Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Text Block]

Note 8 – Commitments and Contingencies

At December 31, 2013, HGI has no commitments other than the Unused Line Fee on its third party debt and leases on the HGP offices in California and Washington. The California leases expire on December 11, 2015 and July 31, 2016; the Washington lease expires on March 14, 2014. The annual lease obligations are as shown below:

2014	$	289
2015		293
2016		145
	$	727

In the normal course of its business, HGI may be subject to contingent liability with respect to assets sold either directly or through Joint Ventures. At December 31, 2013 HGI 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.