10-K Filing

Heritage Global Inc. CIK: 849145 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001564590-16-014988`
Period End Date	20151231
Filing Date	20160317
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	hgbl-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 44 Cash Flow Statement 73 Stockholders Equity 12

Balance Sheet 81 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$10.00	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	575.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	569.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.21M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	569.00	shares	Point-in-time
Accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$2.86M	USD	Point-in-time
Accounts receivable, net	`AccountsNotesAndLoansReceivableNetCurrent`	$639.00K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	575.00	shares	Point-in-time
Deposits	`DepositsAssetsCurrent`	$4.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Deposits	`DepositsAssetsCurrent`	$173.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventory equipment	`InventoryNet`	$139.00K	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 equipment	`InventoryNet`	$395.00K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	28.17M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	28.47M	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$449.00K	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$587.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.26M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.17M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.47M	shares	Point-in-time
Inventory real estate	`InventoryRealEstate`	$3.71M	USD	Point-in-time
Inventory real estate	`InventoryRealEstate`	$6.51M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.13M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$17.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$110.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$150.00K	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$4.38M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$7.66M	USD	Point-in-time
Goodwill	`Goodwill`	$6.16M	USD	Point-in-time
Goodwill	`Goodwill`	$5.30M	USD	Point-in-time
Goodwill	`Goodwill`	$8.85M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$156.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$186.00K	USD	Point-in-time
Total assets	`Assets`	$31.87M	USD	Point-in-time
Total assets	`Assets`	$18.80M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.22M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$6.67M	USD	Point-in-time
Current portion of third party debt	`OtherShortTermBorrowings`	-	USD	Point-in-time
Current portion of third party debt	`OtherShortTermBorrowings`	$525.00K	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$1.72M	USD	Point-in-time
Related party debt	`DueToRelatedPartiesCurrent`	$2.98M	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$803.00K	USD	Point-in-time
Current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$865.00K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	-	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$97.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.54M	USD	Point-in-time
Non-current portion of third party debt	`UnsecuredLongTermDebt`	$2.50M	USD	Point-in-time
Non-current portion of third party debt	`UnsecuredLongTermDebt`	$2.50M	USD	Point-in-time
Non-current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$3.40M	USD	Point-in-time
Non-current portion of contingent consideration	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$2.59M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$960.00K	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$960.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$18.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.41M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 569 Class N shares at December 31, 2015 and 575 Class N shares at December 31, 2014	`PreferredStockValue`	$6.00K	USD	Point-in-time
Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 569 Class N shares at December 31, 2015 and 575 Class N shares at December 31, 2014	`PreferredStockValue`	$6.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 300,000,000 shares; issued and outstanding 28,467,648 shares at December 31, 2015 and 28,167,408 shares at December 31, 2014	`CommonStockValue`	$285.00K	USD	Point-in-time
Common stock, $0.01 par value, authorized 300,000,000 shares; issued and outstanding 28,467,648 shares at December 31, 2015 and 28,167,408 shares at December 31, 2014	`CommonStockValue`	$282.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$284.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$283.69M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-270.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-280.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-54.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$13.48M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.39M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$39.50M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$18.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$31.87M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Services revenue	`SalesRevenueServicesNet`	$13.48M	USD	Annual
Services revenue	`SalesRevenueServicesNet`	$13.27M	USD	Annual
Asset sales	`SalesRevenueGoodsNet`	$3.95M	USD	Annual
Asset sales	`SalesRevenueGoodsNet`	$6.72M	USD	Annual
Total revenues	`Revenues`	$19.99M	USD	Annual
Total revenues	`Revenues`	$17.43M	USD	Annual
Cost of services revenue	`CostOfServices`	$3.12M	USD	Annual
Cost of services revenue	`CostOfServices`	$4.88M	USD	Annual
Cost of asset sales	`CostOfGoodsSold`	$3.41M	USD	Annual
Cost of asset sales	`CostOfGoodsSold`	$5.40M	USD	Annual
Real estate inventory write-down	`InventoryWriteDown`	-	USD	Annual
Real estate inventory write-down	`InventoryWriteDown`	$2.75M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$11.18M	USD	Annual
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$12.77M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$575.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$566.00K	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$5.44M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$28.07M	USD	Annual
Total operating costs and expenses	`CostsAndExpenses`	$22.03M	USD	Annual
Earnings of equity method investments	`EarningsOfEquityAccountedAssetLiquidationInvestments`	$143.00K	USD	Annual
Earnings of equity method investments	`EarningsOfEquityAccountedAssetLiquidationInvestments`	$286.00K	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-1.90M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-10.35M	USD	Annual
Gain on sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$551.00K	USD	Annual
Gain on sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$297.00K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$52.00K	USD	Annual
Interest expense	`InterestExpense`	$495.00K	USD	Annual
Interest expense	`InterestExpense`	$349.00K	USD	Annual
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.41M	USD	Annual
Loss before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.79M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$24.72M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$15.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-26.51M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.42M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.00K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-10.44M	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-26.50M	USD	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.34B	shares	Annual
Weighted average common shares outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.17B	shares	Annual
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.37	USD	Annual
Net loss per share basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.94	USD	Annual

