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10-Q Filing

Heritage Global Inc. CIK: 849145 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001144204-12-028633
Period End Date 20120331
Filing Date 20120514
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance crbn-20120331.xml
Balance Sheet 71 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $6.67M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.63M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.61M USD Point-in-time
Amounts receivable (net of allowance for doubtful accounts of $186; 2011 - $186) AccountsReceivableNetCurrent $917.00K USD Point-in-time
Amounts receivable (net of allowance for doubtful accounts of $186; 2011 - $186) AccountsReceivableNetCurrent $1.66M USD Point-in-time
Receivables from related parties DueFromRelatedPartiesCurrent $2.60M USD Point-in-time
Receivables from related parties DueFromRelatedPartiesCurrent $595.00K USD Point-in-time
Allowance for doubtful accounts (in thousands of dollars) AllowanceForDoubtfulAccountsReceivableCurrent $186.00K USD Point-in-time
Allowance for doubtful accounts (in thousands of dollars) AllowanceForDoubtfulAccountsReceivableCurrent $186.00K USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $10.00 USD Point-in-time
Deposits DepositsAssetsCurrent $2.03M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $10.00 USD Point-in-time
Deposits DepositsAssetsCurrent $69.00K USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 10.00M shares Point-in-time
Inventory - equipment InventoryNet $1.01M USD Point-in-time
Inventory - equipment InventoryNet $763.00K USD Point-in-time
Other current assets PrepaidExpenseAndOtherAssetsCurrent $200.00K USD Point-in-time
Other current assets PrepaidExpenseAndOtherAssetsCurrent $148.00K USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $2.42M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetCurrent $2.42M USD Point-in-time
Total current assets AssetsCurrent $15.29M USD Point-in-time
Total current assets AssetsCurrent $11.83M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Inventory - real estate InventoryRealEstate $2.13M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Inventory - real estate InventoryRealEstate $1.07M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 28.14M shares Point-in-time
Asset liquidation investments AssetLiquidationInvestments $1.03M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 27.12M shares Point-in-time
Asset liquidation investments AssetLiquidationInvestments $3.46M USD Point-in-time
Investments CostAndEquityMethodInvestmentsExcludingAssetLiquidationInvestments $2.59M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 28.14M shares Point-in-time
Investments CostAndEquityMethodInvestmentsExcludingAssetLiquidationInvestments $2.77M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 27.12M shares Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $19.00K USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentNet $52.00K USD Point-in-time
Goodwill Goodwill $8.61M USD Point-in-time
Goodwill Goodwill $573.00K USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $26.13M USD Point-in-time
Deferred income tax assets DeferredTaxAssetsNetNoncurrent $26.36M USD Point-in-time
Total assets Assets $54.78M USD Point-in-time
Total assets Assets $47.15M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $6.67M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrent $855.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $261.00K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $117.00K USD Point-in-time
Debt payable to third parties DebtCurrent $456.00K USD Point-in-time
Debt payable to third parties DebtCurrent $3.09M USD Point-in-time
Debt payable to related parties DueToRelatedPartiesCurrent $1.00M USD Point-in-time
Debt payable to related parties DueToRelatedPartiesCurrent - USD Point-in-time
Total liabilities Liabilities $4.21M USD Point-in-time
Total liabilities Liabilities $8.24M USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 592 Class N shares at March 31, 2012 and December 31, 2011, liquidation preference of $592 at March 31, 2012 and December 31, 2011 PreferredStockValue $6.00K USD Point-in-time
Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 592 Class N shares at March 31, 2012 and December 31, 2011, liquidation preference of $592 at March 31, 2012 and December 31, 2011 PreferredStockValue $6.00K USD Point-in-time
Common stock, $0.01 par value, authorized 300,000,000 shares; issued and outstanding 28,135,228 shares at March 31, 2012 and 27,117,450 shares at December 31, 2011 CommonStockValue $271.00K USD Point-in-time
