Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies [Text Block]

Note 13 – Commitments and Contingencies

     At June 30, 2013, CRBCI has no commitments other than the Unused Line Fee on its third party debt and the leases on the Heritage Global Partners offices in California. The leases expire on December 11, 2015 and July 31, 2016. The annual lease obligations are as shown below:

2013	$	141
2014		287
2015		293
2016		145
	$	866

     In the normal course of its business, CRBCI may be subject to contingent liability with respect to assets sold either directly or through Joint Ventures. At June 30, 2013 CRBCI does not expect any of these liabilities, individually or in the aggregate, to have a material adverse effect on its assets or results of operations.

     The Company is involved in various other legal matters arising out of its operations in the normal course of business, none of which are expected, individually or in the aggregate, to have a material adverse effect on the Company.