current Fiscal Year End Date	--12-31

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 2,938	$ 1,814
Accounts receivable, net	7,328	5,620
Inventories, net	424	226
Prepaid expenses and other current assets	4,298	3,111
Due from related parties	0	42
Total current assets	14,988	10,813
Property, plant and equipment:
Cost	100,758	90,422
Less accumulated depreciation	(44,900)	(38,384)
Property, plant and equipment, net	55,858	52,038
Right-of-use assets	128	786
Goodwill	4,453	4,453
Investments in foreign joint ventures	11,923	11,897
Other noncurrent assets	319	326
Total assets	87,669	80,313
Current liabilities:
Current portion of notes payable	1,379	1,112
Current portion of notes payable - related parties	2,580	3,351
Current portion of finance lease obligation	16	0
Current portion of finance lease obligation - related parties	0	648
Current portion of operating lease obligations	206	362
Accrued liabilities	7,432	4,361
Accounts payable	5,163	4,395
Total current liabilities	16,776	14,229
Long-term notes payable, net of current portion	6,772	682
Long-term notes payable, net of current portion - related parties	919	2,726
Long-term portion of finance lease obligations	68	0
Long-term portion of operating lease obligations	314	490
Other noncurrent liabilities	98	156
Total liabilities	24,947	18,283
Commitments and contingencies (Note 12)
Stockholders’ Equity:
Preferred Stock; $0.001 par value, 1,000,000 shares authorized, no shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	0	0
Common stock; $0.001 par value, 37,500,000 shares authorized, 17,691,268 and 16,896,626 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	18	17
Additional paid-in capital	97,373	91,278
Accumulated other comprehensive income	172	122
Accumulated deficit	(34,841)	(29,387)
Total stockholders’ equity	62,722	62,030
Total liabilities and stockholders’ equity	$ 87,669	$ 80,313

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in usd per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, shares issued (in shares)	0	0
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)	17,691,268	16,896,626
Common stock, shares, outstanding (in shares)	17,691,268	16,896,626

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Total revenues	$ 19,704	$ 9,019	$ 53,420	$ 27,860
Operating expenses:
Selling, general and administrative expenses	6,155	2,338	13,195	7,892
Gain from disposal of fixed assets	0	0	(24)	(11)
Depreciation expense	2,324	2,266	6,767	6,802
Impairment of right-of-use lease asset	376	0	376	0
Total operating expenses	24,302	11,452	60,111	34,887
Loss from operations before equity income	(4,598)	(2,433)	(6,691)	(7,027)
Net equity income from foreign joint ventures' operations:
Income from equity investments in foreign joint ventures	308	642	1,267	1,529
Foreign joint ventures' operations related expenses	(62)	(69)	(192)	(182)
Net equity income from foreign joint ventures' operations	246	573	1,075	1,347
Loss from operations	(4,352)	(1,860)	(5,616)	(5,680)
Other income (expense):
Interest expense, net	(130)	(2)	(224)	(28)
Interest expense, net - related parties	(120)	(199)	(441)	(681)
Other income (loss)	70	(31)	1,183	(6)
Total other income (expense)	(180)	(232)	518	(715)
Loss before income tax expense	(4,532)	(2,092)	(5,098)	(6,395)
Income tax expense	93	41	356	251
Net loss	$ (4,625)	$ (2,133)	$ (5,454)	$ (6,646)
Net loss per common share:
Net income (loss) per common share, basic (in usd per share)	$ (0.26)	$ (0.13)	$ (0.32)	$ (0.39)
Net income (loss) per common share, diluted (in usd per share)	$ (0.26)	$ (0.13)	$ (0.32)	$ (0.39)
Weighted average number of common shares outstanding:
Weighted average number of shares outstanding, basic (in shares)	17,578,653	16,896,626	17,202,631	16,867,939
Weighted average number of shares outstanding, diluted (in shares)	17,578,653	16,896,626	17,202,631	16,867,939
LNG Product
Revenue
Total revenues	$ 14,420	$ 6,594	$ 37,927	$ 18,609
Operating expenses:
Cost of revenue	11,988	5,044	30,154	13,692
Rental, service and other
Revenue
Total revenues	3,359	1,073	10,364	5,613
Operating expenses:
Cost of revenue	1,917	808	5,649	3,381
Power delivery
Revenue
Total revenues	1,925	1,352	5,129	3,638
Operating expenses:
Cost of revenue	$ 1,542	$ 996	$ 3,994	$ 3,131

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,625)	$ (2,133)	$ (5,454)	$ (6,646)
Foreign currency translation adjustment	(150)	424	50	(111)
Total comprehensive loss	$ (4,775)	$ (1,709)	$ (5,404)	$ (6,757)