Common stock, $0.01 par value, authorized 300,000,000 shares; issued and outstanding 28,135,228 shares at March 31, 2012 and 27,117,450 shares at December 31, 2011 CommonStockValue $281.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $281.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $278.41M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-235.35M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-235.75M USD Point-in-time
Total equity StockholdersEquity $46.53M USD Point-in-time
Total equity StockholdersEquity $42.94M USD Point-in-time
Total equity StockholdersEquity $9.45M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $54.78M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $47.15M USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Asset sales AssetSales $1.85M USD 1 Quarter
Asset sales AssetSales $598.00K USD 1 Quarter
Commissions and other SalesRevenueServicesNet $136.00K USD 1 Quarter
Commissions and other SalesRevenueServicesNet $1.18M USD 1 Quarter
Total asset liquidation revenue SalesRevenueNet $3.03M USD 1 Quarter
Total asset liquidation revenue SalesRevenueNet $734.00K USD 1 Quarter
Asset liquidation AssetLiquidationExpenses $1.53M USD 1 Quarter
Asset liquidation AssetLiquidationExpenses $439.00K USD 1 Quarter
Inventory maintenance OtherCostOfOperatingRevenue $3.00K USD 1 Quarter
Inventory maintenance OtherCostOfOperatingRevenue $1.17M USD 1 Quarter
Patent licensing and maintenance LicenseCosts $26.00K USD 1 Quarter
Patent licensing and maintenance LicenseCosts $57.00K USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $1.58M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $823.00K USD 1 Quarter
Expenses paid to related parties ExpensesPaidToRelatedParties $157.00K USD 1 Quarter
Expenses paid to related parties ExpensesPaidToRelatedParties $145.00K USD 1 Quarter
Depreciation Depreciation $3.00K USD 1 Quarter
Depreciation Depreciation - USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $3.30M USD 1 Quarter
Total operating costs and expenses CostsAndExpenses $2.63M USD 1 Quarter
Operating income (loss) before earnings of equity accounted asset liquidation investments OperatingIncomeLossBeforeEarningsOfEquityAccountedAssetLiquidationInvestments $-1.90M USD 1 Quarter
Operating income (loss) before earnings of equity accounted asset liquidation investments OperatingIncomeLossBeforeEarningsOfEquityAccountedAssetLiquidationInvestments $-270.00K USD 1 Quarter
Earnings of equity accounted asset liquidation investments EarningsOfEquityAccountedAssetLiquidationInvestments $1.07M USD 1 Quarter
Earnings of equity accounted asset liquidation investments EarningsOfEquityAccountedAssetLiquidationInvestments $1.56M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-340.00K USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $799.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $10.00K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense - USD 1 Quarter
Interest expense InterestExpenseDebt $84.00K USD 1 Quarter
Interest expense InterestExpenseDebt $59.00K USD 1 Quarter
Total other income (expenses) NonoperatingIncomeExpense $-84.00K USD 1 Quarter
Total other income (expenses) NonoperatingIncomeExpense $-49.00K USD 1 Quarter
Income (loss) before the undernoted IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-424.00K USD 1 Quarter
Income (loss) before the undernoted IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $750.00K USD 1 Quarter
Income tax expense (recovery) IncomeTaxExpenseBenefit $-598.00K USD 1 Quarter
Income tax expense (recovery) IncomeTaxExpenseBenefit $313.00K USD 1 Quarter
Earnings (loss) of other equity accounted investments (net of $0 tax) IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments $15.00K USD 1 Quarter
Earnings (loss) of other equity accounted investments (net of $0 tax) IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments $-47.00K USD 1 Quarter
Net income and comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $189.00K USD 1 Quarter
Net income and comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $390.00K USD 1 Quarter
Basic (in thousands of shares) WeightedAverageNumberOfSharesOutstandingBasic 26.15M shares 1 Quarter
Basic (in thousands of shares) WeightedAverageNumberOfSharesOutstandingBasic 27.48M shares 1 Quarter
Diluted (in thousands of shares) WeightedAverageNumberOfDilutedSharesOutstanding 27.84M shares 1 Quarter
Diluted (in thousands of shares) WeightedAverageNumberOfDilutedSharesOutstanding 26.18M shares 1 Quarter
Basic and diluted (in thousands of shares) WeightedAverageNumberOfPreferredSharesBasicAndDiluted 1,000.00 shares 1 Quarter
Basic and diluted (in thousands of shares) WeightedAverageNumberOfPreferredSharesBasicAndDiluted 1,000.00 shares 1 Quarter
