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Restructuring Activities
6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring Activities
Restructuring Activities

On January 18, 2019, the Company announced a planned suspension of its Air Pollution Control (“APC”) business operation in China. This action is part of Fuel Tech’s ongoing operational improvement initiatives designed to prioritize resource allocation, reduce costs, and drive profitability for the Company on a global basis. The transition associated with the suspension of the APC business which has taken place through June 30, 2020 includes staff rationalization and reduction, supplier and partner engagement, and the monetization of certain assets. The remaining transition activities include the execution of the remaining activities to satisfy the requirements for the remaining APC projects in China (with a backlog totaling approximately $29) in addition to collection efforts for the remaining accounts receivable.

The following table presents our revenues and net loss (which includes the Restructuring charge line item within the Condensed Statements of Operations for 2020 and 2019 in China as follows:
 
Three Months Ended 
 June 30,
Six Months Ended 
 June 30,
 
2020
2019
2020
2019
Total revenues
$
3

$
(28
)
$
5

$
310

Net income (loss)
(85
)
(540
)
42

(1,390
)


Total assets primarily consist of cash, accounts receivable, contract assets, prepaid expenses and other current assets. Total liabilities consist of accounts payable and certain accrued liabilities.

The following table presents net assets in China as follows:
 
As of
 
June 30, 2020
December 31, 2019
Total assets
$
3,072

$
4,249

Total liabilities
352

399

Total net assets
$
2,720

$
3,850



The Company incurred $0 in the three and six month periods ending June 30, 2020 and $30 and $625 during the three and six month periods ending June 30, 2019 for severance and lease cancellation costs related to the suspension of the APC business in China.

There is no liability for restructuring activities for the three and six months ending June 30, 2020. The following is a reconciliation of the accrual for the workforce reduction that is included within the "Accrued Liabilities - Employee Compensation" line of the consolidated balance sheets for the three and six months ending June 30, 2020 and 2019:

 
Three Months Ended June 30,
Six Months Ended June 30,
 
2020
2019
2020
2019
Restructuring liability at beginning of period
$

$
373

$

$
65

      Amounts expensed

30


625

      Amounts paid

(248
)

(535
)
Restructuring liability at end of period
$

$
155

$

$
155