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 (in shares) at Dec. 31, 2019		16,800,612
Balance, beginning at Dec. 31, 2019	$ 67,843	$ 17	$ 90,748	$ (291)	$ (22,631)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued (in shares)		34,706
Stock-based compensation	19		19
Net loss	(1,050)				(1,050)
Other comprehensive income (loss)	(619)			(619)
Balance, ending (in shares) at Mar. 31, 2020		16,835,318
Balance, ending at Mar. 31, 2020	66,193	$ 17	90,767	(910)	(23,681)
Balance, beginning (in shares) at Dec. 31, 2019		16,800,612
Balance, beginning at Dec. 31, 2019	67,843	$ 17	90,748	(291)	(22,631)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(6,646)
Other comprehensive income (loss)	(111)
Balance, ending (in shares) at Sep. 30, 2020		16,896,626
Balance, ending at Sep. 30, 2020	61,430	$ 17	91,092	(402)	(29,277)
Balance, beginning (in shares) at Mar. 31, 2020		16,835,318
Balance, beginning at Mar. 31, 2020	66,193	$ 17	90,767	(910)	(23,681)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued (in shares)		61,308
Stock-based compensation	139		139
Net loss	(3,463)				(3,463)
Other comprehensive income (loss)	84			84
Balance, ending (in shares) at Jun. 30, 2020		16,896,626
Balance, ending at Jun. 30, 2020	62,953	$ 17	90,906	(826)	(27,144)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	186		186
Net loss	(2,133)				(2,133)
Other comprehensive income (loss)	424			424
Balance, ending (in shares) at Sep. 30, 2020		16,896,626
Balance, ending at Sep. 30, 2020	61,430	$ 17	91,092	(402)	(29,277)
Balance, beginning (in shares) at Dec. 31, 2020		16,896,626
Balance, beginning at Dec. 31, 2020	62,030	$ 17	91,278	122	(29,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	162		162
Net loss	175				175
Other comprehensive income (loss)	(202)			(202)
Balance, ending (in shares) at Mar. 31, 2021		16,896,626
Balance, ending at Mar. 31, 2021	62,165	$ 17	91,440	(80)	(29,212)
Balance, beginning (in shares) at Dec. 31, 2020		16,896,626
Balance, beginning at Dec. 31, 2020	$ 62,030	$ 17	91,278	122	(29,387)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares issued in acquisition of new assets (in shares)	500,000
Shares issued in asset acquisition	$ 3,800
Net loss	(5,454)
Other comprehensive income (loss)	50
Balance, ending (in shares) at Sep. 30, 2021		17,691,268
Balance, ending at Sep. 30, 2021	62,722	$ 18	97,373	172	(34,841)
Balance, beginning (in shares) at Mar. 31, 2021		16,896,626
Balance, beginning at Mar. 31, 2021	62,165	$ 17	91,440	(80)	(29,212)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued (in shares)		101,284
Stock-based compensation	122		122
Shares issued in acquisition of new assets (in shares)		500,000
Shares issued in asset acquisition	3,795	$ 1	3,794
Net loss	(1,004)				(1,004)
Other comprehensive income (loss)	402			402
Balance, ending (in shares) at Jun. 30, 2021		17,497,910
Balance, ending at Jun. 30, 2021	65,480	$ 18	95,356	322	(30,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock issued (in shares)		250,000
Stock-based compensation	2,447		2,447
Employee tax payments from restricted stock with holdings (in shares)		(56,642)
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	(430)		(430)
Net loss	(4,625)				(4,625)
Other comprehensive income (loss)	(150)			(150)
Balance, ending (in shares) at Sep. 30, 2021		17,691,268
Balance, ending at Sep. 30, 2021	$ 62,722	$ 18	$ 97,373	$ 172	$ (34,841)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (4,625)	$ 175	$ (2,133)	$ (1,050)	$ (5,454)	$ (6,646)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation	2,324		2,266		6,767	6,802
Stock-based compensation expense					2,731	344
Bad debt expense					0	144
Gain on disposal of fixed assets					(24)	(11)
Gain on extinguishment of debt					(1,086)	0
Income from equity investment in joint venture	(308)		(642)		(1,267)	(1,529)
Distributions from equity investment in joint venture					1,387	2,054
Impairment of right-of-use lease asset	376		0		376	0
Change in operating assets and liabilities, net of acquisitions:
Accounts receivable					(1,708)	3,629
Due to (from) related parties					42	0
Inventories					(173)	48
Prepaid expenses and other current assets					91	(396)
Accounts payable and accrued liabilities					3,878	(2,085)
Other					(82)	113
Net cash provided by operating activities					5,478	2,467
Cash flows from investing activities:
Acquisition of fixed assets					(6,948)	(327)
Proceeds on sales of fixed assets					258	12
Net cash used in investing activities					(6,690)	(315)
Cash flows from financing activities:
Proceeds from borrowings on short- and long-term notes payable					7,228	1,856
Payments on short- and long-term notes payable					(650)	(644)
Payments on notes payable and financed leases from related parties					(3,277)	(3,776)
Payment of debt issuance costs					(420)	0
Employee tax payments from restricted stock withholdings					(430)	0
Net cash provided by (used in) financing activities					2,451	(2,564)
Effect of exchange rate changes on cash					(115)	(157)
Net increase (decrease) in cash and cash equivalents					1,124	(569)
Cash and cash equivalents, beginning of period		$ 1,814		$ 3,979	1,814	3,979	$ 3,979
Cash and cash equivalents, end of period	$ 2,938		$ 3,410		2,938	3,410	$ 1,814
Supplemental disclosure of cash flow information:
Interest paid					645	834
Income taxes paid					228	210
Non-cash investing and financing activities:
Common stock issued to acquire fixed assets					3,795	0
Insurance premium financing					1,278	0
Equipment acquired under capital leases					$ 104	$ 0

Overview and Basis of Presentat

Overview and Basis of Presentation	9 Months Ended
	Sep. 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 an 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 acquired 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 unaudited, interim condensed consolidated financial statements ("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 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 prevent the information presented herein from being misleading. The 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 periods presented are not necessarily indicative of the results of operations to be expected for the full year. The accompanying 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, all dollar amounts in tabulations are in thousands, unless otherwise indicated. The accompanying 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, and 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. The Company's working capital and business risks within the LNG industry 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 year-to-date revenue, 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 September 30, 2021. The Company's management believes that current working capital, access to its advancing loan facility and revenue growth of the business will generate sufficient cash flows to fund the business for the next 12 months. Reclassifications Presentation of certain prior year amounts have been condensed on the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Cash Flows herein to conform to current period presentation. Such reclassifications had no impact on the consolidated financial position, results of operations or cash flows. 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. 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 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 interim 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 consolidated financial position and results of operations.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 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 nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended Nine Months Ended Revenues 2021 2020 2021 2020 LNG Product $ 14,420 $ 6,594 $ 37,927 $ 18,609 Rental 2,712 737 8,039 4,012 Service 334 187 957 593 Power Delivery 1,925 1,352 5,129 3,638 Other 313 149 1,368 1,008 $ 19,704 $ 9,019 $ 53,420 $ 27,860 The table below presents revenue disaggregated by geographic location, for the three and nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended Nine Months Ended Revenues 2021 2020 2021 2020 Brazil $ 1,925 $ 1,352 $ 5,129 $ 3,638 Mexico 3,501 2,729 7,198 2,778 United States 14,278 4,938 41,093 21,444 $ 19,704 $ 9,019 $ 53,420 $ 27,860 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 table below presents the changes in the Company’s contract liabilities for the nine months ended September 30, 2021 and December 31, 2020 (in thousands): September 30, December 31, Balance at beginning of period $ 357 $ 185 Cash received, excluding amounts recognized as revenue 283 777 Amounts recognized as revenue (352) (605) Balance at end of period $ 288 $ 357 The Company has no other material contract assets or liabilities and contract costs.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Business Segments	Business SegmentsThe 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 in Brazil and through our BOMAY joint venture in China. The tables below present operating results by segment for the three and nine months ended September 30, 2021 and 2020 as well as their respective total assets at September 30, 2021 and December 31, 2020 (in thousands): Three Months Ended Nine Months Ended LNG Power Delivery Total LNG Power Delivery Total Revenues $ 17,779 $ 1,925 $ 19,704 $ 48,291 $ 5,129 $ 53,420 Depreciation 2,284 40 2,324 6,653 114 6,767 Loss from operations before equity income (4,441) (157) (4,598) (6,013) (678) (6,691) Net equity income from foreign joint ventures' operations — 246 246 — 1,075 1,075 Income (loss) from operations (4,441) 89 (4,352) (6,013) 397 (5,616) Interest expense, net 118 12 130 188 36 224 Interest expense, net - related parties 120 — 120 441 — 441 Income tax expense 93 — 93 356 — 356 Net income (loss) (4,735) 110 (4,625) (5,967) 513 (5,454) September 30, 2021 LNG Power Delivery Total Total assets $ 71,450 $ 16,219 $ 87,669 Three Months Ended Nine Months Ended LNG Power Delivery Total LNG Power Delivery Total Revenues $ 7,667 $ 1,352 $ 9,019 $ 24,222 $ 3,638 $ 27,860 Depreciation 2,237 29 2,266 6,706 96 6,802 Loss from operations before equity income (2,179) (254) (2,433) (5,898) (1,129) (7,027) Net equity income from foreign joint ventures' operations — 573 573 — 1,347 1,347 Income (loss) from operations (2,179) 319 (1,860) (5,898) 218 (5,680) Interest expense, net 11 (9) 2 16 12 28 Interest expense, net - related parties 199 — 199 681 — 681 Income tax expense 41 — 41 41 210 251 Net income (loss) (2,458) 325 (2,133) (6,678) 32 (6,646) December 31, 2020 LNG Power Delivery Total Total assets $ 64,757 $ 15,556 $ 80,313

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	9 Months Ended
	Sep. 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 at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Prepaid LNG $ 51 $ 90 Prepaid insurance 1,385 734 Prepaid supplier expenses 326 299 Other receivables 1,923 1,521 Deposits 360 285 Other 253 182 Total prepaid expenses and other current assets $ 4,298 $ 3,111

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The Company’s property, plant and equipment at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Liquefaction plants and systems $ 47,225 $ 40,841 Real property and buildings 2,373 1,649 Vehicles and tanker trailers and equipment 49,556 47,179 Computer and office equipment 609 532 Construction in progress 964 191 Leasehold improvements 31 30 100,758 90,422 Less: accumulated depreciation (44,900) (38,384) $ 55,858 $ 52,038 Depreciation expense for the nine months ended September 30, 2021 and 2020 both totaled $6.8 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, which shares were valued at $3.8 million.

