Discontinued Operations

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Discontinued Operations

During the second quarter of 2017, the Company suspended all operations associated with the Fuel Conversion business segment. The components of the net assets of the Fuel Conversion discontinued operations are Assets held for sale (which consists primarily of certain equipment) on the Consolidated Balance Sheets totaling $413 and $485 as of March 31, 2019 and December 31, 2018, respectively. The Company sold certain equipment within Assets held for sale for the three-month periods ended March 31, 2019 of $55. Additionally, the Company entered into an agreement with a potential buyer for the remaining equipment within Assets held for sale which provided a non-refundable deposit of $20 for the option to purchase for $500 (less applicable commission to the third party equipment reseller) by May 21, 2019 or withdraw without any further obligation.

In addition, accrued severance of $35 and $65 is included in the other accrued liabilities line of the Consolidated Balance Sheets as of March 31, 2019 and December 31, 2018, respectively. A total of $30 was paid for the three-months ended March 31, 2019, $30 will be paid in the second quarter of 2019 and the remaining $5 will be paid in the third quarter of 2019.

The Fuel Conversion business segment had no other assets or liabilities associated with it.

The activity of the Fuel Conversion discontinued operations consisted primarily of storage costs for the certain equipment held in Assets held for sale of $10 and $25 for the three-month periods ended March 31, 2019 and 2018, respectively. The Fuel Conversion business segment had no revenues associated with it.