The Company’s amounts receivable are primarily related to the operations of its asset liquidation business. With respect to auction proceeds and asset dispositions, the goods are not released to the buyer until payment has been received, and therefore the Company has not experienced any significant collectability issues relating to these receivables. Given this experience, together with the ongoing business relationships between the Company and its joint venture partners, the Company has not yet been required to develop a policy for formal credit quality assessment. The Company has also not experienced any significant collectability issues with receivables relating to appraisal fees. As the Company’s asset liquidation business continues to develop, more comprehensive credit assessments may be required.

During the first three months of 2014, there were no changes in the Company’s accounting policies for financing receivables, and therefore no related change in the current-period provision for credit losses. During the same period, there were no purchases, sales or reclassifications of financing receivables. There were no troubled debt restructurings during the first three months of either 2014 or 2013.

The Company’s intangible assets are related to its asset liquidation business.

On February 29, 2012 the Company acquired HGP for a total purchase price of $7,080, of which $5,640 was assigned to identifiable intangible assets, as shown below. The Customer/Broker Network intangible asset is being amortized over 12 years, and the Trade Name intangible asset is being amortized over 14 years. No impairment resulted from the completion of the impairment tests at December 31, 2013, and there have been no events or circumstances in 2014 that would make it more likely than not that the carrying amount of the intangible assets may not be recoverable.

		March 31,			December 31,
		2014			2013
Customer/Broker Network	$	4,180		$	4,180
Accumulated amortization		(726	)		(639	)
		3,454			3,541

Trade Name		1,460			1,460
Accumulated amortization		(217	)		(191	)
		1,243			1,269

Total net intangible assets	$	4,697		$	4,810

As part of its acquisition of Equity Partners in June 2011, the Company recognized goodwill of $573. No goodwill impairment resulted from the completion of the impairment tests at December 31, 2013, and there have been no events or changes in circumstances in 2014 that make it more likely than not that the carrying amount of this goodwill may be impaired.

As part of its acquisition of HGP in February 2012, the Company recognized goodwill of $4,728. No goodwill impairment resulted from the completion of the impairment tests at December 31, 2013, and there have been no events or changes in circumstances in 2014 that make it more likely than not that the carrying amount of this goodwill may be impaired.

Accounts payable and accrued liabilities consisted of the following at March 31, 2014 and December 31, 2013:

		March 31,		December 31,
		2014		2013

Due to auction clients	$	2,139	$	3,586
Due to Joint Venture partners		615		639
Sales and other taxes		1,293		966
Customer deposits		5		50
Remuneration and benefits		485		579
Asset liquidation expenses		60		76
Auction expenses		304		135
Regulatory and legal fees		57		45
Accounting, auditing and tax consulting		182		153
Patent licensing and maintenance		4		25
Other		224		256

Total accounts payable and accrued liabilities	$	5,368	$	6,510