Investments in Foreign Joint Ve

Investments in Foreign Joint Ventures	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investments in Foreign Joint Ventures	Investments in Foreign Joint Ventures 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 during the three and nine months ended September 30, 2021 and 2020. 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. The tables below present a summary of BOMAY's assets and liabilities and equity at September 30, 2021 and December 31, 2020, and its operational results for the three and nine months ended September 30, 2021 and 2020 in U.S. dollars (in thousands, unaudited): September 30, December 31, 2020 Assets: Total current assets $ 60,707 $ 51,811 Total non-current assets 6,690 7,136 Total assets $ 67,397 $ 58,947 Liabilities and equity: Total liabilities $ 34,779 $ 26,355 Total joint ventures’ equity 32,618 32,592 Total liabilities and equity $ 67,397 $ 58,947 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Revenue $ 10,040 $ 17,641 $ 43,261 $ 44,844 Gross Profit 3,420 3,224 8,111 7,456 Earnings 688 1,663 2,923 3,662 The table below presents a summary of activity in our investment in BOMAY for the periods ended September 30, 2021 and December 31, 2020 in U.S. dollars (in thousands, unaudited): September 30, December 31, 2020 Investment 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 1,267 2,705 Dividend distributions (1,387) (2,054) Balance at end of period 1,788 1,908 Foreign currency translation: Balance at the beginning of the period 656 (69) Change during the period 146 725 Balance at end of period 802 656 Total investment in BOMAY at end of period $ 11,923 $ 11,897 (1) Accumulated statutory reserves in equity method investments of $2.66 million at September 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 $97 thousand for both the nine months ended September 30, 2021 and 2020, which is included in income from equity investments in foreign joint ventures in the accompanying unaudited interim condensed consolidated statements of operations. As of September 30, 2021 and December 31, 2020, accumulated accretion totaled $280 thousand and $183 thousand, respectively.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	Accrued Liabilities The Company’s accrued liabilities at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Compensation and benefits $ 3,134 $ 1,745 Professional fees 623 408 LNG fuel and transportation 2,507 1,151 Accrued interest — 21 Contract liabilities 288 357 Other taxes payable 582 328 Other accrued liabilities 298 351 Total accrued liabilities $ 7,432 $ 4,361

Debt

Debt	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Debt	Debt The Company’s carrying value of debt at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Unsecured promissory note $ — $ 1,080 Secured term note, net of debt issuance costs 6,598 — Secured term note payable - related party — 1,077 Secured promissory note - related party 3,498 5,000 Insurance and other notes payable 1,554 714 Less: amounts due within one year (3,959) (4,463) Total long-term debt $ 7,691 $ 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 forgiven. 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 unaudited interim 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 “AmeriState Loan”), of which $7.0 million was drawn and outstanding as of September 30, 2021. The AmeriState 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 AmeriState 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 AmeriState 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. Repayment of Secured Term Note Payable - Related Party The Company had a Secured Term Note Payable, as amended, with Chart Energy & Chemicals, Inc. (“Chart E&C”), who beneficially owns approximately 8.3% of our outstanding common stock. The note contained various covenants that limited the Company's ability to grant certain liens, incur additional indebtedness, guarantee or become contingently liable for obligations of any person except for those allowed by Chart E&C, merge or consolidate into or with a third party or engage in certain asset dispositions and acquisitions, pay dividends or make distributions, transact with affiliates, prepay indebtedness, and issue additional equity interests. Borrowings incurred interest on the outstanding principal at the rate of 3.0% plus the London interbank offered rate (3.15% at December 31, 2020). During the three months ended September 30, 2021, the Company repaid this debt in full totaling approximately $1.1 million. Amendment of Secured Promissory Note - Related Party On September 20, 2021, the Company amended its secured promissory note with M/G Finance Co., Ltd, a related party, to defer scheduled debt and interest payments for September through December 2021 for a period of one year, such payments to be included with the scheduled payments for September through December 2022. The secured promissory note is secured by certain equipment of the Company. During the nine months ended September 30, 2021 and 2020, the Company recorded interest expense on debt as follows (in thousands): September 30, September 30, Unsecured promissory note $ — $ 4 Secured term note $ 176 $ — Secured term note payable - related party 22 57 Secured promissory note - related party 409 224 Insurance and other notes payable 41 24 Total interest expense on debt $ 648 $ 309 Certain of the agreements governing our outstanding debt have certain covenants with which we must comply. As of September 30, 2021, we were in compliance with all of these covenants.