Common shares (in dollars per share) EarningsPerShareBasic $0.01 USD 1 Quarter
Common shares (in dollars per share) EarningsPerShareBasic $0.01 USD 1 Quarter
Preferred shares (in dollars per share) EarningsPerSharePreferredSharesBasic $0.57 USD 1 Quarter
Preferred shares (in dollars per share) EarningsPerSharePreferredSharesBasic $0.29 USD 1 Quarter
Common shares (in dollars per share) EarningsPerShareDiluted $0.01 USD 1 Quarter
Common shares (in dollars per share) EarningsPerShareDiluted $0.01 USD 1 Quarter
Preferred shares (in dollars per share) EarningsPerSharePreferredSharesDiluted $0.29 USD 1 Quarter
Preferred shares (in dollars per share) EarningsPerSharePreferredSharesDiluted $0.56 USD 1 Quarter
Cash Flow Statement 77 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $390.00K USD 1 Quarter
Net income ProfitLoss $30.71M USD Annual
Net income ProfitLoss $189.00K USD 1 Quarter
Accrued interest added to principal of third party debt IncreaseDecreaseInInterestPayableNet $11.00K USD 1 Quarter
Accrued interest added to principal of third party debt IncreaseDecreaseInInterestPayableNet $8.00K USD 1 Quarter
Amortization of financing costs on debt payable to third party AmortizationOfFinancingCosts $4.00K USD 1 Quarter
Amortization of financing costs on debt payable to third party AmortizationOfFinancingCosts $9.00K USD 1 Quarter
Accrued interest added to principal of related party debt AccruedInterestAddedToPrincipalOfRelatedPartyDebt - USD 1 Quarter
Accrued interest added to principal of related party debt AccruedInterestAddedToPrincipalOfRelatedPartyDebt $3.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $18.00K USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $115.00K USD 1 Quarter
Loss (earnings) of other equity accounted investments IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments $15.00K USD 1 Quarter
Loss (earnings) of other equity accounted investments IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments $-47.00K USD 1 Quarter
Deferred income tax assets DeferredIncomeTaxExpenseBenefit $235.00K USD 1 Quarter
Deferred income tax assets DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization - USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $3.00K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $-102.00K USD 1 Quarter
Decrease (increase) in accounts receivable IncreaseDecreaseInAccountsReceivable $235.00K USD 1 Quarter
Decrease (increase) in lease receivable IncreaseDecreaseInLeasingReceivables $-34.00K USD 1 Quarter
Decrease (increase) in lease receivable IncreaseDecreaseInLeasingReceivables $248.00K USD 1 Quarter
Decrease (increase) in deposits IncreaseDecreaseInDepositsOutstanding $1.96M USD 1 Quarter
Decrease (increase) in deposits IncreaseDecreaseInDepositsOutstanding $-6.00K USD 1 Quarter
Decrease (increase) in inventory IncreaseDecreaseInInventories $2.03M USD 1 Quarter
Decrease (increase) in inventory IncreaseDecreaseInInventories $-1.31M USD 1 Quarter
Decrease (increase) in asset liquidation investments IncreaseInAssetLiquidationInvestments $-981.00K USD 1 Quarter
Decrease (increase) in asset liquidation investments IncreaseInAssetLiquidationInvestments $-2.42M USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.00K USD 1 Quarter
Decrease (increase) in other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-193.00K USD 1 Quarter
Decrease (increase) in deferred income tax assets IncreaseDecreaseInDeferredIncomeTaxes $-4.00K USD 1 Quarter
Decrease (increase) in deferred income tax assets IncreaseDecreaseInDeferredIncomeTaxes $563.00K USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $3.10M USD 1 Quarter
Increase (decrease) in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-1.46M USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-110.00K USD 1 Quarter
Decrease in income taxes payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-144.00K USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-3.26M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $5.67M USD 1 Quarter
Net cash paid for business acquisition PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Net cash paid for business acquisition PaymentsToAcquireBusinessesNetOfCashAcquired $2.34M USD 1 Quarter
Investment in other equity accounted investments PaymentsToAcquireEquityMethodInvestments $21.00K USD 1 Quarter
Investment in other equity accounted investments PaymentsToAcquireEquityMethodInvestments $20.00K USD 1 Quarter
Cash distributions from other equity accounted investments EquityMethodInvestmentDistributions $157.00K USD 1 Quarter