Cash Flow Statement 73 line items

Line Item	Tag	Value	Unit	Period
Cash acquired, business acquisition	`CashAcquiredFromAcquisition`	$639.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-26.51M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.42M	USD	Annual
Accrued management fees and other charges added to principal of related party debt	`RelatedPartyExpensesAccruedToRelatedPartyDebt`	$553.00K	USD	Annual
Accrued management fees and other charges added to principal of related party debt	`RelatedPartyExpensesAccruedToRelatedPartyDebt`	$290.00K	USD	Annual
Accrued interest added to principal of related party debt	`InterestExpenseRelatedParty`	$90.00K	USD	Annual
Accrued interest added to principal of related party debt	`InterestExpenseRelatedParty`	$190.00K	USD	Annual
Mark-to-market of contingent consideration	`LiabilitiesFairValueAdjustment`	$228.00K	USD	Annual
Mark-to-market of contingent consideration	`LiabilitiesFairValueAdjustment`	$-210.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$358.00K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$484.00K	USD	Annual
Real estate inventory write-down	`InventoryWriteDown`	-	USD	Annual
Real estate inventory write-down	`InventoryWriteDown`	$2.75M	USD	Annual
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestments`	$291.00K	USD	Annual
Earnings of equity method investments	`IncomeLossFromEquityMethodInvestments`	$404.00K	USD	Annual
Gain on sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$551.00K	USD	Annual
Gain on sale of equity method investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$575.00K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$566.00K	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	-	USD	Annual
Impairment of goodwill and intangible assets	`GoodwillAndIntangibleAssetImpairment`	$5.44M	USD	Annual
Return on investment in equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$970.00K	USD	Annual
Return on investment in equity method investments	`EquityMethodInvestmentDividendsOrDistributions`	$680.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-216.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-619.00K	USD	Annual
Inventory - equipment	`IncreaseDecreaseInInventories`	$-9.00K	USD	Annual
Inventory - equipment	`IncreaseDecreaseInInventories`	$211.00K	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-299.00K	USD	Annual
Other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$246.00K	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-24.67M	USD	Annual
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-378.00K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$68.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$621.00K	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-836.00K	USD	Annual
Cash paid for business acquisition, net of cash acquired of $639	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.36M	USD	Annual
Cash paid for business acquisition, net of cash acquired of $639	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	Annual
Cash distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$590.00K	USD	Annual
Cash distributions from equity method investments	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$850.00K	USD	Annual
Proceeds from sale of equity method investments	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	Annual
Proceeds from sale of equity method investments	`ProceedsFromSaleOfEquityMethodInvestments`	$1.99M	USD	Annual
Investment in equity method investments	`PaymentsToAcquireEquityMethodInvestments`	$583.00K	USD	Annual
Investment in equity method investments	`PaymentsToAcquireEquityMethodInvestments`	$143.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.00K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$127.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.48M	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$2.69M	USD	Annual
Proceeds from debt payable to third parties	`ProceedsFromShortTermDebt`	$3.45M	USD	Annual
Proceeds from debt payable to third parties	`ProceedsFromShortTermDebt`	-	USD	Annual
Repayment of debt payable to third parties	`RepaymentsOfShortTermDebt`	$525.00K	USD	Annual
Repayment of debt payable to third parties	`RepaymentsOfShortTermDebt`	$1.87M	USD	Annual
Proceeds from debt payable to related party	`ProceedsFromRelatedPartyDebt`	$775.00K	USD	Annual
Proceeds from debt payable to related party	`ProceedsFromRelatedPartyDebt`	$2.20M	USD	Annual
Repayment of debt payable to related party	`RepaymentsOfRelatedPartyDebt`	$2.42M	USD	Annual
Repayment of debt payable to related party	`RepaymentsOfRelatedPartyDebt`	$2.50M	USD	Annual
Payment of contingent consideration	`PaymentOfContingentConsideration`	$513.00K	USD	Annual
Payment of contingent consideration	`PaymentOfContingentConsideration`	-	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-2.68M	USD	Annual
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$1.28M	USD	Annual
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$420.00K	USD	Annual
Net (decrease) increase in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-828.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-28.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	Annual
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.21M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.63M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.78M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$3.21M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$75.00K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	$55.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$178.00K	USD	Annual
Cash paid for interest	`InterestPaid`	$168.00K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$13.48M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$3.39M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$39.50M	USD	Point-in-time
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$484.00K	USD	Annual
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$358.00K	USD	Annual
Net loss	`NetIncomeLoss`	$-26.51M	USD	Annual
Net loss	`NetIncomeLoss`	$-10.42M	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.00K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$10.00K	USD	Annual
Ending Balance	`StockholdersEquity`	$13.48M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$3.39M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$39.50M	USD	Point-in-time

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