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases	LeasesOn July 30, 2021, the Company terminated its office lease with Millenium-Windfall Partners, Ltd for a fixed settlement of $0.4 million, payable in 43 monthly payments. In accordance with the termination, the Company was released from all future rights and obligations under the lease. In accordance with the termination of the lease, the Company recorded an impairment charge of $0.4 million related to its remaining right-of-use asset for this lease for the three and nine months ended September 30, 2021. The Company also remeasured the lease obligation as of July 30, 2021 and the remaining obligation of $0.4 million under the termination settlement is included in the Company's liabilities at September 30, 2021. The table below summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of September 30, 2021 and December 31, 2020 (in thousands): Classification September 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 128 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 90 6,781 Total lease assets $ 218 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 206 $ 362 Finance Current portion of finance lease obligation 16 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 314 490 Finance Long-term portion of finance lease obligations 68 — Total lease liabilities $ 604 $ 1,500 The table below summarizes the components of lease expense for the three and nine months ended September 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended Nine Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 39 $ 42 $ 116 $ 122 Operating lease cost Selling, general and administrative expenses 75 4 198 185 Finance lease cost Amortization of leased assets Depreciation 5 294 14 879 Interest on lease liabilities Interest expense 2 104 17 400 Net lease cost $ 121 $ 444 $ 345 $ 1,586 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. These assets are included in the Company's property, plant and equipment, net on the Condensed Consolidated Balance Sheets and the purchase had no effect on the net book value of these assets. The schedule below presents the future minimum lease payments for our operating and finance lease obligations at September 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 85 $ 6 $ 91 2022 181 25 206 2023 147 25 172 2024 131 41 172 2025 21 — 21 Thereafter — — — Total lease payments 565 97 662 Less: Interest (45) (13) (58) Present value of lease liabilities $ 520 $ 84 $ 604 Lease term and discount rates for our operating and finance lease obligations are as follows: September 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.3 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7% The table below summarizes the supplemental cash flow information related to leases for the nine months ended September 30, 2021 and 2020 (in thousands): September 30, September 30, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 250 $ 287 Financing cash flows from finance leases 668 2,640 Interest paid 35 400 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 1,163
Leases	LeasesOn July 30, 2021, the Company terminated its office lease with Millenium-Windfall Partners, Ltd for a fixed settlement of $0.4 million, payable in 43 monthly payments. In accordance with the termination, the Company was released from all future rights and obligations under the lease. In accordance with the termination of the lease, the Company recorded an impairment charge of $0.4 million related to its remaining right-of-use asset for this lease for the three and nine months ended September 30, 2021. The Company also remeasured the lease obligation as of July 30, 2021 and the remaining obligation of $0.4 million under the termination settlement is included in the Company's liabilities at September 30, 2021. The table below summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of September 30, 2021 and December 31, 2020 (in thousands): Classification September 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 128 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 90 6,781 Total lease assets $ 218 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 206 $ 362 Finance Current portion of finance lease obligation 16 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 314 490 Finance Long-term portion of finance lease obligations 68 — Total lease liabilities $ 604 $ 1,500 The table below summarizes the components of lease expense for the three and nine months ended September 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended Nine Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 39 $ 42 $ 116 $ 122 Operating lease cost Selling, general and administrative expenses 75 4 198 185 Finance lease cost Amortization of leased assets Depreciation 5 294 14 879 Interest on lease liabilities Interest expense 2 104 17 400 Net lease cost $ 121 $ 444 $ 345 $ 1,586 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. These assets are included in the Company's property, plant and equipment, net on the Condensed Consolidated Balance Sheets and the purchase had no effect on the net book value of these assets. The schedule below presents the future minimum lease payments for our operating and finance lease obligations at September 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 85 $ 6 $ 91 2022 181 25 206 2023 147 25 172 2024 131 41 172 2025 21 — 21 Thereafter — — — Total lease payments 565 97 662 Less: Interest (45) (13) (58) Present value of lease liabilities $ 520 $ 84 $ 604 Lease term and discount rates for our operating and finance lease obligations are as follows: September 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.3 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7% The table below summarizes the supplemental cash flow information related to leases for the nine months ended September 30, 2021 and 2020 (in thousands): September 30, September 30, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 250 $ 287 Financing cash flows from finance leases 668 2,640 Interest paid 35 400 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 1,163

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Other Purchases and Sales During the nine months ended September 30, 2021 and 2020, the Company paid Applied Cryo Technologies, Inc. (“ACT”), a company owned 51% by Crenshaw Family Holdings, LP (“Crenshaw Family Holdings”), $530 thousand and $109 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 September 30, 2021 and 2020, the Company paid ACT $32 thousand and $36 thousand, respectively, for equipment repairs and services. The Company had $30 thousand of sales to ACT during the three and nine months ended September 30, 2021. The Company had no sales to ACT during the three and nine months ended September 30, 2020. The Company had $30 thousand and $2 thousand due from ACT included in accounts receivable on the unaudited condensed consolidated balance sheets at September 30, 2021 and December 31, 2020, respectively. As of September 30, 2021 and December 31, 2020, the Company had $15 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 nine months ended September 30, 2021 and 2020, the Company made purchases of supplies and services from a subsidiary of The Modern Group totaling $848 thousand and $213 thousand, respectively. During the three months ended September 30, 2021 and 2020, the Company made purchases of supplies and services totaling $127 thousand and $18 thousand, respectively. The Company had $13 thousand of sales to The Modern Group during the three and nine months ended September 30, 2021 with no sales during the same period of 2020. The Company had an $11 thousand receivable due from The Modern Group at September 30, 2021. There was no receivable due from The Modern Group at December 31, 2020. As of September 30, 2021 and December 31, 2020, the Company had $548 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 E&C beneficially owns 8.3% of our outstanding common stock and was party to a Secured Term Note Payable with the Company prior to its repayment by the Company during the three and nine months ended September 30, 2021. The Company purchases services from Chart E&C. During the nine months ended September 30, 2021 and 2020, purchases from Chart E&C totaled $137 thousand and $22 thousand, respectively. During the three months ended September 30, 2021 and 2020, purchases from Chart E&C totaled $59 thousand and $2 thousand. As of September 30, 2021 and December 31, 2020, the Company had $58 thousand and $14 thousand, respectively, due to Chart E&C included in accounts payable on the unaudited condensed consolidated balance sheets. Secured Promissory Note - Related Party

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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 resulting from any of these lawsuits, claims, proceedings, audits, commitments, contingencies and related matters or the timing of these liabilities, if any. If these matters were to ultimately be resolved unfavorably, it is possible that such an outcome could have a material adverse effect upon the Company’s consolidated financial position, results of operations, or liquidity. The Company does not, however, anticipate such an outcome and it believes the ultimate resolution of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations, or liquidity. Additionally, the Company currently expenses all legal costs as they are incurred.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 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 nine months ended September 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 nine months ended September 30, 2021, the Company issued a net 294,642 shares of common stock upon 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 September 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	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Amendment of the 2019 Long Term Incentive Plan In July 2021, the Company's Board of Directors approved the Amended and Restated 2019 Long Term Incentive Plan (the “Amended and Restated Plan”), which was subsequently approved by the Company's shareholders on September 14, 2021. Under the Amended and Restated Plan, the maximum number of shares of common stock available for issuance was increased from 1,675,000 shares to 4,000,000 shares. Awards under the Amended and Restated Plan may be granted to employees, officers and directors of the Company and affiliates, and any other person who provides services to the Company and its affiliates (including independent contractors and consultants of the Company and its subsidiaries). Awards may be granted in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, dividend equivalents, substitute awards, other stock-based awards, cash awards and/or any combination of the foregoing. No participant may receive a grant covering more than 2,000,000 shares of our common stock in any year and a non-employee member of the Board may not be granted more than 100,000 shares in any year. Restricted Stock Units The Company granted 500,000 Restricted Stock Units ("RSUs") under the 2019 Plan during the nine months ended September 30, 2021 as outlined below. On August 22, 2021, the Company entered into a separation and release agreement with James C. Reddinger (formerly the Company's chief executive officer) pursuant to which Mr. Reddinger voluntarily resigned from his employment with the Company and as a member of the Company’s Board of Directors. Under the separation and release agreement, the Company agreed that Mr. Reddinger’s 500,000 RSUs granted under the Company's 2019 Long Term Incentive Plan would fully vest as of August 22, 2021, subject to Mr. Reddinger agreeing to hold the shares through December 31, 2022, and his continued compliance with his obligations in his separation and release agreement. In accordance with the 2019 Long Term Incentive Plan, the RSUs will be settled upon the earlier of (i) Mr. Reddinger's death or (ii) the date that is six months after his separation from service. On August 23, 2021, the Company appointed Westervelt T. “Westy” Ballard, Jr., age 49, as its president and chief executive officer. In connection with Mr. Ballard's appointment, the Company granted Mr. Ballard 500,000 RSUs, of which 250,000 RSUs vested immediately on August 23, 2021. The remaining 250,000 will vest over a two-year period in two equal tranches on August 23, 2022, and August 23, 2023, conditioned on Mr. Ballard remaining continuously employed through each vesting date. Stock Options The Company also agreed to grant Mr. Ballard 1,300,000 options to purchase the Company’s common stock, subject to Board approval with a strike price equal to $10.00 per share, which will vest (i) 442,000 options on August 23, 2022, (ii) 429,000 options on August 23, 2023, and (iii) 429,000 options on August 23, 2024, conditioned on Mr. Ballard remaining continuously employed through each vesting date. The Company anticipates entering into an award agreement with Mr. Ballard with respect to such options during the fourth quarter of 2021. The Company includes stock compensation expense within general and administrative expenses in the unaudited interim condensed consolidated statements of operations. During the nine months ended September 30, 2021, the Company recognized $2.7 million of stock compensation expense which included $0.5 million and $1.7 million related to the immediate vesting of Mr. Reddinger's and Mr. Ballard's RSUs, respectively. During the nine months ended September 30, 2020, the Company recognized $249 thousand in stock-based compensation costs related to RSUs. The Company recognized $2.4 million and $148 thousand in stock-based compensation costs related to RSUs during the three months ended September 30, 2021 and 2020, respectively. During the nine months ended September 30, 2021, a net 294,642 share awards vested and were issued. As of September 30, 2021, the Company had $1.7 million of unrecognized compensation costs related to 430,688 outstanding RSUs, which is expected to be recognized over a weighted average period of less than two years. All units are expected to vest. 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 nine months ended September 30, 2021, the 34,706 RSAs vested.

