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Other Current Assets
 9 Months Ended
Sep. 30, 2018
Other Current Assets [Abstract]  
Other Current Assets

12.  Other current assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

September 30,

December 31,



 

 

 

 

 2018 

 

 

 2017 



 

 

 

 

 

 

 

 

Advances against auction contracts

 

 

 

$

 4,872 

 

$

 7,336 

Assets held for sale

 

 

 

 

 10,805 

 

 

 584 

Prepaid expenses and deposits

 

 

 

 

 24,559 

 

 

 19,690 



 

 

 

$

 40,236 

 

$

 27,610 



As at September 30, 2018, the Company’s assets held for sale consisted of one excess auction site located in Canada and two excess auction sites located in the United States. Management made the strategic decision to sell these properties to maximize the Company’s return on invested capital. The estimated sales proceeds are expected to be in excess of the current book value. The properties have been actively marketed for sale, and management expects the sales to be completed within 12 months of September 30, 2018. This land belongs to the A&M reportable segment.