Acquisition and Expansion of Heritage Global Partners, Inc. (Tables)

9 Months Ended

Sep. 30, 2013

Schedule of the Consideration paid for Heritage Global Partners and the amounts of the assets acquired and liabilities assumed [Table Text Block]

At February 29, 2012
	$
Consideration paid
Cash 1	3,000
Promissory notes, net of receivable from owners 2	849
Equity instruments:
1,000,000 HGI common shares 3	2,100
625,000 options to purchase HGI common shares at $2.00 per share 4	1,131
Fair value of total consideration	7,080
Acquisition related costs (included in selling, general, and administrative expenses in HGI’s consolidated statement of operations for the year ended December 31, 2012)	78
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash 1	656
Accounts receivable (net of $0 allowance for doubtful accounts)	870
Deposits	20
Prepaid expenses	43
Property, plant and equipment	37
Identifiable intangible assets	5,640
Accounts payable and accrued liabilities	(1,212	)
Client liability account	(1,424	)
Short-term note payable	(100	)
Future income taxes payable	(2,178	)
Total identifiable net assets assumed	2,352
Goodwill	4,728
	7,080