Concentration of Credit Risk

Concentration of Credit Risk	9 Months Ended
	Sep. 30, 2021
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	Concentration of Credit RiskAs of September 30, 2021 and December 31, 2020, two customers comprised 42% and 47% of our net accounts receivable balance, respectively. During the three months ended September 30, 2021, revenues from two customers represented 39% of total revenues. During the three months ended September 30, 2020, revenues from one customer represented 26% of total revenues. During the nine months ended September 30, 2021 revenues from two customers represented 38% of our total revenues. During the nine months ended September 30, 2020, revenues from one customer represented 12% of our total revenues.As of September 30, 2021, two vendors comprised 33% of our net accounts payable balance. As of December 31, 2020, one vendor comprised 15% of our net accounts payable balance. For the three months ended September 30, 2021 and September 30, 2020, cost of revenues from one vendor represented 17% and 23% of our total cost of revenues, respectively. During the nine months ended September 30, 2021, cost of revenues from one vendor represented 13% of our total cost of revenues. During the nine months ended September 30, 2020, cost of revenues from two vendors represented 23% of our total cost of revenues.

Overview and Basis of Present_2

Overview and Basis of Presentation (Policies)	9 Months Ended
	Sep. 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 unaudited, interim condensed consolidated financial statements ("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 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 prevent the information presented herein from being misleading. The 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 periods presented are not necessarily indicative of the results of operations to be expected for the full year. The accompanying 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, all dollar amounts in tabulations are in thousands, unless otherwise indicated. The accompanying 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, and 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. The Company's working capital and business risks within the LNG industry 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 year-to-date revenue, 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 September 30, 2021.
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.
Income Taxes	Income TaxesThe 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.
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 interim 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 consolidated financial position and results of operations.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended Nine Months Ended Revenues 2021 2020 2021 2020 LNG Product $ 14,420 $ 6,594 $ 37,927 $ 18,609 Rental 2,712 737 8,039 4,012 Service 334 187 957 593 Power Delivery 1,925 1,352 5,129 3,638 Other 313 149 1,368 1,008 $ 19,704 $ 9,019 $ 53,420 $ 27,860 The table below presents revenue disaggregated by geographic location, for the three and nine months ended September 30, 2021 and 2020 (in thousands): Three Months Ended Nine Months Ended Revenues 2021 2020 2021 2020 Brazil $ 1,925 $ 1,352 $ 5,129 $ 3,638 Mexico 3,501 2,729 7,198 2,778 United States 14,278 4,938 41,093 21,444 $ 19,704 $ 9,019 $ 53,420 $ 27,860
Schedule of Contract Balances	The table below presents the changes in the Company’s contract liabilities for the nine months ended September 30, 2021 and December 31, 2020 (in thousands): September 30, December 31, Balance at beginning of period $ 357 $ 185 Cash received, excluding amounts recognized as revenue 283 777 Amounts recognized as revenue (352) (605) Balance at end of period $ 288 $ 357

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	The tables below present operating results by segment for the three and nine months ended September 30, 2021 and 2020 as well as their respective total assets at September 30, 2021 and December 31, 2020 (in thousands): Three Months Ended Nine Months Ended LNG Power Delivery Total LNG Power Delivery Total Revenues $ 17,779 $ 1,925 $ 19,704 $ 48,291 $ 5,129 $ 53,420 Depreciation 2,284 40 2,324 6,653 114 6,767 Loss from operations before equity income (4,441) (157) (4,598) (6,013) (678) (6,691) Net equity income from foreign joint ventures' operations — 246 246 — 1,075 1,075 Income (loss) from operations (4,441) 89 (4,352) (6,013) 397 (5,616) Interest expense, net 118 12 130 188 36 224 Interest expense, net - related parties 120 — 120 441 — 441 Income tax expense 93 — 93 356 — 356 Net income (loss) (4,735) 110 (4,625) (5,967) 513 (5,454) September 30, 2021 LNG Power Delivery Total Total assets $ 71,450 $ 16,219 $ 87,669 Three Months Ended Nine Months Ended LNG Power Delivery Total LNG Power Delivery Total Revenues $ 7,667 $ 1,352 $ 9,019 $ 24,222 $ 3,638 $ 27,860 Depreciation 2,237 29 2,266 6,706 96 6,802 Loss from operations before equity income (2,179) (254) (2,433) (5,898) (1,129) (7,027) Net equity income from foreign joint ventures' operations — 573 573 — 1,347 1,347 Income (loss) from operations (2,179) 319 (1,860) (5,898) 218 (5,680) Interest expense, net 11 (9) 2 16 12 28 Interest expense, net - related parties 199 — 199 681 — 681 Income tax expense 41 — 41 41 210 251 Net income (loss) (2,458) 325 (2,133) (6,678) 32 (6,646) December 31, 2020 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)	9 Months Ended
	Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	The Company’s prepaid expenses and other current assets at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Prepaid LNG $ 51 $ 90 Prepaid insurance 1,385 734 Prepaid supplier expenses 326 299 Other receivables 1,923 1,521 Deposits 360 285 Other 253 182 Total prepaid expenses and other current assets $ 4,298 $ 3,111

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	The Company’s property, plant and equipment at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Liquefaction plants and systems $ 47,225 $ 40,841 Real property and buildings 2,373 1,649 Vehicles and tanker trailers and equipment 49,556 47,179 Computer and office equipment 609 532 Construction in progress 964 191 Leasehold improvements 31 30 100,758 90,422 Less: accumulated depreciation (44,900) (38,384) $ 55,858 $ 52,038

