Commitments and Contingencies

3 Months Ended

Mar. 31, 2014

Commitments and Contingencies [Text Block]

Note 12 – Commitments and Contingencies

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

2014		216
2015		293
2016		145
	$	654

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 March 31, 2014 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.