Cash distributions from other equity accounted investments EquityMethodInvestmentDistributions $1.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-20.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.21M USD 1 Quarter
Proceeds of debt payable to third parties ProceedsFromLinesOfCredit $2.16M USD 1 Quarter
Proceeds of debt payable to third parties ProceedsFromLinesOfCredit $1.90M USD 1 Quarter
Repayment of debt payable to third parties RepaymentsOfLinesOfCredit $922.00K USD 1 Quarter
Repayment of debt payable to third parties RepaymentsOfLinesOfCredit $4.80M USD 1 Quarter
Proceeds of debt payable to a related party ProceedsFromIssuanceOfDebtPayableTorelatedParty $178.00K USD 1 Quarter
Proceeds of debt payable to a related party ProceedsFromIssuanceOfDebtPayableTorelatedParty - USD 1 Quarter
Repayment of debt payable to a related party RepaymentOfNotePayableToRelatedParty $2.05M USD 1 Quarter
Repayment of debt payable to a related party RepaymentOfNotePayableToRelatedParty - USD 1 Quarter
Proceeds from exercise of options to purchase common shares ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from exercise of options to purchase common shares ProceedsFromStockOptionsExercised $8.00K USD 1 Quarter
Proceeds from issuance of common shares, net of share issuance costs ProceedsFromIssuanceOfCommonStock - USD 1 Quarter
Proceeds from issuance of common shares, net of share issuance costs ProceedsFromIssuanceOfCommonStock $1.80M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-4.51M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.78M USD 1 Quarter
Decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-1.04M USD 1 Quarter
Decrease in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-499.00K USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $6.67M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $5.63M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.11M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.61M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $6.67M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $5.63M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.11M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.61M USD Point-in-time
Issuance of common stock in exchange for assets of acquired business IssuanceOfCommonStockInExchangeForAssetsOfAcquiredBusiness $1.95M USD 1 Quarter
Issuance of common stock in exchange for assets of acquired business IssuanceOfCommonStockInExchangeForAssetsOfAcquiredBusiness - USD 1 Quarter
Issuance of options to purchase common stock in exchange for assets of acquired business IssuanceOfOptionsToPurchaseCommonStockInExchangeForAssetsOfAcquiredBusiness $1.13M USD 1 Quarter
Issuance of options to purchase common stock in exchange for assets of acquired business IssuanceOfOptionsToPurchaseCommonStockInExchangeForAssetsOfAcquiredBusiness - USD 1 Quarter
Taxes paid IncomeTaxesPaid $218.00K USD 1 Quarter
Taxes paid IncomeTaxesPaid $108.00K USD 1 Quarter
Interest paid InterestPaid $56.00K USD 1 Quarter
Interest paid InterestPaid $38.00K USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $46.53M USD Point-in-time
Balance StockholdersEquity $42.94M USD Point-in-time
Balance StockholdersEquity $9.45M USD Point-in-time
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $1.95M USD 1 Quarter
Issuance of common stock StockIssuedDuringPeriodValueNewIssues $2.01M USD Annual
Exercise of options StockIssuedDuringPeriodValueStockOptionsExercised $16.00K USD Annual
Exercise of options StockIssuedDuringPeriodValueStockOptionsExercised $8.00K USD 1 Quarter
Issuance of options AdjustmentsToAdditionalPaidInCapitalIssuanceOfOptions $1.13M USD 1 Quarter
Issuance of options AdjustmentsToAdditionalPaidInCapitalIssuanceOfOptions $460.00K USD Annual
Compensation cost related to stock options AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $296.00K USD Annual
Compensation cost related to stock options AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $115.00K USD 1 Quarter
Net income ProfitLoss $390.00K USD 1 Quarter
Net income ProfitLoss $30.71M USD Annual
Net income ProfitLoss $189.00K USD 1 Quarter
Balance StockholdersEquity $46.53M USD Point-in-time
Balance StockholdersEquity $42.94M USD Point-in-time
Balance StockholdersEquity $9.45M USD Point-in-time
Comprehensive Income 2 line items
Line Item Tag Value Unit Period
Tax on earnings (loss) of other equity accounted investments TaxOnIncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments - USD 1 Quarter
Tax on earnings (loss) of other equity accounted investments TaxOnIncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments - USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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