Investments in Foreign Joint _2

Investments in Foreign Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2021
Equity Method Investments and Joint Ventures [Abstract]
Schedule of Financial Information of Foreign Joint Venture	The tables below present a summary of BOMAY's assets and liabilities and equity at September 30, 2021 and December 31, 2020, and its operational results for the three and nine months ended September 30, 2021 and 2020 in U.S. dollars (in thousands, unaudited): September 30, December 31, 2020 Assets: Total current assets $ 60,707 $ 51,811 Total non-current assets 6,690 7,136 Total assets $ 67,397 $ 58,947 Liabilities and equity: Total liabilities $ 34,779 $ 26,355 Total joint ventures’ equity 32,618 32,592 Total liabilities and equity $ 67,397 $ 58,947 Three Months Ended Nine Months Ended 2021 2020 2021 2020 Revenue $ 10,040 $ 17,641 $ 43,261 $ 44,844 Gross Profit 3,420 3,224 8,111 7,456 Earnings 688 1,663 2,923 3,662
Schedule of Activity in Investment in Foreign Joint Ventures	The table below presents a summary of activity in our investment in BOMAY for the periods ended September 30, 2021 and December 31, 2020 in U.S. dollars (in thousands, unaudited): September 30, December 31, 2020 Investment 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 1,267 2,705 Dividend distributions (1,387) (2,054) Balance at end of period 1,788 1,908 Foreign currency translation: Balance at the beginning of the period 656 (69) Change during the period 146 725 Balance at end of period 802 656 Total investment in BOMAY at end of period $ 11,923 $ 11,897 (1) Accumulated statutory reserves in equity method investments of $2.66 million at September 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 $97 thousand for both the nine months ended September 30, 2021 and 2020, which is included in income from equity investments in foreign joint ventures in the accompanying unaudited interim condensed consolidated statements of operations. As of September 30, 2021 and December 31, 2020, accumulated accretion totaled $280 thousand and $183 thousand, respectively.

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	The Company’s accrued liabilities at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Compensation and benefits $ 3,134 $ 1,745 Professional fees 623 408 LNG fuel and transportation 2,507 1,151 Accrued interest — 21 Contract liabilities 288 357 Other taxes payable 582 328 Other accrued liabilities 298 351 Total accrued liabilities $ 7,432 $ 4,361

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of Carrying Value of Debt	The Company’s carrying value of debt at September 30, 2021 and December 31, 2020 consisted of the following (in thousands): September 30, December 31, Unsecured promissory note $ — $ 1,080 Secured term note, net of debt issuance costs 6,598 — Secured term note payable - related party — 1,077 Secured promissory note - related party 3,498 5,000 Insurance and other notes payable 1,554 714 Less: amounts due within one year (3,959) (4,463) Total long-term debt $ 7,691 $ 3,408
Schedule Of Interest Expense On Debt	During the nine months ended September 30, 2021 and 2020, the Company recorded interest expense on debt as follows (in thousands): September 30, September 30, Unsecured promissory note $ — $ 4 Secured term note $ 176 $ — Secured term note payable - related party 22 57 Secured promissory note - related party 409 224 Insurance and other notes payable 41 24 Total interest expense on debt $ 648 $ 309

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Schedule of Lease Assets and Liabilities Obligations	The table below summarizes the supplemental balance sheet information related to lease assets and lease liabilities as of September 30, 2021 and December 31, 2020 (in thousands): Classification September 30, December 31, 2020 Assets Operating lease assets Right-of-use assets $ 128 $ 786 Finance lease assets Property and equipment, net of accumulated depreciation 90 6,781 Total lease assets $ 218 $ 7,567 Liabilities Current Operating Current portion of operating lease obligations $ 206 $ 362 Finance Current portion of finance lease obligation 16 — Finance Current portion of finance lease obligation - related parties — 648 Noncurrent Operating Long-term portion of operating lease obligation 314 490 Finance Long-term portion of finance lease obligations 68 — Total lease liabilities $ 604 $ 1,500
Schedule of Lease Expenses	The table below summarizes the components of lease expense for the three and nine months ended September 30, 2021 and 2020 (in thousands, unaudited): Lease Cost Classification Three Months Ended Nine Months Ended 2021 2020 2021 2020 Operating lease cost Cost of sales $ 39 $ 42 $ 116 $ 122 Operating lease cost Selling, general and administrative expenses 75 4 198 185 Finance lease cost Amortization of leased assets Depreciation 5 294 14 879 Interest on lease liabilities Interest expense 2 104 17 400 Net lease cost $ 121 $ 444 $ 345 $ 1,586
Schedule of Future Minimum Lease Payments for Operating and Finance Obligation	The schedule below presents the future minimum lease payments for our operating and finance lease obligations at September 30, 2021 (in thousands): Operating Finance Total Remainder 2021 $ 85 $ 6 $ 91 2022 181 25 206 2023 147 25 172 2024 131 41 172 2025 21 — 21 Thereafter — — — Total lease payments 565 97 662 Less: Interest (45) (13) (58) Present value of lease liabilities $ 520 $ 84 $ 604
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: September 30, Weighted-average remaining lease term (years) Operating leases 2.7 Finance leases 2.3 Weighted-average discount rate Operating leases 7.2% Finance leases 10.7%
Schedule of Supplemental Cash Flow Information Related To Leases	The table below summarizes the supplemental cash flow information related to leases for the nine months ended September 30, 2021 and 2020 (in thousands): September 30, September 30, Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 250 $ 287 Financing cash flows from finance leases 668 2,640 Interest paid 35 400 Noncash activities from right-of-use assets obtained in exchange for lease obligations: Operating leases $ — $ 1,163

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of Outstanding Warrants	As of September 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 ($)	Sep. 30, 2021gallon	Sep. 30, 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Effective tax rate			7.00%	3.90%
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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Total revenues	$ 19,704	$ 9,019	$ 53,420	$ 27,860
Brazil
Disaggregation of Revenue [Line Items]
Total revenues	1,925	1,352	5,129	3,638
Mexico
Disaggregation of Revenue [Line Items]
Total revenues	3,501	2,729	7,198	2,778
United States
Disaggregation of Revenue [Line Items]
Total revenues	14,278	4,938	41,093	21,444
LNG Product
Disaggregation of Revenue [Line Items]
Total revenues	14,420	6,594	37,927	18,609
Rental
Disaggregation of Revenue [Line Items]
Total revenues	2,712	737	8,039	4,012
Service
Disaggregation of Revenue [Line Items]
Total revenues	334	187	957	593
Power Delivery
Disaggregation of Revenue [Line Items]
Total revenues	1,925	1,352	5,129	3,638
Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 313	$ 149	$ 1,368	$ 1,008

Revenue Recognition - Contract

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 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	283	777
Amounts recognized as revenue	(352)	(605)
Balance at end of period	$ 288	$ 357

Business Segments (Details)

