RESTRUCTURING ACTIVITIES

On January 18, 2019, the Company announced a planned suspension of its Air Pollution Control (“APC”) business operation in China (“Beijing Fuel Tech”). 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 includes staff rationalization, 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 $35) in addition to collection efforts for the remaining accounts receivable.

The following table presents our revenues and net loss in China for the years ended December 31, 2019, 2018 and 2017:



	2019			2018			2017
Total revenues	$	329		$	3,006		$	8,034
Net loss	(1,767		)	(1,868		)	(1,343		)

The following table presents net assets in China for the years ended December 31, 2019, 2018 and 2017:



	2019		2018		2017
Total assets	$	4,249	$	8,546	$	13,005
Total liabilities	399		2,953		5,245
Total net assets	3,850		5,593		7,760

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 Company recorded restructuring charges $625 for the twelve months ended December 31, 2019 associated with the suspension of its APC business operation in China. The charge consisted primarily of one-time severance costs of $562 and the early termination penalty for our lease associated with the suspension of our APC business in China of $63. On January 23, 2019, the Company notified the landlord of our intention to early terminate the lease on July 22, 2019 resulting in the early termination penalty.

The Company recorded no restructuring charge for the twelve-months ending December 31, 2018. The Company recorded a charge of approximately $700 in 2017 in connection with the workforce reduction. This charge included $581 related to severance and benefit continuation costs due to the suspension of all operations associated with the Fuel Conversion business segment. The following is a reconciliation of the accrual for the workforce reduction that is included within the "Accrued Liabilities" line of the consolidated balance sheets:



	Twelve Months Ended
	2019			2018			2017
Restructuring liability at January 1,	$	65		$	391		$	309
Amounts expensed	625			—			119
Amounts expensed - discontinued operations	—			—			581
Amounts paid	(690		)	(326		)	(618		)
Restructuring liability at December 31,	$	—		$	65		$	391