v3.26.1
Note 4 - Restructuring Activities
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Restructuring and Related Activities Disclosure [Text Block]

4.     Restructuring Activities

 

On January 18, 2019, the Company announced a planned suspension of its APC business operation in China. This action was 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, 2026 includes staff rationalization and reduction, supplier and partner engagement, and the monetization of certain assets. The remaining transition activities include the execution of the activities to satisfy the requirements for the remaining APC projects in China (with a backlog totaling approximately $3) and those related to subsidiary closure.

 

The following table presents our revenues and net loss for the three and six months ended June 30, 2026 and 2025 in China as follows:

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 
   

2026

   

2025

   

2026

   

2025

 

Total revenues

  $ 14     $     $ 14     $  

Net loss

    (9 )     (12 )     (22 )     (30 )

 

The following table presents net assets in China as of  June 30, 2026 and December 31, 2025:

 

   

As of

 
   

June 30, 2026

   

December 31, 2025

 

Total assets

  $ 768     $ 767  

Total liabilities

    78       83  

Total net assets

  $ 690     $ 684  

 

Total assets primarily consist of cash and other receivables. Total liabilities consist of accounts payable and certain accrued liabilities.