Business Segments (Details) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment							2
Revenues	$ 19,704			$ 9,019			$ 53,420	$ 27,860
Depreciation	2,324			2,266			6,767	6,802
Loss from operations before equity income	(4,598)			(2,433)			(6,691)	(7,027)
Net equity income from foreign joint ventures' operations	246			573			1,075	1,347
Income (loss) from operations	(4,352)			(1,860)			(5,616)	(5,680)
Interest expense, net	130			2			224	28
Interest expense, net - related parties	120			199			441	681
Income tax expense	93			41			356	251
Net income (loss)	(4,625)	$ (1,004)	$ 175	(2,133)	$ (3,463)	$ (1,050)	(5,454)	(6,646)
Total assets	87,669						87,669		$ 80,313
LNG
Segment Reporting Information [Line Items]
Revenues	17,779			7,667			48,291	24,222
Depreciation	2,284			2,237			6,653	6,706
Loss from operations before equity income	(4,441)			(2,179)			(6,013)	(5,898)
Net equity income from foreign joint ventures' operations	0			0			0	0
Income (loss) from operations	(4,441)			(2,179)			(6,013)	(5,898)
Interest expense, net	118			11			188	16
Interest expense, net - related parties	120			199			441	681
Income tax expense	93			41			356	41
Net income (loss)	(4,735)			(2,458)			(5,967)	(6,678)
Total assets	71,450						71,450		64,757
Power Delivery
Segment Reporting Information [Line Items]
Revenues	1,925			1,352			5,129	3,638
Depreciation	40			29			114	96
Loss from operations before equity income	(157)			(254)			(678)	(1,129)
Net equity income from foreign joint ventures' operations	246			573			1,075	1,347
Income (loss) from operations	89			319			397	218
Interest expense, net	12			(9)			36	12
Interest expense, net - related parties	0			0			0	0
Income tax expense	0			0			0	210
Net income (loss)	110			$ 325			513	$ 32
Total assets	$ 16,219						$ 16,219		$ 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	Sep. 30, 2021	Dec. 31, 2020
Prepaid expenses and other current assets
Prepaid LNG	$ 51	$ 90
Prepaid insurance	1,385	734
Prepaid supplier expenses	326	299
Other receivables	1,923	1,521
Deposits	360	285
Other	253	182
Total prepaid expenses and other current assets	$ 4,298	$ 3,111

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property Plant and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Cost	$ 100,758	$ 90,422
Less accumulated depreciation	(44,900)	(38,384)
Property, plant and equipment, net	55,858	52,038
Liquefaction plants and systems
Property, Plant and Equipment [Line Items]
Cost	47,225	40,841
Real property and buildings
Property, Plant and Equipment [Line Items]
Cost	2,373	1,649
Vehicles and tanker trailers and equipment
Property, Plant and Equipment [Line Items]
Cost	49,556	47,179
Computer and office equipment
Property, Plant and Equipment [Line Items]
Cost	609	532
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	964	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	Sep. 30, 2021	Jun. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Depreciation		$ 2,324		$ 2,266	$ 6,767	$ 6,802
Purchase price	$ 5,000
Number of shares of the combined company (in shares)	500,000				500,000
Value of Common Stock (in US Dollars)	$ 3,800		$ 3,795		$ 3,800

Investments in Foreign Joint _3

Investments in Foreign Joint Ventures - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Schedule of Equity Method Investments [Line Items]
Revenues	$ 19,704,000	$ 9,019,000	$ 53,420,000	$ 27,860,000
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						9 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Assets
Total current assets	$ 14,988						$ 14,988		$ 10,813
Total assets	87,669						87,669		80,313
Liabilities and Stockholders’ Equity
Total liabilities	24,947						24,947		18,283
Total joint ventures’ equity	62,722						62,722		62,030
Total liabilities and stockholders’ equity	87,669						87,669		80,313
Earnings	(4,625)	$ (1,004)	$ 175	$ (2,133)	$ (3,463)	$ (1,050)	(5,454)	$ (6,646)
Bomay | Equity Method Investment, Nonconsolidated Investee or Group of Investees
Assets
Total current assets	60,707						60,707		51,811
Total non-current assets	6,690						6,690		7,136
Total assets	67,397						67,397		58,947
Liabilities and Stockholders’ Equity
Total liabilities	34,779						34,779		26,355
Total joint ventures’ equity	32,618						32,618		32,592
Total liabilities and stockholders’ equity	67,397						67,397		$ 58,947
Revenue	10,040			17,641			43,261	44,844
Gross Profit	3,420			3,224			8,111	7,456
Earnings	$ 688			$ 1,663			$ 2,923	$ 3,662

Investments in Foreign Joint _5

Investments in Foreign Joint Ventures - Schedule of Activity in Investment in Foreign Joint Ventures (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Undistributed earnings:
Dividend distributions	$ (1,387)	$ (2,054)
Foreign currency translation:
Total investment in BOMAY at end of period	11,923		$ 11,897
Accretion of investment	97
Accumulated accretion	280		183
Bomay
Investment in BOMAY
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	1,267		2,705
Dividend distributions	(1,387)		(2,054)
Balance at end of period	1,788		1,908
Foreign currency translation:
Balance at the beginning of the period	656	$ (69)	(69)
Change during the period	146		725
Balance at end of period	802		656
Total investment in BOMAY at end of period	11,923		11,897
Accumulated statutory reserves in equity method investments	$ 2,660		$ 2,660
Ownership percentage	40.00%
Basis difference	$ 1,200
Remaining life of joint venture	7 years

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accrued liabilities
Compensation and benefits	$ 3,134	$ 1,745
Professional fees	623	408
LNG fuel and transportation	2,507	1,151
Accrued interest	0	21
Contract liabilities	288	357
Other taxes payable	582	328
Other accrued liabilities	298	351
Total accrued liabilities	$ 7,432	$ 4,361

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Unsecured promissory note	$ 0	$ 1,080
Secured term note, net of debt issuance costs	6,598	0
Secured term note payable - related party	0	1,077
Secured promissory note - related party	3,498	5,000
Insurance and other notes payable	1,554	714
Less: amounts due within one year	(3,959)	(4,463)
Total long-term debt	$ 7,691	$ 3,408

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($)	Sep. 20, 2021	Apr. 08, 2021	Jun. 30, 2021	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	Sep. 30, 2014
Debt Instrument [Line Items]
Gain on extinguishment of debt			$ 1,100,000		$ 1,086,000	$ 0
Affiliated Entity | Chart E&C
Debt Instrument [Line Items]
Percentage of common stock owned				8.30%	8.30%
Senior Secured Term Note Member
Debt Instrument [Line Items]
Repayments of Debt				$ 1,100,000
Senior Secured Term Note Member | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Effective interest rate							3.15%	3.00%
Secured promissory note - related party
Debt Instrument [Line Items]
Deferral period	1 year
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	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Debt Instrument [Line Items]
Interest expense	$ 648	$ 309
Unsecured promissory note
Debt Instrument [Line Items]
Interest expense	0	4
Secured term note
Debt Instrument [Line Items]
Interest expense	176	0
Secured term note payable - related party
Debt Instrument [Line Items]
Interest expense	22	57
Secured promissory note - related party
Debt Instrument [Line Items]
Interest expense	409	224
Insurance and other notes payable
Debt Instrument [Line Items]
Interest expense	$ 41	$ 24

Leases - Schedule of Lease Asse

Leases - Schedule of Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Assets and Liabilities, Lessee
Operating lease assets	$ 128	$ 786
Finance lease assets	$ 90	$ 6,781
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization	Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization
Total lease assets	$ 218	$ 7,567
Operating lease liabilities current	206	362
Finance lease liabilities current	16	0
Current portion of finance lease obligation - related parties	0	648
Operating lease liabilities non-current	314	490
Finance lease liabilities non-current	68	0
Present value of lease liabilities	$ 604	$ 1,500

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Lessee, Lease, Description [Line Items]
Amortization of leased assets	$ 5	$ 294	$ 14	$ 879
Interest on lease liabilities	2	104	17	400
Net lease cost	121	444	345	1,586
Cost of sales
Lessee, Lease, Description [Line Items]
Operating lease cost	39	42	116	122
Selling, general and administrative expenses
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 75	$ 4	$ 198	$ 185

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	Jul. 30, 2021USD ($)	Jan. 25, 2021USD ($)agreement	Dec. 31, 2019USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Leases [Abstract]
Termination settlement payable	$ 400
Termination settlement payable, periods	43 months
Impairment of right-of-use lease asset	$ 400			$ 376	$ 0	$ 376	$ 0
Present value of lease liabilities	$ 400			520		520
Number of finance lease agreements | agreement		3
Finance lease, principal and interest payments		$ 2				668	$ 2,640
Lessee term		36 months
Annual rate		10.70%
Purchase of machinery and equipment			$ 3,200
Lease liability due		$ 648		$ 97		$ 97

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments for Operating and Finance Obligation (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jul. 30, 2021	Jan. 25, 2021	Dec. 31, 2020
Operating Leases
Remainder 2021	$ 85
2022	181
2023	147
2024	131
2025	21
Thereafter	0
Total lease payments	565
Less: Interest	(45)
Present value of lease liabilities	520	$ 400
Finance Leases
Remainder 2021	6
2022	25
2023	25
2024	41
2025	0
Thereafter	0
Total lease payments	97		$ 648
Less: Interest	(13)
Present value of lease liabilities	84
Total
Remainder 2021	91
2022	206
2023	172
2024	172
2025	21
Thereafter	0
Total lease payments	662
Less: Interest	(58)
Present value of lease liabilities	$ 604			$ 1,500

Leases - Schedule of Lease Co_2

Leases - Schedule of Lease Costs and Terms for Operating and Finance Lease Obligations (Details)	Sep. 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 3 months 18 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	Sep. 30, 2021	Sep. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases		$ 250	$ 287
Financing cash flows from finance leases	$ 2	668	2,640
Interest paid		35	400
Noncash activities from right-of-use assets obtained in exchange for lease obligations:
Operating leases		$ 0	$ 1,163

Related Party Transactions - Ot

Related Party Transactions - Other Purchases and Sales (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Related Party Transaction [Line Items]
Due from related parties	$ 0		$ 0		$ 42,000
Secured term note payable - related party	$ 0		$ 0		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	$ 32,000	$ 36,000	$ 530,000	$ 109,000
Affiliated Entity
Related Party Transaction [Line Items]
Purchases from related parties	59,000	2,000	137,000	22,000
Secured term note payable - related party	$ 58,000		$ 58,000		14,000
Affiliated Entity | Crenshaw Family Holdings | 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	8.30%		8.30%
Affiliated Entity | Applied Cryo Technologies
Related Party Transaction [Line Items]
Related party sales	$ 30,000	0	$ 30,000	0
Due from related parties	30,000		30,000		2,000
Due to related parties	$ 15,000		$ 15,000		121,000
Affiliated Entity | TMG
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	25.00%		25.00%
Related party sales	$ 13,000	0	$ 13,000	0
Due from related parties	11,000		11,000		0
Due to related parties	548,000		548,000		$ 582,000
Purchase of supplies and services	$ 127,000	$ 18,000	$ 848,000	$ 213,000

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	Sep. 30, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			37,500,000	37,500,000
Common stock, par value (in usd per share)			$ 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]
Outstanding vested (in shares)			294,642

Stockholders' Equity - Issuance

Stockholders' Equity - Issuances of Warrants (Details)	Sep. 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) $ / shares in Units, $ in Thousands	Aug. 23, 2021USD ($)tranche$ / sharesshares	Aug. 22, 2021USD ($)shares	Jul. 31, 2021shares	Apr. 30, 2020shares	Feb. 29, 2020shares	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)shares	Sep. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period					1 year
Compensation costs | $								$ 2,700
Retainer fee, percentage					50.00%
Participant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant limit (in shares)			2,000,000
Non-Employee Board Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant limit (in shares)			100,000
Former Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs | $		$ 500
Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options grant in period (in shares)	1,300,000
Strike price (in dollars per share) | $ / shares	$ 10
Compensation costs | $	$ 1,700
Share-based Payment Arrangement, Tranche One | Chief Executive Officer | August 23, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be vested (in shares)	442,000
2019 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance (in shares)			1,675,000
Amended and Restated 2019 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available for issuance (in shares)			4,000,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	500,000
Compensation costs | $						$ 2,400	$ 148		$ 249
Unrecognized compensation costs | $						1,700		$ 1,700
Outstanding RSUs (in shares)								430,688
Unrecognized compensation costs, weighted average period								2 years
RSUs | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted (in shares)	500,000
Outstanding vested (in shares)	250,000
Vesting period	2 years
Number of tranches | tranche	2
RSUs | Share-based Payment Arrangement, Tranche One | August 23, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding vested (in shares)		250,000
RSUs | Share-based Payment Arrangement, Tranche Two | August 23, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding vested (in shares)		250,000
Shares to be vested (in shares)	429,000
RSUs | Share-based Payment Arrangement, Tranche Three | August 23, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares to be vested (in shares)	429,000
RSUs | 2019 Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding vested (in shares)								294,642
RSUs | 2019 Long Term Incentive Plan | Former Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding vested (in shares)		500,000
Separation of service, period		6 months
RSA
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation costs | $							$ 38	$ 17	$ 95
Unrecognized compensation costs | $						$ 0		$ 0
Number of shares vesting (in Shares)					34,706			34,706
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

Concentration of Credit Risk (D

Concentration of Credit Risk (Details)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Accounts Receivable | Customer Concentration Risk | Two Customer
Concentration Risk [Line Items]
Concentration risk, percentage			42.00%		47.00%
Revenue Benchmark | Customer Concentration Risk | Two Customer
Concentration Risk [Line Items]
Concentration risk, percentage			38.00%	12.00%
Revenue Benchmark | Customer Concentration Risk | Three Customer
Concentration Risk [Line Items]
Concentration risk, percentage	39.00%
Revenue Benchmark | Customer Concentration Risk | One Customer
Concentration Risk [Line Items]
Concentration risk, percentage		26.00%
Revenue Benchmark | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration risk, percentage	17.00%	23.00%
Accounts Payable | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration risk, percentage					15.00%
Accounts Payable | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration risk, percentage			33.00%
Cost of Goods and Service Benchmark | Supplier Concentration Risk | One Vendor
Concentration Risk [Line Items]
Concentration risk, percentage			13.00%
Cost of Goods and Service Benchmark | Supplier Concentration Risk | Two Vendors
Concentration Risk [Line Items]
Concentration risk, percentage				23.00%